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2. Meiste & Hall- Budgeting is Better




  • June 19, 2017
    9:00 AM
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Heavenly Father we thank you for bringing us here today thank you for the sunshine we thank you for the opportunity to be faithful to you knowing that you will be faithful to us see just from your word and from. Experience and knowledge that Melissa can share with us today. And not only for our own benefit but others that we need help with. So we think. If you have a Bible or Phone app and you want to follow along with me we're going to be looking at 2 Bible passages today that are correct that the 1st 1 is in the loop chapter 14. Chapter 14. Jesus is going to illustrate with a story 2 stories I'm just going use 1 of his stories he's going to illustrate what it means to follow him so if you're in Luke Chapter 14 of the universe 25 a little background what did Stephen Moore say last night I was going to find the background of that. So verse 25 now great multitude went with him and he turned and said to them if anyone comes to me and does not hate his father and mother. Stop right there because hate in our society is a bad word. In the Greek it really just means to love less so what he's trying to say is. If anyone comes to me and does not love his father or mother or wife or children brothers or sisters less and even his own life less than me he cannot be My disciple and whoever does not bear his cross and come after me cannot be My disciple that is the point that Jesus is making that you have to deny self you can't love anything outs more than Jesus if you're going to follow him many illustrates it with this next story and so this is where we find the principle yesterday we talked about that is done Pastor Joel gave us several The biblical foundations for that principle it's not something that Melissa made up it's not something that they've Ramsay made up it's a biblical concept but what about budgeting his budget in a Biblical concept so here's the story verse $28.00 Jesus said For which of you intended to build a tower does not sit down 1st and count the cost whether he has enough to finish it last after he has laid the foundation and is not able to finish all who see it begin to mock him saying this man began to build and is not able to finish the verse $33.00 so likewise whoever of you does not for sake of all that he has cannot be My disciple So the point Jesus is making is if you're going to be my disciple you need to sit down and consider what does it take to be my disciple if you're not willing to for sake all then you're going to be in a mess when it comes to follow me because you're going to come to a point where you're over budget. It is following me because it requires. That you have nothing in your life that you love more than me God has to be the number 1 priority want to take you back to eke Lizzy asked to use Chapter 5 This same principle that Jesus is talking about is found in you please ask these as these 5 verses 4 and 5 it says when you make a vow to God Do not delay to pay it or he has no pleasure in fools pay what you have vowed better not to foul than to vow and not pay same principle that Jesus was talking about in. Chapter 14 you need to consider the cost of what you're doing you have enough to be able to cover it if you don't then don't do it. Some of you know me pretty well so you know that I got married a little bit younger age than most people do today in fact we were done having kids at 26 and most people don't get married now before that point 6 but we got married pretty young and for the 1st 3 months of our married life we my wife and I lived in a room in the basement of her parents' all we could get our own place right away it took us 3. 3 and a half months whatever to get our own place so during that time during those 3 months. They didn't really charges anything we put all money towards food maybe or whatever but they didn't charge us rent and utilities not having And so I felt a responsibility that if I was living in my father in law's house that I should probably be responsible or what I was spending money so I got a little ledger I still have it in my member obviously. And I recorded everything that I spent money even a pack of gum. And I recorded everything then when I got out on my own I realized that I better have a plan or a grant and then buying food and things like that and I've never been 1 to say well let's go to the store and whatever we need to buy we'll buy we had a budget amount or grocery budget of them out or utilities budget in them out or everything so I would listen I still do have a ledger book that I list my budget because we get paid want the money to you know manage it for the rest of the month and envelopes. So we broke through 1 grocery week to you can't touch week 4 until you get there and so I have to have a ledger and list that all out what's the 1st entry. In my ledger I have an offer that's right and so that comes out 1st and then the other things like. Your house team or or your whatever it might be so you have a budget so that we know and can plan so that we don't get down towards the 3rd week of the month and say you know what we did not a lot enough money to build the tower of this month money is gone now what are we going to do if that was the case what would we do we have $2.00 credit card. And buy. They sick essentials on a credit card and that's a dead end street so we've learned the value of budgeting. Very Young It may be interesting and I'm not going to steal your thunder but it may be interesting. For us a little bit of what you most was talking about yesterday to list some Everything that you spend money and you may talk about that more. But it's an amazing thing so looking at the principle that Jesus gave us here he said you don't begin to Bill. Unless you have counted the cost and so as we consider our financial affairs we need to as Jesus has directed We need to have a budget so we know how much our are expected income is what are expected expenses are and if we see that our expected expenses exceed our expected Come what do we have to do. We've got to pare some things down and do some budget cutting and say I really need this or do I just want maybe we have beans and rice. A little more often than we have shoplift whatever it might be and so we have to budget kind of thing so I'm looking forward to the day in Melissa taking the biblical principle and making it practical for us today so without any further caught on my part we're going to turn this microphone over to Melissa and. Her Tell us why and how budget. I am even more excited than I was yesterday because I got 1 myself so I feel much better today than I probably did yesterday that in the slideshow was up and running 20 minutes before we started that 20 minutes after Easter so. For technology working today I'm going to what. I think we can all see that well that's good. Well today we are building a little bit off what we did yesterday we are going to totally review the fact that that is I think that is pretty self-explanatory most of you were here yesterday but what we're going to talk about today keep in mind that now we're at a phase where we are when we start working on budgeting is that the idea that we are not going to go into that any further and we are going to work to get ourselves out of debt so the key really we talked about yesterday and that is is not going any further right like let's let's stop the bleeding so that we can now keep moving for 1 of the things yesterday that I didn't bring up and I just want to share this because this is probably the 1st money book that I ever read and I got it from my parents. And anybody ever heard of Ed Reed and the book It's Your Money isn't it I read this a long time ago I know it said on my parents' shelf and all the rumors there's a story about like The Smiths and the Joneses and their mortgage 1 every 7 years and the big house and the other people were in mortgage debt forever. But I think even just from that simple principle the title that it's your money isn't it it's not it's kind of rhetorical it's not our money and so everything that we're talking about this week is being a good steward in money managers for God if somebody put you in charge of their business and got of you in charge of a business that. I need to be a good steward of that I have limited funds that come there I need to manage that I am responsible now for team members and some of them they are literally the main fighter for their family and so there is that extra sense of responsibility burden on have taking care of them and so this we are managing this I forgot and so what we're going to talk about today which I think is just so much on I'm a nerd right so I'm a money nerd I love the Senate stuff. You can make fun of me if you want that's OK I'll joke with you about it is right talk about budgeting and 1 of the things that we're going to come back from this is it's really all about planning this is all about making decisions before we spend our money I think what gets missed misconstrued we talk about budgeting is it's an after the fact gosh it it's certainly no offense to yesterday it's not where we say it's not keeping track of where we spent it it's making that decision ahead of time of where we're going. So the big saying I like this quote A LOT A goal without a plan is just a goal without a plan it's just a wish. I drug all I think this is something that surprises like the my team sometimes the office is I have great goals a goal is no good unless you write a goal has the measurable half of a deadline and a half. In so we're going to start on that path today giving you facts. And setting those goals not what we're going to go back to starting with our why wasn't here yesterday Candy's out this week as we're talking through our financial responsibilities in the else not. And we are starting with our why. And end of each meeting with giving you a chance drinks luck and what we talked about today and that by the end of the week as we talk through all our different types of leaks debt and budgeting and saving and planning divvy that you'll be able to take that network and you can know these are my takeaways from to how do I then take what I learned to find that my life so that we want to make sure that after this week you are are more equipped to serve God in your finances so going back to why and I think I mentioned this yesterday I'm reading this book I'm incident it's a business book but it all starts with finance that I and. Which starts it talks about businesses and the businesses that do well for a why not a what or how it's the why so yesterday I shared I have I have a business why I realize that a mission why actually this morning and I'm a person a lot of my business why is that I think Levy and it's a little bit of this by the way. I think that living in pain is a lie and I think that God made our bodies to be healed and I think that live well into whatever years are like a 2nd lien nationally life I think that same thing applies I think that money is a blessing that God does help others that there should be pain associated with money money is just is a moral just a level of currency it doesn't have any value unless we place Thirdly and this is really in our personal items that it's very important in our family that our boys are raised in Christian education which is really important and where the possible find a home in the country and be able to go out into that car by themselves and run around and play that's our personal why and why we work so hard for them. All right anybody want to share after yesterday anybody have a why they want to share when they think about their personal finances that they came up with 1 or 2 people and. Now they're working on that OK That's OK I just thought I would ask if anybody is willing to share so let's jump right into it OK so what is the budget never to talk about. It. And it is something that we do in advance Ben Franklin has a lot of great quote This is a great win by failing to prepare you prepare. So it just doesn't happen I don't just buy I check deposit I'm someone who's committed I just randomly it goes places and I and at the end of the month I'm not going to suddenly have all the extra money for to save or any of those kind of things it has to be very very. OK So what should go on your budget All right I have a couple hand outs today and we're going to talk through this I hope that there's lots of questions today. Because I want to know what you. I'm a recovering perfectionist. I am the real thing. And so this is copied out of the back of the totem want to make over but I have a much simpler budget which I will hand out here a 2nd to give you a couple of options this is 3 pages long and occludes about everything that you could possibly put on a budget that's why it is very long really got 1 so I hope that someday your budget is not 3 pages. Right so if you take a peek at this right I like that response Wow 3 pages of possible expenses now Page 3 if you felt I had there this is what we build off of yesterday right. Help nobody filling page 3 at home or that or grilling and discipline you will eliminate page right all right so let's talk through this OK let's talk through what should be on our budget pretty much everything that the really tough thing there should be a surprise. Budget is something that you make this a plan to consider head here because I think all right. Budgeting what we're going to do with budgeting is we're going to take some time especially if you're married to do this with your spouse right that's the most profound statement up there which admittedly I'm a nerd right I'm saver has been is not he is more free spirited he trusts me to do at he would you be happy to