HELP FOR THE FAMILY/MARRIAGE

How to Control Spending

WHAT YOU CAN DO

Resolve to cooperate.  Instead of blaming each other, work as a team to bring spending under control. Decide at the outset that you will not allow this issue to drive a wedge between you.- Bible principle:  Ephesians 4:32.

Set up a budget.  Write down all of your expenses, no matter how small, for a month. That will help you to figure out where your  money is going and to identify any unnecessary expenditures.  "You have to stop the bleeding," says Jim, quoted earlier.  "That's a saying in  medicine and business."

Make a list of all your necessary expenses, including food, clothing, rent or mortgage, car payments, and the like. Put a 'price tag' next to each category, projecting how much it will cost you within a given time, perhaps a month. -Bible principle: Luke 14:28.

Allocate funds each month for separate expenses (food, rent, fuel, and so forth). Some do this by putting cash in envelopes, one for each expense category. If an  envelope becomes depleted, they will either stop spending in that category or transfer the money from another envelope. 

Next time: HELP FOR THE FAMILY/MARRIAGE--Continue with How to Control Spending-WHAT YOU CAN DO

From the jw.org publications 

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