So, you are single, carefree and are thinking a week at a beach house with your buddies sounds like a great vacation. Or maybe you are a single parent who wants to give your 7-year old and your 9-year old the magical vacation that every child dreams of…a trip to Disney World! So you just grab a soda and jump in the car and go, right? Of course not! With no plan or thought put into it, that would just be crazy. So why do we treat our money any differently?
Have you ever gone to pay for something with a $20 bill only to find it isn’t in your wallet anymore? Yeah, me too. What happened? You just got $80 out from the bank ATM a couple of days ago. So where is it now? If you don’t have a plan for that $80, it vanishes.
Whether you are a planner or not, when it comes to money you have to have a plan. Otherwise, your money just goes and you don’t have control. As Dave Ramsey says, tell every single dollar where to go on paper before even one of them leaves your hand. Having a spending plan sounds constraining, but if you can do it for 90-days, you suddenly find it very freeing.
“The plans of the diligent certainly lead to profit, but anyone who is reckless only becomes poor.” Proverbs 21:5. Although having a spending plan is a little uncomfortable to start, it sets you up to have success with your money, to take care of you and your family, and to experience the joy of making others’ lives better.
So what is your plan?