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The November Budget Breakdown

October 29, 2015

Welcome back to the budget breakdown here at True Good and Beautiful!

An expensive time of the year is rapidly approaching and here in this post, we want to help you get your budget ready for what lies ahead. The holiday season is one of the best times of the year but without planning it can wreak havoc on any income level.

With that, let’s dive into November’s budget post.

In these posts we will write-up typical expenses that may get overlooked for the particular month.

So, what expenses might you expect in the month of November:

  • All Saints Day
    • Party or gathering supplies
    • Saint costume(s)
  • Holidays Travel (get ready to break the bank if you are booking this late)
    • Thanksgiving
    • Christmas
    • New Year’s
  • Fall Activities
    • Football games
    • Baseball games (World Series anyone?)
    • Football parties
  • Thanksgiving
    • FOOOOOOOOD!!
    • More food
    • Even more food
    • Family activities (football, movies, games)
    • Black Friday Shopping (Not-so-secretly our favorite day to shop for Christmas…gotta get them deals y’all!)
    • Cyber Monday Shopping (introverted version of Black Friday)
  • Advent
    • Decorations
    • Spiritual reading or retreat fees
  • Christmas (It’s coming faster than you can imagine!!!)
    • Gifts
    • Decorations
    • Special Outfits
  • Winter Clothing
    • Jackets/Coats
    • Ski or Snow boarding gear
    • Boots
    • Gloves
    • Other accessories
  • Winter Fun!
    • Ice Skating
    • Skiing
    • Snow Boarding
    • Sledding
    • Cross-country skiing
  • Birthdays
    • We’ve got a special little lady turning ONE year old on November 10th!
  • Car Maintenance
    • Radiator blew up on the Jeep this week. When it rains in the car world it pours!

Again, these are some expenses we’ve found ourselves budgeting for this month, so they might be applicable to you or not. Some of these expenses are best budgeted for as a sinking fund...like car maintenance or Christmas.

Happy budgeting y’all!

Money

Why Our Transmission Blowing Up Was The Best Thing That Could’ve Happened

October 6, 2015

There I was, minding my own business, driving along the highway on my way to noon Mass…

That’s when the our new-to-us 2007 Chrystler Town & Country van chose to die an abrupt and sudden death. I pulled off the side of the road to cry hysterically for a few minutes calmly collect myself and call my two Knights in Shinning Armor – Jonathan and my Father.

Minutes later, Jonathan was there to save the day and my dad (who’s a very trusted mechanic) was already calling shops in Denver to scout out the most reliable place to tow the van. Soon after, the van was towed away to the mechanic’s and we were on our way home.

The next morning, I got the call. The transmission needed rebuilding and it was going to cost $2,300.

Ouch.

Why, oh why would I say that this was the BEST thing that could’ve happened?

Because it reminded us just how important having a fully funded emergency fund truly is.

Obviously we saw its importance because we had enough money to actually pay the bill. But there was an even deeper reason…

A year ago we had a comfortable emergency fund of 6 months expenses. But then we had adoption bills come in that exceeded our puzzle fundraiser. We had no option but to dip into our emergency fund.

We should  have then refunded the emergency fund ASAP but we got a little lazy. We kept pushing it off, prioritizing other budget line items ahead.

However, right before the tranny blew up we almost made the biggest mistake of all. 

We’ve been planing on getting granite counter tops in our town home ever since we moved in a year and a half ago. Partly for our style, but mostly for resale value. I know it’s an improvement that will help us get the most equity out of our home purchase and will set our home a part in the crowd. So, we started interviewing different granite stores/contractors/fabricators in Denver for the granite we would get “someday.”

Through seeing all the options, we got really excited about the project. Instead of simply picking who we wanted to work with (like we thought) we decided that we wanted to go ahead with it.

Great, right?

