Watch the video above and talk about it with a group or mentor. Learn more

It’s hard to manage your money when you don’t have much of it. That’s why it’s essential to have a budget.

Key Points:

  • If you are broke, you need to make a budget ASAP.
  • The first thing you should do is make a list of your income and expenses. List both regular expenses and irregular expenses.
  • Cut spending in problem areas.
  • After you budget, focus on increasing income through extra work hours or side gigs.
  • Reaching real goals requires real sacrifice and real intentionality.

Quote This:

A budget is telling your money where to go instead of wondering where it went. -Dave Ramsey

See Also: Budgeting

Talk About It
  1. What is your initial reaction to this topic? What jumped out at you?
  2. Do you have a budget? Why or why not?
  3. What are some irregular or non-essential costs you have on a monthly basis? What can you do to reduce those costs?
  4. How can a budget guide larger life decisions, like where you work or how you spend your time?
  5. What are some “side gigs” or other ways you can increase your income after you’ve got a budget in order?
  6. Write a personal action step based on this conversation.
This topic is adapted from thewildwong YouTube channel.