see him that off except for that some support in our marriage what happens is when we are connecting when we're not talking to each other when where we're too busy or kids of insects or something to happen and we don't connect on this it creates a lot of stress in our marriage because what happens in our I then take I take that responsibility on myself at end and I get stressed out why don't you kindly to my husband that. I worry about what's going to happen next is a doing that with Him God gives us our stuff that to us for those of you who are married so walk through this and if you're not married God can give you an accountability foreigner a friend maybe a parish that's not always the best you know to have your parents got in you through that but some of that huge process you can be accountable budgeting is a before our activity that after this is something that we want to do we want to spend our money before it even comes into March. Or before you cash the check or you make this all about before and the key to all of this which builds on what we said yesterday is the word no. No is not a bad word no is a good word for my kids it is also a good word in my budget is the biggest problem with my budget is that what's on paper the biggest problem of my budget is me we are in a very selfish self-centered society and it's very hard I can my husband and I did not get married as early as yesterday. And when you are living on your own and making your own money in this new you don't. As an adult and so combining that making those decisions together is much harder because we want what we want 1 that is our society right have it your way of trying to get all the other slogans that we have thrown at us every day right I want it I want it now that's how a 2 year old that 4 year old acts right I want this food I want to now I don't care who gets mad at me I don't care I scream and throw a fit on the floor there are grown adult throats that if you ever seen it it's really recently that of. Because we have been so trained to get what we want to want and want what we're saying is we're going to you spend your money however you want that's the great thing about a budget. I was told once this is a pretty great I I'm too far into debt I have a budget I can't have a budget because I am not. And I think I have the are the biggest eye roll I've ever had of my life because what that person even more than anything was a budget. Well what happens is we don't want to tell ourselves no we just we just keep wiping that car we just keep whatever cash is in our wallet has no they use letting that. And I'm saying there's real great. In the thing that plan so let's talk to the stuff on here all right and what I kind of want to do is let prioritize the budget to give you kind of some direction. On spending that money OK so I kind of came up with the idea we'll give this a pull my handwriting is probably going to again recovering perfection. All right so top priorities in your budget OK what are the thing let's say you only have a limited amount of money right you have a fluctuating in top may get laid off OK I think what we're going to do is we're going to talk through the things that you would spend 1st and how we're going to try to prioritize that and I want you to walk away with oh OK if I'm struggling I have 3 pages worth of stuff what can I do what do you think of the top what was an absolute necessary thing we should be putting in our budget can you think yes right shelter right we need a place to live water meaning food. Utilities Yes yes. Right. Christian and Bible believers we think that becomes our 1st thing in our budget and food. Food clothing shelter well clothing is the other thing that often comes up although I don't think the level I think most of us have Mirko that our father could possibly And and I think we spend more money on clothing that we probably need these are. Personal challenges and there's access to lots of basic necessities right. Yes I mean if you your child you know running through issues but I. Do think that you absolutely and. I'm going to say to live. I think that. Yes I think the transportation right. Right but we're going to spend our money here for right because this we're going to start here we're gonna make sure we have a place to live we're going to show that we have shelter now let's come back here a 2nd say I want talk about utility of this category there's a lot of things that fall under usually the the. Right now depending on where you live right if you have a while or city water those are different things if you have gas versus a propane tank those kind of things but utilities can also and could write your phone they can include able they could exclude other things that are not necessary let's just say that right these are not necessary that I talk to parents all the time and I was just told that somebody out that it was necessary for their child to have. Now Rather I'm not here to debate whether or not kids should have self that is not at all where I'm headed with I when I am talking about is the difference between a needle that's what we're talking about OK we're talking about what is what we really versus what we really want and everything kind of in between OK Now again going back to the. Budget is very personal and how you decide to spend your money is totally again between you your spouse and God or you and God or you and your credibility partner OK if you want to spend a 1000 dollars a month and going out to dinner with you that's up to you right if you make $100000.00 a month that would be no big deal as a percentage of your world right. However if you're only making $5000.00 a month and you're going out every single meal that might be an issue right so that's where Keep in mind a lot of these things religion the percentage is OK. I'm from a practical perspective OK but we know that we need a place to live we also as I like all the personal problems we have the well water we have indoor plumbing right I may feel really want to get crazy to say well indoor plumbing is not necessary but you could probably live in the country that have an outhouse right again I'm not nit picking those things I'm saying We're talking about those priorities and for sure food and again we're going to put this right at the top OK so now let's talk through things that are these are these are my right. OK Next yes we need transportation absolutely I don't disagree with that 1 bet. But we don't need transportation. Let me step back to depending on what degree and how tight your budget. These numbers become stricter right so if you're living on a really tight budget you know because page. Right is that a lot of that that we're carrying now we're trying to get at that some of these areas we're going to we're going to cut back as much as we can so maybe that's not driving to the beach to go see the sunset because we're going to save on. Maybe our