Hey, let me ask you something today.
Does the word budget make you wanna run for the hills?
Does it sound restrictive?
Does it sound complicated or just no fun?
What if I told you a budget is actually your plan for freedom?
Well, let's tackle that today.
Nice and easy.
Hey there.
Welcome back to your Daily.
Ask Ralph.
I'm Ralph and I'm so glad you're joining me as we continue our journey, the joy of
living below your means, where I'm helping you break that cycle of financial shame.
And do it with confidence.
Now, yesterday we zeroed in on identifying financial leaks, and today
we're gonna take the next logical step.
Okay.
Let's talk about budgeting.
Now, for a lot of us, just hearing that word brings up
all kinds of negative feelings.
Maybe it sounds like a financial straight jacket, all about
deprivation and telling yourself no.
Or perhaps it just seems incredibly complicated and time consuming.
Something only super organized people can do or, or choose to do.
Maybe you avoid it because you're honestly a little afraid of what you'll Find out
if you put all the numbers down on paper.
I. Well, lemme just tell you that feeling of fear, that feeling of resistance, that
feeling of overwhelmed associated with the very idea of making a spending plan,
that avoidance, that's the single pain point we're addressing on today's show.
Here's the truth.
It keeps us stuck reacting to our money instead of directing it.
Here's the thing, a budget isn't meant to be a punishment.
Think of it less like a restriction and more like a plan or what I'll
call a roadmap for your money.
A friend of mine calls it an intentional spending plan, and I love that.
Proverbs 21 5 says, and I love this verse of the Bible, the plans of the
diligent lead surely to abundance.
But everyone who is hasty comes only to poverty.
See, having a plan is wise stewardship.
It's about being intentional and instead of wondering where your money went, at
the end of the month, you tell your money.
Here's where you're gonna be going, and you do it at the beginning.
And listen, it's all about being in complete control, even when
you may really feel like all your things are out of control.
It's about aligning your spending with your values and your priorities, like
making sure for you, maybe giving needs to come first or that you're working
towards a specific savings goal.
It is actually a true tool for empowerment, not restriction.
So how do we overcome that fear and resistance to budgeting?
How do we make it feel less intimidating?
Well, the single solution is to create your first very simple budget, and
I just want you to focus on the big picture, not about tiny details.
Forget about all kinds of complicated software or, or tracking
every single penny perfectly.
Right now we're aiming for a basic sketch, just a, a simple starting
point, and the goal is to simply assign.
Every single dollar of your income to a job, even if those jobs are at this point.
Just big, broad categories, sort of like being the coach of your money.
simple plan gives you four great things, and I wanna talk about those now.
The first thing it brings you is clarity.
You see where your money should be going.
It gives you control.
You're making.
Conscious decisions about spending, and you're doing it upfront.
It gives you purpose.
You can intentionally allocate funds towards your goals.
Maybe that's savings.
Maybe that's debt payoff.
Maybe that's generosity for you.
And it gives you peace, peace, knowing that you have a plan.
It reduces financial anxiety significantly.
Well, I don't know about you, but the idea of clarity, control, purpose, and peace,
that sounds pretty good to me, especially if you're feeling that financial
shame that so many people are feeling.
And again, the solution is a simple plan.
I just want you to create a basic budget.
So are you ready for your action step today?
Here's what I want you to do.
I want you to set aside about 20 to 30 minutes.
I want you to grab a piece of paper, maybe a notebook, or even if you want,
you can even go into a simple spreadsheet.
I'm gonna share a link later where you can download a simple budget
template that I put together again.
I want you to keep it very simple.
So the first thing I want you to do, real simple, I want you to write
down your income at the very top.
Write down your total take home pay.
That's what you get after your deductions.
Second thing, I want you to just list your big categories, list these
broad categories, things like giving.
Savings, housing, you know, rent, mortgage, utilities, list food.
That's groceries or restaurants, list your transportation costs,
gas, car payments, bus fare.
Then I want you to list your debt payments, if you have any, and
then your personal spending and what I'll call miscellaneous.
Those are the things like clothes.
Entertainment and any other major ones that are specific to you.
So that's the first two steps.
And the third thing I want you to do is I just want you to assign
those dollars to each of those categories and be realistic about it.
And, you know, make sure you're putting a dollar amount into each category.
And then I want you to go back and look at your tracking data from the last few days.
If you have it, check your past bank statements or just make your best
estimate for now of how much to assign to each of those dollars because
here's the goal, I want you to try to make your income minus all of
your planned expenses, equal to zero.
I just want you to do what we call a zero base budget.
Just try to make it equal zero.
If it's positive, hey, that's savings.
But what you're really doing is you're making sure that.
Every dollar has a job, and I wanna remind you, this is a draft.
We're not looking for perfection the first time.
Just a basic plan down on paper today.
Now you're probably asking Ralph, why are you asking me to take this step?
And here's why.
Because it directly fights that pain of fear or avoiding budgeting.
And by keeping it simple and focusing on the big picture,
you can make it manageable.
It really demystifies the process and gives you a tangible plan, which truly
replaces that vague anxiety with concrete direction and a sense of control.
Well, let's pray together.
Father God, thank you for your wisdom and guidance available to us.
Lord, budgeting can feel scary.
It can feel overwhelming, and I pray for my friend listening right now.
Lord, give them courage and peace as they take this step today to create
a simple plan for their finances.
Lord, free them from any fear or or feelings of judgment.
Lord, grant them wisdom as they allocate those resources, as they assign
those dollars to those categories.
Lord, help them to see this budget, not as a restriction, but as a tool that you
can use to help them bring order, help them bring peace and help them bring
freedom to their lives, enabling them to be better stewards, Lord, and align
their spending with your priorities.
Lord, we just ask this in Jesus' name.
Amen.
Alright, let me just tell you, you can do this.
I am cheering for you.
So take that 20 or 30 minutes today and just sketch out your first simple budget.
Don't stress about it.
It's not about perfection.
I just want you to get started and to start develop that habit and listen.
This is a huge step towards that financial peace that you've been searching for.
Now, having a plan is one thing, sticking to it is another.
So be sure to join me back here tomorrow on as graph.
'cause we're gonna talk about a very practical, hands-on technique to
help you stay on track, especially in those spending categories
that tend to get away from you.
We're gonna dive into.
Action item number seven, and we'll talk about how to start
living on a simple budget.
And listen, I've got a simple solution for you, so be sure that
you don't miss tomorrow's show.
And listen, like I said at the beginning, I would love to share
a simple budget plan with you.
Here's what you gotta do.
Just go to ask ralph podcast.com/budget and I'll share a simple budget plan, and
it's something you can use right away.
So until tomorrow, be diligent with your planning and keep seeking him first.
Stay financially savvy and God bless you and I encourage you.
Have a great day today.