No, because we didn’t have enough funds in the budget to cash flow the project. We waffled back and forth. We even had a conversation where Jonathan said, “What if a car dies and we have to take it to the shop?” to which I replied, “The chances of that are so slim, and we will rebuild the account before we need it anyway.” Despite all that deliberating, we ultimately decided to use part of the emergency fund on the granite.

Ruh Roh.

Now, if the Lord wanted us to hit rock bottom, we would have done the granite AND THEN the car would have broken down. Our emergency fund would REALLY have been in trouble if that was the case. But literally ten minutes after the granite company had taken measurements at our home, we got the mechanic’s phone call with the estimated bill.

Snapping back to reality, we then called and cancelled the granite plans. Almost as soon after we vowed to NEVER EVER use the emergency fund for anything non-emergency related. t’s just not worth it. You never know what could happen or when you will need those funds! We now know that all too well.

Someday we will call that granite company back and set up our install but it won’t be until we’ve built our fully funded emergency fund back up and we are able to cash flow the entire project.

Yet again, slow and steady wins the race, every time. 🙂

Money

The October Budget Breakdown

September 30, 2015

Welcome back to the budget breakdown here at True Good and Beautiful!

We’ve recently started coordinating another Financial Peace University course and it’s gotten us fired up about budgeting all over again. Nothing like a shot in the arm from Dave Ramsey to get jazzed about the fundamental principles of financial freedom.

That’s what budgeting is, my friends. It’s fundamental to your winning or losing with money.

Your life will hinge on your ability to create and stick to a budget or your lack of ability to do so. Plain and simple. That’s why we DO these budget reminders every month because we want y’all thriving!

With that, let’s dive into October’s budget post.

In these posts we will write-up typical expenses that may get overlooked for the particular month.

So, what expenses might you expect in the month of October:

  • ALL THE FALL THINGS!!!!
    • Pumpkin Spice Lattes
    • Cider
    • Food Festivals
    • Oktoberfest
    • Pumpkin Patch
    • Hayrides
    • Horseback riding
    • Corn Maze
    • Apple Picking
    • Decorating
    • Pumpkin Carving
    • I could go on for days…you get the idea!
  • Halloween/All Saints Day
    • Secular costume
    • Saint costume
    • Candy or other treats
    • Party supplies
    • Decorations
  • Holidays Travel
    • Thanksgiving
    • Christmas
  • Other Fall Activities
    • Football games
    • Baseball games
    • Football parties
    • Fantasy Football fees
  • Christmas (good idea to start saving a few months ahead!)
    • Gifts
    • Decorations
  • Birthdays
  • Conference Fees
    • We’re attending the Dave Ramsey SMART Conference this month!
  • Anniversaries
    • We celebrate 4 years of marriage on October 22nd! 🙂
  • Annual Family Photo Shoot
    • Photography Fees
    • Props
    • Outfits/Accessories
    • Photo printing costs
  • Car Maintenance
    • Transmission Overhaul (blog post comin about that one!)

Again, these are some expenses we’ve found ourselves budgeting for this month, so they might be applicable to you or not. Some of these expenses are best budgeted for as a sinking fund...like car maintenance or Christmas.

Happy budgeting y’all!

Money

How to Attend Financial Peace University for FREE

September 1, 2015
It’s THAT time of year again!
It’s time for a giveaway around the True Good and Beautiful blog!

What are we giving away? (Like you don’t have us figured out here yet…) 😉

1 FINANCIAL PEACE UNIVERSITY MEMBERSHIP!!!!

To say that Dave Ramsey has a huge influence on how we choose to live in the understatement of the year.

Using his materials and methods are the sole reasons we are debt-free and living on a budget today. His message has literally changed our lives.

And we can’t help but pass along this opportunity to others.

Nope, this opportunity was not sponsored by Dave Ramsey.

We simply believe so powerfully in the freedom that comes in handling money God’s way that we want to pay it forward to someone else. We want to bless an individual or family who would benefit from going through this class.