gas station just getting back and forth to work because that is that is absolutely a priority. But transportation that becomes a different conversation because you need to drive the car that you're driving I don't know again none of this is up to me I'm not making that decision. But that's where it's getting out of that that we go back to yesterday is your top priority because we're going to talk about tomorrow Friday which the city serving how fast you want to get back with that yesterday. That we want to if we're in that we want to get out of that in 18 to 24 months want to do that quick OK so what else can we put here what else is right so this is a mock. We're turning you know then the next thing on our budget for when I'm in put it was like. So we've got clothing we've got gas What else do you think you put on here education. A priority something we're paying you know once a year or every month OK So is that so the question. Are we talking when we talk about medical there's a couple different ways that I would that planning ahead insurance for insurance. Like I would like an H.S.A. and a flock kind of a thing perfect and I think my We're all. So it. So 1 of the I as. A physical therapist in the as a business owner in health care I like to say I'm an expert in insurance by people and never knows much about. This you brought up I think it's a great area and this is really going to come in tomorrow we talk about the. Actual return of a little bit too so yes having your health insurance super important Absolutely. We have larger deductibles and we did before 2040 they really jumped through the roof and they're projected to keep going up unless something changes in the government to change but. FROST. So these are healthy ideas account and flexible spending account so there's something that you can put money into monthly or yearly or whatever to spend your medical bills out of doing just a few ticks so your money goes a little bit farther so around numbers they are in the 20 percent tax bracket and use a $1000.00 a year no more like $1200.00 right that you're getting to pay taxes so taking advantage of those when of course you're in a position to do that right if we're trying to get out of debt these things are great right and in our situation which we'll actually talk about our My Story here today how important these things are because like you and rather than borrowing money to me is 1 of the bills. Because we have 4 year old 6 year olds that's right they are fall of 2. Weeks we can almost plan on our kids getting sick or you know needing medicine so yes I would actually say insurance super important to make sure that we're doing that anything else so I think it's kind of on this list car insurance OK Yes So that's your approach that right we've got medical. Car insurance. And I'm These new ones oh I just. Know You Are A that you know insurances that are necessary I would say that such 1 right put it on here but I guess when we're starting to spend our money out so early start to spend our money say we have. 2000. We're going to spend that out in a level of priorities so let's not talk any firm no risk on that down. So what happens look at people the trouble is they spend all their money and then office and their mortgage they have nothing left if you say 20092010 people get kicked out of their home because they say American Express they didn't pay their home now they owe though right it's a very clear that when we borrow money we owe what we pay for what we know. But that's where people are not we're not worth Bible or money goes we run out of money for the things that are the most important and that's where even as we're going to this exercise and we talk about it this could be different for every family but when you have limited funds or you're not having extra at the end of the month based on what your senses are you want to make sure that take care of what's most important work OK that risk taking are what we really need and what we. Need next and then lastly comes in the other stuff in our budget estimates of some of the other things might be there to help hold. Me. Why what else do we say. Yes right we can shockingly people of that phone for a long time I still think the phone is necessary tether sometimes what else would you put on this as a price that you would prioritize car repairs personal product things that yes you know silly you know what some soap planning and I like where we're going with a lot of the stuff is we're talking about things that we may not need right now but we talk about car repairs and insurances of like that the other important thing that prevents us having to. Merge those. Yes exactly right in some situations it is necessary to have it all it would be something that may not start we started a conversation need or want each family is to make that decision we're going to move out to the country. Where Internet is very spotty right refill and I often need that for work so I'm not sure what's going to happen or I'm gonna work less from home that might actually be a better plan but that again goes back to Plan A If I'm not going to be able to do work from home then I'm going to have to make sure I planned that or that something doesn't come in or that or when I'm at work we're really at work and we're really really hard but when I'm at home the whole and I have to work right is that in those boundaries but that's a whole other different discussion right where we're where we become good budgeters of our time which becomes an extension of how we are going with their money and that's where all of this. Has become a discussion and discipline before before we officially parting the conversation started to talk about. How when we start to give more to God we start offering certain that different because we're not and Joel had bench and picking up the bag of chips yesterday and as we continue to make the decisions and we got what came to me was we're no longer needing to fill our lives with. I no longer need food to make take away my stress I no longer need a T.V. to numb my brain I no longer need these other things because I'm having genuine relationships with people with God and because my life is not stressed and I think that we start talking about money if it becomes very monetary about the stuff about what we do. It's really just a reflection of our priorities and that's why today it's taking away those tools. So 3 pages is a lot I want to show you. What I am sharing and I realize there's a couple things on here that I'm like oh I just made a personal you're going to see something on my budget. That my house and I agreed on that I can spend money at. So. At the pass and he's out so this is I went ahead and made our own budget. Because the 3 page you budgeted or write This is too much that it's. OK so I simplified it. I actually made it even more specific so I would remember when some things go out when things are