Money Rule #3: Live within a BUDGET
Let’s read Luke 14: verse 28.
“Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it?”
Most people do not like budgets, and in that verse, you did not hear the word “budget,” but it certainly is there. Look at the words, “Sit down and estimate the cost.” That phrase means BUDGET.
A budget is more than just numbers on paper—it is a roadmap to shared goals. Whether saving for a home, planning a vacation, or preparing for college expenses, a budget helps family members focus on their priorities. It can foster open discussions about needs versus wants, creating a sense of unity around shared financial goals.
Without a budget, families risk falling into debt, missing savings opportunities, and living paycheck to paycheck. I love the quote, “A budget is telling your money where to go instead of wondering where it went.” – Dave Ramsey
You cannot out-earn the need for budgeting. I know a man who lives in a neighborhood where a single lot for houses cost more than a million dollars. When the financial crisis of 2008 hit, foreclosure signs went up all over the area. If you want to have what you need when you need it, you must plan a budget and stick to it.
By the way, everyone does have a budget, either one they set or one the creditor set for them. Wise people set their own budget!
I’m Lonnie Davis and these are thoughts worth thinking.