One of my favorite times of the year is here! No, it’s not the leaves changing, Halloween, or great fall weather (although all of these are fun). I’m excited about annual budgeting time…woohoo! We start our family’s fiscal year on October 1st, so late September we get to plan out how we’re going to budget for the next year. It’s so great!
I spend a bunch of time putting together spreadsheets and running reports from Quicken to see what we spent last year and estimate what we need to do for this year. Then, Julia and I will sit down and figure out what we want to do. I think what I love about it is the clean slate it creates. No categories will be overspent. We have total freedom (within the budget we create) to spend without feeling bad.
Here’s the tricky part though…Julia HATES it! Getting her to want to sit down with me to go through it is like winning the lottery. So here’s my challenge…because she doesn’t like it, it’s easy for me to want to make decisions without her. It would be really simple to just budget however I want and just tell her afterwards what it is. After all, I am the man of the house right? Can’t I just do whatever I want?
Even though she doesn’t like the process, I feel it is SO important for us to do this together. It is not MY money to decide what to do with just because we got it from the job I worked. It is OURS because we work together as a family. And really, it is not OUR money either simply because we earned it, it is GOD’S money that he has blessed us with. I want to make sure our family manages that money well in a way that is non-selfish, loving, and responsible. So an important part of that is to talk with her to hear her opinions on how things should be allocated. Julia has very good insight and opinions. Even if she wants to use money for something I didn’t want to, it’s good for me to know that. If we only made financial decisions based on what I thought was important, I wouldn’t be honoring and loving her.
My challenge to you:
Make sure you and your wife are BOTH involved in your family’s budgeting process. Even if one of you is more interested than the other, I think it’s incredibly important for you BOTH to have input and honor God together through it.