processed. So at the top. End if anybody wants this in a. In a word document you can let me know afterwards and I can email it to you and then you can tweak it modified if you like but that's we're starting with this kind of option if you go and. Did you find it if you find the thing. Massages Yes I log on massage although I haven't I haven't for 6 months because I've not been able to make time for there's an envelope. And I say if. I don't write. So the time we broke down we have a couple of different places that our income comes from in our family so that varies each month and let me say when we are really disciplined and in our family if we're really doing this well we're actually taking the income from last month and. So think about that not just living paycheck to paycheck but what we make in May We're going to spend in you so I can take then that you can from the previous month. Then over the next no longer am I just waiting for the next 6 to cover the. OK now that's a process that's not something they can start out with right away if you're if you're starting to set up credit card you're limiting that you're used to paying for last month next right that's that kind of thing so it's again about moving forward I forget that I've been asked that question over the years what was it like when you had a transition that was 13 or 14 years ago that I use my last credit card charge remember that pain but I remember I cut my cards. Do the right I cut them up I spent everything in a pie to pay for that in June plus what I was doing so that transition can be really hard because you're actually paying for a couple of parts. But what happens is you're no longer paying for the last. Of your pay for this. That makes sense OK So breaking down here and come right to know exactly how much money now for those of you that you're if you're budgeting which comes in this month that's fine going to have an estimate you should know roughly what that is and when and if you can revisit the Throughout the month this is not you know this is not written in stone and brought down off the top of a mountain in the city that what you fall off of the this is a living breathing document that you should work through the month yet. You have to keep adjusting exactly right because we're going to plan ahead where that money goes and they change their stuff to happen so the next such a section for us and a Titan offering what we decided to do in our house and again what I'm talking about this week is just a reflection of what we have more every family decides to do is different but I love that God is directed us to do things as far as a percentage goes to the limit my opportunity to use my brain and they can say I made a special project in our church for our church school fund and we have allocated a percentage I'm out for not $20.00 or 50. $1000.00 The it's a percentage and what we have to see is when we made that commitment that dollar amount keeps going up. Because I don't have to think about the right right every time I do nothing with. Which would be great right because we would like everybody to be giving the school building project however when I do that as a percentage I can see that if a point there this bill might have them blow up on that and we've done that so if you're giving him it a special mission project or feels like that if that is a systematic part of your budget put it on there it's great because then you go OK and I've deleted some of these details right because what we decide to do with her. So then next we have savings in retirement so for us like I said we're buying a house so we were our goal is so much money to savings if you want and then we are automatically given to retirement but we as we mentioned are out of debt. I would you need to get out of the earth before you certainly need for the future but if you're past before you look gorgeous you. Then we split up into utilities OK these are the utilities that we pay at home some of those are require some we could probably eliminate OK but we're positioned this is what our budget looks like so and I because I want to know this is that the month of things. Or the dates are the things that we have gas which is a priority we do not have a car payment that might be in there and then I love cash and I hope they are my favorite. And admittedly we have fallen off the cash and look way in for a couple of months that half it that you get back on and you try to for things so we have. Been there. I didn't feel that way that. I think I do a envelopes about now this started out with a I think we started out with groceries. Blow money and entertain and I think that's what we started out with now entertainment for us is going out to eat or doing something fun and when you decided to something fun of the family when you look at the envelope and there's only $10.00 left and your family goes we're going to go somewhere and you're like the 4 that day because we spent it all already give you we talked about no it's really easy you know I can't do that because we've already spent it now doesn't mean that you couldn't reset your budget at that point it was important to you but you're not you're going to take from another area era say well then we're not going to spend as much money in this area do that. Exactly exactly or you say I'm not going to order a beverage because that's $3.00. And well orders something that costs less and the minute that we are limited in what we can spend which is what cash gives you talk about the whole thing. The blow money envelope is I say it's a marriage saver the the I think this is a great envelope. We pull the cash out at the beginning of the month so we don't pull it out every week I would forget that we have this a big amount of the same amount. But if my husband want to go do something with his friends or we want to buy a new baseball bat actually happen he faces the money over a couple of months if I want to buy scrapbooking supplies I have the blow money so it allows you to do whatever you want with OK you can say that it is individual right I use it out a lot when I keep a little too much so. I don't think about my Will money some ability to work on things other than just eat less and I would like change groceries so this is the 1 that's probably the hardest I would imagine for most. Because I think my guess is we don't think about how much we actually spend it that would be my guess right if you're if you're in the traditional habit of using whether it's your debit card or your credit card you go to the store you know your car and you buy it and you swipe it a just the whole OK What this does that forces you to baby plan a little bit more to set some boundaries I love the cash because it gives you permission to spend. As a saver. I have a tendency to be all or nothing so want to spend a bunch or I don't want to do anything in the massage envelope as we've talked about gives me