This is a very simple concept and will alleviate most of your money struggles and marriage arguments.
Credit cards are a tool when you are in a great need. It is always best to play them off each month.
What credit cards are not, is being your money! They are not your income or your entitlement, they are not what you need or what you deserve. When we get this, we will be on the right track of money management.
This is all about telling your money what to do, not allowing your desires to ‘defund’ you. If you can’t manage a credit card, do not have one. Stick to a debit card and have a good budget to guide you.
It is not hard to do, and it will make your life so much easier!
Instead of thinking of a budget as a negative thing, remember that a budget is simply a “game plan” or a financial plan. We need to have money to live in today’s society. Because money is a necessary aspect, a tool that we need to create, apply, and follow the plan. In doing so, we can be wise stewards with what God has blessed us, and we can competently handle money, time and things—all gifted to us for the glory of Our Lord. A well-designed budget considers necessities, generosity, and desires and benefits everyone—you, your spouse, your family, your friends, even strangers!
How do we do this? You need to have a plan. This starts with a biblical concept of how to deal with your money and debt.
First, know your total income (what comes in).
Then, count all of your expenses (what goes out).
The goal is to always make sure the income is greater than the expense. Kindly and honestly communicate with each other to make sure that you are both aware of the reality and work from there. Put the plan on paper and discuss it together. If you need a template for examples, go to crown.org or biblicalstewardship.net.
You are a money manager for God as it all belongs to Him, and we work for Him!
Here is how: