As a finance enthusiast, even I can admit: budgeting isn’t really a ‘fun’ word. It’s kind of like 'vegetables.' Just seeing the word can make us feel insecure about our life choices. It immediately reminds us of something we should be doing better, yet ironically, leaves us feeling discouraged - not inspired - to change.
But there’s good news! We don’t have to run away from the topic hoping it leaves us alone already. Because here’s the thing: budgeting isn’t out to get you! That’s right. You don’t have to budget, period. And you’ll be just fine. I’m sure of it.
So I’m not here to tell you what you should do or make you feel bad if you don’t. Instead, let’s take an honest look at the biggest benefits of budgeting, and then you can decide for yourself if you might actually want to budget. Genuinely.
Let's say you’re convinced that budgeting matters - so much so that you’re willing to give it a shot! What now?
In this post, we’ll get some clarity on what we mean by the term budgeting, the mindsets we need to go about it healthily, and a few practical steps on how to get started budgeting today. Woo!
Ahh, budgeting. We've been told we should, but we don’t. It’s a love hate relationship, just without the love part.
So what if - what if - we shouldn’t? What if under certain circumstances we’re actually perfectly justified - better off, even - to stop budgeting?
In my mind, there are four scenarios that call into question the need and legitimacy of budgeting as a financial discipline.
A brief overview of the many unexpected perks of having an at home coffee bar - including, most notably, tens of thousands of dollars! Read on to see what I use in my own set up, how I decided what machines to buy, as well as a detailed analysis on how having a coffee bar saves us money, how much money, and how quickly. Trust me, you need this!
As of today, it has been exactly 546 days since I’ve last snoozed - and counting. Prior to my personal breakthrough, I spent years of my life trying to kick the bad habit unsuccessfully, so you could say I’ve learned some things along the way. Now, I’m able to get up without snoozing 365 days a year! In this post, I’ve boiled it down to four easy steps so that you can be saying the same thing a year from today :)
One of my favorite ‘fun facts’ about myself is that I got married in college when I was just 20 years old. Megan had turned 21 exactly 7 days before our marriage (which proved clutch for our honeymoon in Colorado, as we wouldn’t have been able to rent a car otherwise!). At the time we got married, I had a year left of schooling, and Megan had a full two years left en route to her Master’s degree.
In our generation, that raises some eyebrows and drops some jaws! After all, before deciding when to get married, there are some other considerations to make, like, you know, who to get married to, and if you even want to be married. For us, getting married, getting married to each other, and getting married young were all pretty simple decisions, despite their gravity, and I’m happy to walk you through our journey.
Most of us have been told that we should keep a budget. Most of us have been told that we should avoid credit card debt. If we’re lucky, we’ve even been told we should save and invest some of our money each month. But what’s the big picture? What are we really aiming for, and why? Any good financial planner, before recommending a financial plan, is going to take some time getting to know our personal goals and aspirations. Similarly, we need to have a familiarity with our financial philosophy before we dig into the details of our financial habits. My financial philosophy is simple: Live Now. Live Long. Change The World.
If you’ve read anything about goal setting before, you’ve probably heard that good goals are SMART: specific, measurable, achievable, relevant and time-bound. That’s great, and it’s true. It’s just not all. If you want to actually reach your goals, you’ll have to account for these 6 aspects of goal setting.
Poverty, Riches, & Wealth is a quick and fascinating read that essentially functions as a compilation of anything and everything Kris Vallotton has to say about money. Many of chapters feel only loosely connected at best, but each one is packed with revelatory insight, which is particularly refreshing given that money is a topic that most pastors either misunderstand, intentionally manipulate, or avoid altogether. And of course, in classic Kris V fashion, the interwoven stories throughout the book are the icing on the cake - this dude is hilarious. Some of the high points Kris hits on include:
Last year, Megan and I had the amazing opportunity to live in Dubai for 3 months, and we had an absolute blast. We lived in the most diverse city in the world, and it showed itself everyday in the people we met, the food we ate, the architecture, and more. We got to travel to the surrounding areas of the Arab Peninsula like Abu Dhabi, Bahrain, and Oman. I was more informed than ever about global diplomacy and causes for the divides between different Arab alliances, sects, and organizations. I regularly got to play football (soccer) with people from at least a dozen other countries, and by the end of the summer had picked up on the nuances of different nations’ playing styles. I got to make friends from different backgrounds about how they view the world, what they see as the central needs (and respective solutions) of their home societies, and what they think are the most effective ways for Westerners to give aid to poor regions of the world. It was fascinating, and I could share my takeaways for hours on end.
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