permission to say I can do that but I'm not going to do it every week but I might be able to do it once a month and I can decide how I want to spend money so when it comes to Grossman But this is going to be the thing that you're not going to probably play with the most we have found what I think is a pretty sweet number about what that is but I was in denial for a couple years because I thought that we could feed our whole family and like to have a dog and I'm very frugal and I use a lot of 2 ponds and that was not enough. So we so I had that is what happened I spent it all and I go up whole extracts or I use a debit card in the month I call it wasn't discipline. Which But just tells you again I'm not perfect at this this is a living breathing growing area for us so that's something to figure out because I've also heard stories where. The husband who may not know what the peasants buy cigarettes are you right with their husband and he doesn't buy the groceries like what you need $600.00 much though you can do this on 200 dollars a month and then he's like why is out of that traffic so it's something that you need to play around with it it's something to do there are times of the you spend more in the right so if we're going take advantage of the Apple Valley candy sale we might go where to put a couple extra $100.00 in there to buy for the Yes So yes so we're in a position where we're decks free and I can go to the bank at the being of the month and fund all of these and OK and as I said we started out with just a couple of OK Over the years we added car repairs. At household repair. Appliances if you can you and then recently we had a guest because we wanted to plan ahead right but if you're in a position to come back to this Your position where you're trying to get out of debt you want to minimize your budget make a simple if you can what do you need to spend money on OK. And that's where it's going to be food clothing shelter has an offerings right making that our top priority going to those things and then spending down to the rest of that and then working that that's not always yesterday because you want to get out at a fast as you can that answered and that's what. I think is good all right so there we hear a pastor doing that to say that's a really good question because. I think I think it is going to be an individual decision right how serious are you about getting that upset that's going to be that question if you are so sick of it and you're like we're going to get out of it we're going to end a year you want to do with that does Ellen has a branch or is funded as fast as we can pull forward so yes if you can do that however what gets people in trouble and the reason why I'm on the fence about it is if you're so stressed out and you not a lot of any wiggle room in that it's not going to be you know 20 dollars a barrel I'm up what will happen is there may be this point where you reach your past that point of stress and then you go spend a $120.00 OK so I've actually had that discussion. With a young couple recently that said you know I want to get out of my school that I want to do all these kind of things and. No data no dinners it is newly married and all that. Yes but it's OK to spend a little bit right you've got to give yourself some margin and especially if you're the nerd and you're married to the free spirit that free for it's going to probably need a little bit would be my guess because I would give yourself some freedom to do that now that's going to the great thing about the budget is it's going to change every month and you can see what happened last month did we do a good chap did we say within that no we totally blew the budget we lost control OK you can reset every month that's a great thing about a budget you can reset every 30 days go back over it OK we struggled in this. And make sure that you're hearing the voice because 1 member of the T.V. may not like Lassie that all the other 1 might be all so great to do that and want to go on a day but to dinner and all that kind of stuff and then I'm like I don't care we can have peanut butter sandwiches and stay home and sit on the desk. So I think it there's got to be the element of compromise. Because think it's not like that and I think it comes down to America and they and I don't think that there's a right or wrong answer there but I think it comes back to how much do you. How much of quickly do you want to get out of it and what are you willing to say and some people are willing to sacrifice something faster than the are other that's probably the thing that's the most important to their self. Sure honey I'm happy to sell your tool we can get out of that right but I want to get my actual Ayers so. So again yes right so when we look at our budget it's a little bit different we found out as we got to that process and paid off our house and I think the pop up there was different things we needed to do the car repairs I will tell you awful save our marriage because my husband would come to me every month and something needed to be fixed it was a couple 100 bucks here a couple there and I like doing just spent $400.00 less must to fix this and so what we did is we said well let's put a couple $100.00 a month and then we'll open when you need to fix something you just go fix it and then I and then we plan for it and we're working ahead but again we're in this at a phase where we're working ahead not bringing things hurt so there's different things that we have implemented because it isn't true communication which kind of goes back to the question that you answered and it allowed us. So that this is ours everybody but it's a little a little bit different and again why we gave you the 3 page. So that you have a reference point you need to start with something like everything the so what will happen is you'll start to do your budget and you go oh I forgot we have to. Do that either hit you know that hits as an electronic funds transfer or the bill comes in the mail and you forget it so then just sit down and revisit OK All right so I like a paper budget and old school like that I know people who use Excel spreadsheet I as a proactive way I don't I'm not a big fan of the Excel spreadsheet. Keeping track of where you've spent that rubber room on the planet and ahead of time. Dave Ramsey does have a tool every dollar dot com I tried it doesn't speak to me I don't like I I like paper. That's just me. And envelopes are another tool for that question. Yes So let's find out what we talked about yesterday so yes when we talk about listing your debts. Let them all out and then listing them in amounts of multiple art so when it comes to your budget what you're going to do is are going to pay a minimum payment on all of a current if you're not current bring them Curt OK Make sure you're paying all your bills don't get don't get behind don't somebody said yesterday don't rob Peter to pay