It is 2018 and it is snowing in Savannah (a rarity)! It is during this season, however, where we set our goals for the year as a means to help in decision making and to aid in ensuring we are getting things accomplished as a family and individually. Why is it important to set individual as well as family goals? According to a specialist from Consumer and Family Economics of University of Missouri Extension setting family goals aids in building stronger families. “Goals strengthen the family’s ability to function and live their dreams” as well as provides guidance, aids in better communication and helps individual family members take greater control of their circumstances (http://extension.missouri.edu/bsf/goals/).
We want to be very intentional in our faith, family and finances and the best way to be intentional is to PLAN IT. Success does not just happen; it has be planned. So with God, good intentions and a plan in place, here are the 5 Steps We Implement to Set & Execute Goals Each Year!
Tuesday, December 5, 2017
How to Create a Simple Christmas Budget
It’s December and the malls are filled with eager shoppers scavenging through racks trying to find the perfect gift. Although the season tends bring out the spirit of giving, it also bring out the spirit of spending! To ensure we plan our spending and ensure we are not creating more debt in all of our giving, here’s a quick video tutorial on how we create our Christmas budget throughout the year. Check it out!
Thanksgiving has come and gone, but many of the Black Friday sales will continue throughout the holiday season. Although we do not fight through the malls and stores to get the greatly-reduced TV or handbag, we will set our alarms for midnight on Thanksgiving with gifts already in our “shopping cart” ready to hit “Buy” as the prices are reduced online.
You see, we have a “Christmas Budget” and before the holidays we determine who will get what and look for the Black Friday Sales (and any other sale) to determine how we can stay UNDER budget. This year we were able to catch some unbelievable bargains as we shopped online for our kids, parents and ourselves. Check out these great gifts we purchased on Amazon and Target this weekend and determine if these bargains are within your Christmas budget!
November and December are the highest grossing months of the year for American retailers. Last year, holiday sales topped $655.8 billion. This year, “the National Retail Federation projects sales to increase between 3.6 and 4 percent for a total of $678.75 billion to $682 billion…” (NRF.com). Billions of dollars are spent on gifts, food, and “catching sales” all within a period of 45-60 days! Although I love to spend, spending has created a ton of stress, arguments and massive debt for our family; as a result, we learned early in our marriage to create a spending plan during the holiday season.
Here are six things you can implement over the holidays to ensure you spend what you HAVE not just what you WANT.
We are nearing the holiday season and I have so many memories of setting the table for Thanksgiving, searching the house with my sibling to determine where our parents hid the Christmas gifts, and watching “It’s A Wonderful Life” to jump-start the holiday season. Setting traditions are a vital because it “creates family bonds, provides a source of identity, teaches values, connects multiple generations, passes on cultural or religious heritage and creates memories for your children” (Passing on Family Traditions). With the the “busyness of life”, however, it can sometimes be a little difficult to become intentional about creating memories. What’s interesting is whether we are intentional or not, we are leaving something to our children. The question is “What Are We Leaving?” Are we being intentional in creating healthy family traditions? Are we being intentional in showing our faith walk? And are we being intentional in breaking bad money habits and showing our kids how to build wealth.
At times, all of this can be overwhelming, but I am learning not only to pass on our faith, family and financial legacies, but to build upon it and ensure our children are in a better position in each area of their lives. So, here are 14 ways to leave a legacy to our children.