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

From the Podcast:

Don’t kill your budget by making some common mistakes like letting greed and lust guide your decisions.

Key Points:

  • We can all make big budgeting “sins” if we let our emotions guide us against logic.
  • Financial “lust” is about desiring things you don’t have to the point that it becomes an unhealthy obsession.
  • Instead of fighting over money with your spouse and being “wrathful,” you should make a budget and stick to it.
  • Be humble. Don’t allow the fact that you’ve been doing well for a while cause you to get ahead of yourself.
  • Envy is looking at something someone else has and hoping others don’t have it.
  • Too lazy to budget? You’ll never win with money, then.
  • Believe it or not, food is a huge budget buster. It’s easier to stop and grab something than it is to plan your meals ahead of time and eat leftovers.
  • Don’t be greedy. You need to learn to be satisfied with what you have and to live within your means.
  • We need to learn to be content with where we are and what we have if we want to keep these tips in mind.

Quote This:

A debt problem is, at its core, a budgeting problem. -Natalie Pace

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 do you think are some of the hardest parts of budgeting?
  4. What are some of the benefits of budgeting?
  5. How have you seen “lust” to be a problem for budgeting? Why is it important not to be impulsive in our spending?
  6. How have you seen “wrath” to be a problem with not budgeting or from failing to keep your budget?
  7. How have you seen “pride” to be a problem for budgeting? Why is it important to be consistent even when things seem to be going great financially?
  8. How have you seen “envy” to be a problem for budgeting? Why is it important not to damage our relationships because we want what others have?
  9. How have you seen “sloth” to be a problem for budgeting? What will be the long-term result if you let “slothfulness” guide your budgeting (or lack thereof)?
  10. How have you seen “gluttony” to be a problem for budgeting? What are some ways you can start cutting back costs of food this week? (Not just on groceries, but on snacks, coffee, and eating out.)
  11. How have you seen “greed” to be a problem for budgeting? Why is it important to be happy where we are and to live within our means if we ever wish to overcome greed?
  12. Write a personal action step based on this conversation.