Friday’s Food for Thought: Finances

Hubs and I are currently working to get our finances figured out. We’re young and don’t have a lot but it’s important to us to be good stewards of what we’ve been given.

Up until this point, we’ve been taking a pretty simple approach to handling our money:

Spend as little as possible. Save as much as possible.

It’s been working pretty well so far for us.

We’ve paid off some debt and are working to build up our down payment fund. We’re couponing when possible and are excited about the possibility of buying a house this year.

It’s hard to manage our budget completely because my three jobs don’t give me a set income. We’re blessed that Hubs has a secure job though, with a set amount we can count on every two weeks.

Now that we’re getting more into the mindset of buying a house, we’ve been working on creating a more set budget. We’ve had some advice and some good conversations, but we’re still trying to figure this all out.

Right now, we’re experimenting with a new software, Mvelopes, to help us manage our money.

We don’t have secrets, but we’ve talked about how to handle our “fun money” purchases. And while, we’re working on the budget, the rest we still need to work on. A lot.

I guess we have the last one down, though, the talking part, and I’d love to talk about it with you, too!

What do you think? How do you manage your finances? Have you had any major financial issues? Any great discoveries? Tell me what works for you and what we should be thinking about!

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2 thoughts on “Friday’s Food for Thought: Finances

  1. Merritt | LiveSimplyLove

    When we diligently work at it, it’s amazing what we can accomplish (paying off $30,000+ in debt in less than two years!). But once we hit the goal, it was easier to slack off. We meet once a week on Tuesday nights to pay any bills that are due, evaluate how we’re doing at keeping our budget and discuss upcoming planned expenditures that we want to save for. Sometimes, when we meet, we have unexpected expenditures we have to talk about or rethink. This helps us know we have already set aside time for the discussion and there doesn’t have to be a “honey, can we talk?” episode.

    Good job for getting on top of your finances now! It’s hard work but totally worth it…and you’ll be better equipped to teach your kids responsible stewardship!

    • Your story is so powerful! You guys are a great testament to following a budget! I love the idea to set a time aside for bills and money discussions. It’s much better than just whenever we “get time” for it. Which isn’t as often as it should be! I just wonder what night would work best for us…
      Thanks for the comment! We’re just getting started, but we’re hoping for early success!

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