Learning how to work a budget can be challenging, but it is an important tool needed to be able to keep your peace of mind and learn how to adapt to your current conditions.
Luke 14:28 28 “Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you enough money to complete it?”
Ecclesiastes 7:12 “Wisdom is a shelter as money is a shelter, but the advantage of knowledge is this: Wisdom preserves those who have it.”
Preparing a family budget can help you make wiser decisions, such as selecting the best city to raise your family, or to allow you to survive comfortably.
We have enclosed a spreadsheet that can help you analyze your expenses. Please hit here to look at it. We will also like to direct you to the following link, Texas Family Budgets, presented by the Center for Public Policy Priorities. There are many important considerations when preparing a budget, and some life style choices that you must decide. Keep in mind that having a poor credit score can be extremely costly, as everything will cost you more than if you are able to keep control of your expenses, and on time payments.
A clear example of a monthly cost is transportation. Without it, you can't get to work. But, how much are needing to spend if you own a car, considering car insurance, maintenance and repair, fuel, tolls, parking, and other related expenses. Will it not be easier to live closer to work? The cost of renting an Apartment closer to work might be higher than in a suburb, but you might be saving time and money in transportation, and heping both your credit score and overall expenses.
Financial Planning
This page is our first attempt to help you. Catholic Charities of Fort Worth has many financial classes and programs that can help you straighten your options and look for alternatives as well as coaching. Please hit here to learn about their new Case Management Program.
We also have a volunteer financial advisor within our Group. Please address any questions you might to the following email: svdpsmg1200@gmail.com, Attention Fernando.
We look forward to adding content to this page, as well as to offer advise regarding balancing your budget.