Tis the Season…to Not Go Broke! A Mind Blowing Budget (part 2)

iThe best budgets are Not the ones constructed and kept in your hbudget p2ead; but the best budgets are the ones written out.

Around this time last year, my church announced offering Dave Ramsey’s Financial Peace University (FPU) classes, and I knew this was God’s confirmation.  It was time to put action with the plan to begin my debt freedom journey.  FPU was by far one of the greatest investments into myself.  Yes.  There will be times when you should invest wisely into Y-O-U!

Somewhere between your next cyber purchase or in-store layaway deposit, in the back of your head, you’re thinking of the mounting bills.  Tell me, “Where’s the Comfort and Joy in that thought?” Do understand, it’s okay to buy gifts, but take the time to also think about their significance and how much is enough.  Do you really need to get one more toy, TV, or ___________________(insert any item here)?

Since I want you to #WIN as we move into 2016, I’ve provided you an idea of a budget.  Of course, you’ll want to doctor it up, but I want you to  Start winning NOW!  Let me know in the comments what you think.

Though this is a “sample” budget and the figures are not factual, I want to express to you a few things:

  1. February 2016 will mark my 1 year anniversary of NOT having a cable subscription.  I asked myself, “Self? Do you really need that monthly cable subscription?” Clearly, you see how “Self” answered.
  2. It takes time to get your budget down. You’ll find the need to adjust and then readjust some more. Some months you get it right; some months not so much. However, Don’t Get Discouraged! Keep going.
  3. Don’t deprive yourself, but Do work on becoming disciplined. For me, BLOW money is a combo of last minute ‘mommy I forgots’ (i.e. I need money for…), as well as those moments when I deserve something pretty (just don’t go overboard).
Payment Amount Category/Debt Remaining Balance
$1,400 (bi-weekly)
$120 Tithes (Always my first) $1280
100 Grocery (I write out a 2 week menu that includes leftovers) 1180
50 Gas (I try not to joy ride) 1130
400 Mortgage/Rent 730
100 Electric* (I’m like that dad on  the TV show “Everybody Hates Chris”.  I can feel the kilowatts going up when lights are left on in empty rooms! 630
50 Water* 580
65 Day/ After school care 515
150 Auto 365
50 Cell phone* 315
50 Internet* 265
50 Life insurance* (have additional life insurance outside your job) 215
8 Monthly subscription* (i.e. Hulu, Netflix) 207
50 Savings 1 157
60 Extracurricular activity* 97
50 Clothing* 47
40 Blow (for those wonderful last minute “mommy I need” moments”) 7

*Monthly payments not broken down into bi-weekly payments

Restyled Moms, Don’t let your 2015 debts become your 2016 regrets.  Give your plans to God and watch him shape them for your BEST.  Here’s to your Prosperous 2016

Sincerely,

Your Restyled Mom…who is living on a #budget and looking forward to a #debtfree future

 

Got Goals?

It’s about 49 days shy of being 2016.  What are your Top 3 Goals for the New Year?

There’s an Instagram post I usually see, around mid-January, which reads something like “if you’re just now planning your goals for the New Year, then you’re already late!”  I’m paraphrasing, but this statement is so discouraging!  However, this post is to ERADICATE the aforementioned ever applying to you; and in turn, ENCOURAGE you to #ShineIn2016!

I usually get started on my New Year’s goals in the New Year, of course.  Though this time, my approach to the new year will be different.  Last year, I completed my 2015 goals worksheet on January 1, 2015.  While I will complete my goals worksheet again for 2016, I have started early –comparing my 2015 accomplishments (some not so accomplished) to what I am working towards in the coming year.  Failure is not an option and there is no room for doubt. (Tweet This) 

Just as it takes time to break a habit, it also takes time to form one.  As of today, November 13, 2015, I have decided to go into 2016 already Rockin’ It!  With that said #RestyledMom, let’s not get so far into 2016 waiting for our budgets, our diets, our attitudes, our _____________ (fill in the blank) to fall in line before deciding to kick your goals into high gear.  You’ll glance away for what feels like a second, and before you know it, it will be 2017.  The only thing you’ll be kicking is yourself –wondering where did the time go?!

Jump start your goals now!  I want you to Step Out on Faith and Tweet @RestyledMom, to let me know how you are going to #ShineIn2016.  Don’t just bring in 2016.  Come in already Shining!

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Sincerely,

Your Restyled Mom…who wants you to #ShineIn2016