In fact, we did this giveaway last year and this is what one winner had to say:

“Since then (attending FPU), I’ve felt much more financial freedom in the knowledge that this is something God and I are doing together, and at the end of the day, He’s calling the shots.”

What is Financial Peace University (FPU)?

“Financial Peace University is a nine-week class on money taught by America’s most trusted financial guru, Dave Ramsey. Dave and his teaching team will walk you through the basics of budgeting, dumping debt, planning for the future, and much more!”

www.youtube.com/watch?v=UDW3HEgh_w8
You can see a sample of all nine lessons here.

Most classes start in a couple of weeks, hence the giveaway. You can see a list of locations, dates, and times at the FPU website. If you’re in the Denver area, consider joining the class we’re coordinating (starts Thursday, Sept 24, 2015).

Jonathan and I have attended and facilitated Financial Peace University and it’s been a huge blessing in our life and parish. If you could benefit from sprucing up your finances or demolishing old habits and starting over, then sign up to win one of these classes we are giving away.

It literally can change your life and the lives of those around you.

Lastly – I shouldn’t have to say this but…if you know you will not complete all nine classes and take the class seriously, DO NOT ENTER THIS CONTEST! If you are ready to dive in and apply yourself in class, ENTER ALL YOU CAN! We want to make sure the people with the right attitudes are the ones who win this opportunity.

Best of luck!


Money

The September Budget Breakdown

August 31, 2015

Welcome back to the budget breakdown here at True Good and Beautiful!

After 9 weeks of traveling this summer, I am happy to say we are HOME.

PRAISE THE LORD!

We had wonderful adventures this summer but man oh man am I glad to be back in Colorado sleeping in my own bed. I can tell Josie is thinkin the same thing.

It feels good to settle back in and nothing makes me feel grounded like budgeting! 🙂

With that, let’s dive into September’s budget post.

In these posts we will write-up typical expenses that may get overlooked for the particular month. No uploading of photos this month…due to forgetting. Eeep!!

So, what expenses might you expect in the month of September:

  • Back To School Season
    • New clothes
    • Tuition
    • Backpacks
    • School Supplies
  • Labor Day
    • Getaway
    • BBQ
  • End of Season Deals (only if you really need it) 😉
    • Patio Furniture
    • Grills
    • Swimsuits
    • Clothes
  • Holidays Travel (always some good flight deals this time of the year)
    • Thanksgiving
    • Christmas
  • Fall Activities
    • Football games
    • Baseball games
    • Football parties
    • Fantasy Football fees
    • Apple Orchards
    • State Fairs
  • Christmas (good idea to start saving a few months ahead!)
    • Gifts
    • Decorations

Again, these are some expenses we’ve found ourselves budgeting for this month, so they might be applicable to you or not. Some of these expenses are best budgeted for as a sinking fund...like vacations or gifts.

Happy budgeting y’all!

Money, Monthly Budget Breakdown

The August Budget Breakdown

August 1, 2015

Welcome back to the budget breakdown here at True Good and Beautiful!

 

We’re still on the road…

Yes there have been many adventures but we are ready to be home. Only a couple more weeks until you start hearing from us regularly once again!

Until then, lets get down to some budgeting.

In these posts we will write-up typical expenses that may get overlooked for the particular month. No uploading of photos this month, due to being on the road.

So, what expenses might you expect in the month of August:

  • Back To School Season
    • New clothes
    • Tuition
    • Backpacks
    • School Supplies
  • Labor Day
    • Getaway
    • BBQ
  • Utilities increase
    • Air conditioning
    • Fans
    • Water bill
  • End of Season Deals (only if you really need it) 😉
    • Patio Furniture
    • Grills
    • Swimsuits
    • Clothes
  • Wedding Season (finally the tail end!!!)
    • Gifts
    • Travel

Again, these are some expenses we’ve found ourselves budgeting for this month, so they might be applicable to you or not. Some of these expenses are best budgeted for as a sinking fund...like vacations or gifts.

Happy budgeting y’all!