Product Cloud

Tuesday, October 13, 2009

Freedom Through Restraint

At first glance the title from this entry seems almost contradictory. Freedom through restraint? Isn't that like "airline service" or "government efficiency"? I know it sounds like an oxymoron, but both my wife and I have found this to be true as we are working on fine-tuning our household budget. We have found that as we live on an agreed-upon plan, that is in writing, we have found so much more freedom to save and give.
Several weeks ago, Stacy and I started attending Dave Ramsey's Financial Peace University class. During the third session, we learned that in order to achive the financial goals we have set, such as saving for a down payment for a house, and getting debt-free, we need to have a plan. We need a roadmap. We need a blueprint. A written budget/spending plan/cash flow plan is that blueprint.
Our budget is allowing us the not feel guilty about spending money, and also reduces the panic when it comes to paying bills. Each dollar has a predetermined destination. Instead of wondering where all the money went, we are leading it to its destination. We are, as John Maxwell says, "telling our money where to go instead of wondering where it went."
I'm not going to spend a lot of time here explaining all of the nuts and bolts of budgeting, mainly beacause I am still learning myself. But I can say that if you are wanting to have some real peace in your finances, I highly reccomend finding somewhere where Dave Ramsey's class is being held in your area. If not this class, then find a method where you can budget, and start directing the destination of your money, and stop wondering where all you money is going.