Paul OK just because a credit card company called hang up I think like they'll let them the I'll let. You just take her in and everything and then pay what So at the end of the month you want to get so. I've heard you advocating for a 0 based budget meaning spend every single dollar on paper what I have done is I let everything out and then whatever he left then we decide what we're going to do. So that either that would go if you're in debt that would go on your debt right and you put that on the smallest 1 to knock that out because the idea again to talk about this yesterday if you want to see some momentum in crossing out they have a $50.00 medical bill paid this month rate now don't have 7 that $56.00 and then you roll all the payments that you are paying on that 1 into the next 1 and you pay the next at office best you can while making minimum payments and everything else you get across that 10 great now we went from 7 to 5 that's research to see that so you're looking at the number of kind of a definite change that are hanging around your neck even to remove and not caring that on my back in the next what you see rolling that into that then what happens is when you then get all of your debts gone then that money as we free that up that becomes Now we could start to work towards saving for retirement and paying off the house which I love those yet. OK So the question was how much what percentage of your household income should be your payment so I'm going to so we are right now yes your house payment so we're in the process of getting a mortgage and they are willing to take this is this is the government saying this is just blow your mind. I just can't agree that's the last or they want count my encompass I'm self-employed and have a work my husband has a credit score because of a house you know rather which is a whole other story. They were willing to give us a mortgage of a monthly payment that would be 45 percent of his growth into cash that. Not mine but. My Yes but you know if they assume that I don't make money or whatever right but they are willing to so even if they kind of my income they would be willing to give us combined 45 percent of your road income not after taxes or health insurers whatever and that 45 percent. Which is what I've got when we go back 10 years ago which is what got everybody in trouble right we we got more house than we can afford I love the idea right which is which I think I heard somebody or mouth back there. 25 percent of your take OK. So fungal Joe yesterday said the goal would be to live on 1 is OK that because then you're not required to have. That image of Lee and that's not what we're doing in our house OK And I think it depends Firstly I think it is in your situation I think it depends on what you're essentially I think it is where you're at. But when you look at your budget for just people you look at your budget and you get to decide this individual looking budget I want to have more than 25 percent and that's a rough number right and total home income yet right like after day to keep it in a reasonable percentage now that's 27 percent thence or 23 percent right but if if you it's hard to write a bull by the A that what happens is if you become poor then it's really hard to live life when all your money is just going to count and as the theme of this week really as you get to Friday like giving it really then becomes hard when there's somebody who send you a letter in the mail they're going to Michoud projects like the candidates and I'm 20 but because you barely are making. Now if I were to be clear to clarify to be mildly fair to the government that 45 percent also whose taxes and insurance. OK but we're not doing escrow gravitas like that Jack. The 25 percent is seems to be a fairly good rule. I think that probably the best health in your area I think that that I think you want to look at it is a grand jury looking at your budget if you're not doing a budget right now start to figure out where where you want your money to go and then you play with the right what happens is when you start to pay attention you may find you have too much. For what you can afford because you have a heart I mean. You may find that you're like Oh we're we're doing great right with this is a really small car and so I think that I think it's kind of a fluid thing but I think I would start by starting to pay attention where that money is going to kind of see where that fall in these things makes sense in our in. This to give you. As a suggested read what. If you're looking for relative percentages which is just you know 1 person's opinion. Yes So housing 25 to 35 percent you know recommended range utilities maybe 5 to 10 percent food 5 to 60 percent transportation and. Who can if you want look at this after we're calling a couple percent right. Medical a lot of this stuff is 5 to 10 percent with the biggest the. Charitable right which for it we know an avatar 3 function a little bit differently right like that a lot times the 10 to 20 percent I would say rather that you know there's a Tennessee so. But the house making sense in your family if you start to you start to budget you know like we put money in assembler or way short or we had a lot extra Maybe we're putting too much right and then you can reset that you could reallocate it you're not the government you're not the church you know it's not hard to change you know line items to kind of like. I want to I want to tell your story and then we'll do a little more Q. and A. So the reason right we keep talk about why. This is super and really as we shared F.N. debt free we have insurance we have we've taken advantage of our flex savings account I had a left over H.S.A. and in May June of 2015 Cooper was diagnosed with something called a Chiari Malformation meaning his brain is too big for got and. We have come to camp meeting that they're finding out that the way that you. Correct this is you actually move part of his skull. Part of the 1st vertebrae and you open up the dura mater which is. The fact that a cat sleeps the brain it through the spinal fluid and all the. And our 1st opinion from the neurosurgeon was we could wait because we buy from a neurological perspective could run jump play all the. We can do I Can't we didn't have him anointed. To the gentleman in this room were there. And we pray that God would heal him we would have to go through the service is what you're involuntarily as sure cut into my son's all the millimeters away from his brain or in the surgeon that was telling us like I would wait. We waited about a 2nd opinion with the U. of M. and that surgeon and a very different perspective and a lot more experience is that any surgeries later and at that point we started to share it and kind of kept this just kind of up to the chest and I didn't want to go to church every week and have to answer all these questions and you know we were just hoping