I feel like I’ve gotten off track on our finances and I need input on how to get back on track. We had very little income for the beginning three months of this year, but we did really well at pinching pennies despite the financial struggles. Now that work is a little more steady for my husband, I feel like I’ve had some psychological thing going on where I feel justified spending a little more since we have a more steady income.
I am by no means going crazy, but I have splurged on this and that ($25 here for stuff we really didn’t need, $25 there for a “good deal”). I just need to bring myself back to what really makes me feel good and what I feel pleases God: Living within our means, giving back, and saving money for the future.
Do you have any encouragement or suggestions? -Leah
1. Stop Beating Yourself Up
First off, Leah, I want to encourage you to stop beating yourself up. Wallowing in the feeling of failure does nothing to move you forward.
2. Have a Heart-To-Heart Talk About Your Goals
Instead, I encourage you to sit down with your husband and have a heart-to-heart talk about your financial goals and goals for your family in general.
3. Come To a Mutual Agreement
Where do you hope to be in a year from now or five years now? Communicate about your goals, compromise when necessary, and come to mutual agreement.
4. Break Your Goals Down Into Bite-Sized Pieces
Then break your big goals down into bite-sized pieces so that you have monthly, weekly, and even daily goals to work toward together. This will give you momentum for being creative when it comes to your finances and will give you purpose for cutting costs and living frugally.
5. Make Sure You Budget for Strategic Splurging
Make sure that you include some wiggle room in your budget, if you can wing it (and it sounds like you can). Budgeting a small amount of personal spending money or blow money each month allows you to be able to enjoy little splurges here and there without feeling guilty.
6. Have Monthly Goal Accountability Meetings
Have monthly goal accountability meetings with your husband to make sure that you are staying on track and on the same page when it comes to your budget and your financial goals.
What advice and suggestions would you have for Leah?