Tag Archives: budget

Simplist Families, How to Control Spending

A couple planning a budget

A couple planning a budget

Your bank statements and bills show that your money is slipping away like sand that slips through your fingers. You have been married for only a short time, and your spending is out of control. Is your spouse to blame? Not so fast! Think as a team, and consider some factors that may have caused both of you to get into this predicament. Continue reading

Living Within One’s Means—How It Can Be Done

making a budget

a budget

IMAGINE that you have a bag with a hole in it, and you have the task of keeping the bag inflated. How would you do it? Well, as long as the volume of air you blow into the bag is at least as much as the amount escaping through the hole, you can keep the bag inflated.

That, basically, is what is meant by living within one’s means. Your income can be likened to the air you blow into the bag. Your expenses are like the air escaping through the hole. The challenge is not to allow your expenses to get bigger than what your income can actually support. Continue reading