When my wife Nicole and I started our marriage, we were $50,000 in debt and spending money like it was our full-time job. I, for one, had no issue going on vacations, driving cars and updating our home all on credit.
When we started thinking about having kids, Nicole and I knew it was time to break our addiction to debt. We knew we needed a plan to master our money.
We had heard that developing a monthly budget could help us in eliminating debt, saving more money and reaching our goals. So, we gave it a go. It was rocky at first, but soon it became habit.
The catalyst for this major change in our lives was creating and sticking to a monthly budget.