Discretionary and non-discretionary spending
April 29, 2019
I’m Miriam Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money
M Are you visiting your ‘spending plan’ seeing that it requires revisions? Jobs change, growing family, retirement ahead. Life is real and no budget revises itself.
V Suggestion: start with dividing expenses into two categories: non-discretionary and discretionary. Non-discretionary: required. Food, shelter, car and health care. Discretionary, eating out, gym membership, cable. These are easy to delete or shrink. Non-discretionary can be changed. Food, less prepared, lower cost-generally. Many on this planet live healthily on beans and rice. Caution: approach carefully with small cuts, ‘can do’ sized steps.
M That’s a start. Pray, ask God’s help. If your desire is to serve him with your finances, He will give you the desire of your heart.