that it would would be healed and go away and so on September 23rd. And they took him from us about. That. In the morning and we saw the surgeon at 430 in the afternoon and I think the rest of the team wouldn't be able some sort of like. The day before she had said that his M.R.I. was more than impressive and she is the head of neurosurgery at U. of M. She's the 1st female head of any department in the country and she's this is she's 4 foot 9 Have fun of the fit and is in a wheelchair like this lady is. And there's only $165.00 pediatric neurosurgeon in the country right like to do this you have to be committed and so they took him from us that day. And he came through with flying now that yes prices are now that surgery was over 150000. Thing and we would have paid every penny of that we would have stayed in their $400.00 square foot condo till I died if I had to right. And people asked Do you need help right you know can we give you some money you know people talk about a Go Fund Me town our church rallied around us and gave us meals which was super beneficial for that weight but because we were free because we had insurance which I'm forever grateful to my health and lawyer that is a real death. And because I had some left over health savings. And I was self insured we had the money we could afford to pay his medical bill we could take care of our own family now when $6.00 months later I get a bill for $89000.00 from the hospital because the hospital the insurance company couldn't figure that out and couldn't get along. We had a panic moment and I said Well again if that means we live in this house forever to pay this bill will do that eventually after lots of calls and we got them to work it out and you know. How to get a pay anything we've already you know that has it up for that. But I share the stories this week. 1 you can see where God has walked us through I don't want to miss that point by any. But the freedom in the piece that can come when you're not worried about the financial side of it because we decided that surgery August and I could tell you that month I was not well as a mom I was not. But I only had to worry about Cooper and getting my affairs in place at work I didn't have to worry about how are we going to how are we going to how are we going to do that I don't want to decide on whether or not my son should actually Drew because I can't afford to do that and again not that we I know we should have had help I know people would have stepped up. Again but we're getting to the other side of that coin is what if there is a child or a family. I mean I see the story to Facebook. And they have medical bills they have travel expenses and what if you could be that family that could come along that it support them because you've got there's extra money and then the more you can bless them and that's that's the whole point again we're talking about being debt free we're talking about living on a budget and we're talking about how do we then ultimately which is what we talk about on Friday. So. The let's take a couple a minute and then we'll didn't question everyone has their sheet so what's your takeaway from today again I want to give you a chance to kind of reflect. Anybody not have them. What might be what might your take away being is there anything that you were convicted of today like I'm going to go do this 1 thing when I get home. It doesn't have to be expensive it could be I'm just going to do that will get a couple minutes to do that and then we'll have some time to se OK. All right look what's your question. Yes So her questions about tithes and offerings that section on our personal budget so yes we do have are separate ties and then those other areas have the become part of our systematic giving so we personally we give yes that would be part of the offering right to return and I just put that under 1 heading on our budget so we then systematically get the church budget we submitted to give to map a world budget. And we have specific amounts we have percentages that we give to those I don't include the yes yes that we do is offering and I can tell you a couple of years ago we helped convicted to increase our church budget giving and I had come up with a number and my husband came up with a bigger number and I said OK let's. Come and as Pastor Gene had shared before we even got started we we're challenged again right with another project and there are some other things that I feel like to speak like are going to add another percentage point somewhere in there right like those those numbers keep growing. Yes. Yes absolutely right you're offering absolutely that's very personal I just that's where we do it and I just wanted to give you a copy of what we've person with some of the right you with your own life. Yes. That 1 here the question by the way. For. This. Reason. Even though you. Were the. Well. There you. It's a. Great. Idea. And you know. There are. Just. So. Well so. You so so. So. So I just. Thought this. Might. Why so. Little Light. So you know. When it's things where you. Are there we. Are. So. Well I do not. Know yet and you choose how you are connected and right to market. But you also hold this form. Because. This. Michael Waltrip will watch it. Because. You have to have. More food for all this. That. We need to wrap up but I want to say 1 thing and that is just because you have it doesn't. Cut it after remember that it all along or so OK you need. That doesn't mean he was making $6000.00 like you have a match no because you have to meet the needs spend it all more. Will be better for you to have a modest home. For to have amassed a better for your more more lawful way that would have a modest home and I could give more. Work as a number at the end of the day. You have to do the count of everything. Thank you I think we have but I had a lot only 10 percent of my income God and I could afford that. We're going to need it is a need for a person you're spending that I've got to do the. Bill get like a car or you know I could or for art. I should have a Ferrari. Let. Me know. Now I can get my. Yucky. This this. Is a hard. Place. Right. There high Father we thank you so much for all these individuals who have joined us here today we pray that you will touch their hearts and lost their homes lost their relationships and their marriages as they discuss these things or for those of them who are not married please provide them an accountability partner and help them as they go home and return to the realities of life that that you will guide them and build that relationship with you form and that relationship will bring them closer to you all of us closer to you and that our finances and that our money is will be a reflection of that relationship. And that we will do those things that we can do whatever we can do to bring back your suit coming masses in your name. 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