UPDATED: Congratulations to the following winners of a copy of Saving Savvy! Winners are listed by comment number:
Winners will be contacted by email on how to claim their prize. Thanks to all who entered!
Are your Christmas credit card bills coming in? Are you experiencing buyer’s remorse?
Hi, I’m Kelly Hancock, and I’m so excited to be talking with Bloom readers today about my book, Saving Savvy: Smart and Easy Ways to Cut Your Spending in Half and Raise Your Standard of Living…and Giving!
To be quite honest, I wasn’t always so savvy about saving. In my previous life, before children, I was a top sales rep for a Fortune 500 company. I didn’t have to watch my money, or so I thought. My husband and I lived without a budget, and when we wanted something we bought it—including a home that required both of our paychecks to make the monthly mortgage. I innocently assumed that I would always work. Little did I realize that once my daughter was born, all I would want to do would be to stay home with her.
When that happened, I found myself in a new place—it was no longer a place of freedom, it was a place of bondage. Financially, I felt trapped. I was trapped by our lifestyle, trapped by the mortgage that demanded my income.
But as my husband and I began praying about moving to a single income, we both felt the same gentle tug on our hearts, urging us to take a leap of faith. This was not an easy decision or one that came lightly. It was the hardest one of our lives. But it was the best decision we ever made.
Once we made the decision that I would come home, I was excited, but I really dreaded the financial impact on our lives. Financial difficulties are the number one cause of problems in marriage, and Bradford and I both come from broken homes. I was bringing home half of our income, and without it, we were barely going to get by each month.
But there’s a really nifty little thing—that a lot of people overlook—that’s called a budget. Once my husband and I sat down to try to see what our lives would look like on one income, we realized that we were throwing a lot of money away. A light bulb went on, like a surge of hope, and I began to believe we could really do this. A friend began to mentor me in couponing and shopping sales—and I was on my way to saving money. I tell the whole story of my revolution in thinking—as well as what happened after we made that leap of faith, and a short time later, my husband lost his job—in my book, Saving Savvy.
Today however, I’m wondering: What’s holding you back from saving money? Do you even know how much you spend? Do this for me today: Take a look at bank statements and your checkbook register. How much are you spending at the grocery store and on eating out? Once you get a number on it, meet me back here every day this week. I’ll be talking about things like meal planning, stockpiling, and even clipping coupons. I’m going to give you some tips that will take your number and begin cutting it down. Way down.
Prayer for today: Lord, you are Jehovah Jireh, the Lord my Provider. Forgive me when I am wasteful with the provisions you give me. As I look at my spending today, reveal to me your plan for being a good steward of the money You give us. I believe that when I ask You for wisdom, You will show me how (James 1:5). In Jesus’ name, Amen.
ENTER TO WIN TODAY’S GIVEAWAY: Finish this sentence in a comment below, and you’ll be entered to win one of two copies of Kelly’s book, Saving Savvy: “If I had an extra $250 a month, I would ________.”