coins-1015125_640This may seem like a boring topic; but trust me, when you start working and are receiving a paycheck, it is easy to lose track of how much money you are spending. On my first job I did not make very much money,  I had to learn the hard way that money always goes out faster than it comes in; but I learned “the value of a dollar”.  I hope our talk about a budget will help you so that soon and very soon when you are working and supporting yourself, you will feel very content and happy about your standard of living and how you are spending your money.  Learning to support yourself will be a source of great pride and accomplishment.

What is this image saying to you?  How important is it to you to prioritize your budget?

Think about these questions.  Fill-in-the-blanks with these words: challenge, discretionary, credit, balance

1.  What does this saying mean?  Parents owe their children a good education, a good name and good-bye.

2.  What do you think will be your greatest _____________ to not over-spend?

3.  Do you think it’s a good idea to make purchases on credit?  Why or why not?

4.  How important is it for you to have the latest technology for a phone?

5.  Do you plan to use a debit card or a ___________card?  If so, how can you resist the temptation to overspend on your card?


For the first month, write down everything you spend your money on.

At the end of the month, did you spend more than your income?  If so, how much more?

_____________ your spending.  After paying for what is necessary (food and rent), how much money is left?  This might be called _______________ spending.

Have you ever heard of the envelope method of budgeting?  It is literally where you create envelopes that are marked for how much money you can spend on certain categories:

Rent, food, telephone fees, charity, insurance, transportation, clothing, personal items, hair, nails, entertainment, saving for a big purchase like a trip.  Write a word on an envelope, then put an amount money into that envelope that is maximum amount of money you can spend for that particular category.  You get the idea.  Even if you don’t actually put the CASH in the envelope, you can create a system so that you know what you are spending for each category and once you reach your limit (what is budgeted), you cannot spend anymore in that category.

Can you think of other methods that might work for you so that you are able to manage your money wisely?

Happiness is not buying another pair of shoes.  In this world, you will never make enough money to buy happiness.   Happiness is spending a dollar less than you make!  Happiness is being proud of what you have and not always wanting more.  Happiness is understanding that there is more to life than “things” and that the greatest things in life are free.

Bible truths

Contentment:  Keep your lives free from the love of money and be content with what you have, because God has said, “Never will I leave you; never will I forsake you.” Hebrews 13:5

Feast or famine: I know what it is to be in need, and I know what it is to have plenty. I have learned the secret of being content in any and every situation, whether well fed or hungry, whether living in plenty or in want. I can do everything through him [Jesus Christ] who gives me strength. Philippians 4:12-13 

Your value is not in money: Indeed, the very hairs of your head are all numbered. Do not fear; you are more valuable than many sparrows. Luke 12:7

Don’t forget that these are free:  And now these three remain: faith, hope and love. But the greatest of these is love.  I Corinthians 13:13