START BUDGET

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www.crown.org/moneymap
RETIREMENT FUNDED FREE TO SERVE !
KIDS EDUCATION FUNDED ESTATE PLAN IN ORDER
PREPAY HOME MORTGAGE
HOME AUTO RETIREMENT EDUCATION BUSINESS
INCREASE SAVINGS TO 3 MONTHS EXPENSES
INCREASE SAVINGS TO 1 MONTHS EXPENSES
START BUDGET SAVE 1000
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• How can we save 1,000?

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• Why do we have trouble doing and/or living by a
  spending plan?

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Spending plan ground rules

• What a spending plan will do
• Help you see your goals
• Provide a written point of reference
• Help family communications
• Provide a written reminder
• Reflect your spending habits

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Spending plan ground rules

• What a spending plan will not do
• Immediately solve your problems
• Make you use it
• Eliminate all decision making
• Balance by itself

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The Mechanics

• Paper
• Excel
• Computer software - Quicken/MS Money/Money Map
• Online - Mvelopes

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Planning Nuances

• Variable Income
• Variable Expenses
• Business versus personal

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Balancing

• Prayerfully take time to evaluate your needs,
  wants desires
• Increase income
• Decrease spending
• Sell stuff

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Need Want Desire
Clothing Goodwill Walmart Macys Dillards Niemen Marcus
Food Tuna Shrimp Lobster
Transport-ation Bus Vehicle from the 90s Ford Chevy Honda Cadillac Acura Porsche
Entertain-ment Antennae Basic Cable Premium Channels
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Use an Idea List
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PRAY!!!!!
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Living with a spending plan

• Spending controls
• Pray before entering store
• Shop only with a specific list and stick to it
• Keep running total so no surprises at check out
  counter
• Stop using debt
• Sticker on card
• Cash system envelopes
• Schedule bill paying

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Living with a spending plan

• Tracking mechanism
• Receipt bowl
• Bill payment card
• Filing system
• Monthly planning meetings with spouse/family
• Balance checkbook

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Savings Account Allocation
Date Deposit With-drawl Bal. Housing Food Auto. Insur. Auto Maint Insur- ance Clothes Medical Emer.








1st
40
40
40
185
225
185
4th
Allocate As Anticipated
Monthly Savings Amount
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Prioritizing paymentswhen there isnt enough

• 1 NEEDS (Daves 4 walls 2)
• Tithe
• Food
• Shelter
• Transportation
• Clothing
• Medical

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Prioritizing paymentswhen there isnt enough

• 2 Debt other (WANTS)
• Non essential expenses
• Cable, high speed internet
• School functions
• Debt
• 3 Savings/Wants/Desires

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Homework

• Plan Christmas
• Complete first draft of spending plan
• Adjust as needed
• Determine initial implementation plan
• Contact Money Map Coach if need further help
  www.crown.org

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Credits

• Crown Financial Ministries
• Financial Peace University Lampo Group/Dave
  Ramsey