(720) 528-4227


Budgeting is an effective tool to help you control your spending behavior.   Budgeting also helps you prioritize what is most important or interesting to you.   When you successfully align your budget with what is most important to you, the restrictive “controlling” dynamic of budgeting is removed.

Many people understand budgeting at work.   Companies have limited money and so have to prioritize based on that available money.   However, sometimes budgeting at work does not carry over into budgeting at home.   Not budgeting at home can lead to credit card debts, financial tension, lack of financial control, and have a negative impact on your legacy with your children and grandchildren.

The Key Takeaways

  • Budgeting helps you designate how you will use your limited resources with your most important needs.
  • You can be disciplined with creating and following your budget.

Making a Budget Your Friend

Budgeting your assets, and following that budget, can help you increase your control over your assets, earnings, and your future.   By explicitly talking about your goals, needs, and resources with your family, you are creating a team atmosphere and you help everyone be on the same page, which in turn increases your family’s harmony.

What You Need to Know

Chances are, you are already prepared and ready to create a budget.   You can use your knowledge of your financial life to create a budget that works for you.

Budgeting Actions to Consider

  • Create a list of skills you and your spouse have that will help you create a budget. This will help you have the confidence that you can do it.
  • Decide what is most important to you and your family.
  • You should include your long-term vision and goals that you need to save for.
  • You should budget for vacations and other fun activities. This will help lessen the stress in life as you save for, and participate in, fun.
  • Identify ways that you can control your spending. An example would be to create a shopping list before going to the store.
  • Never go into debt. Cut back on expenditures, and if that is not enough, then find ways to earn more money.
  • You should begin saving, no matter how small those amounts are. It will add up.
  • Go over your budget to check in on your progress and make any necessary changes. This can be a time of positive reinforcement as you identify your progress.
  • Celebrate successes in fun and cheap ways.