Elliott and Andrea are saying once they set that budget, it empowered them to spend. A lot of people can feel it’s restricting but the truth is when they come together in agreement that this much money is going to “xyz” it helps a lot.
11:30 It takes time to work up to creating a budget and it takes time and grace. They give couples 90 days to start and it’s okay if you mess up. It’ll take 3 months to get the framework and foundation of your budget.
16:50 the feeling of peace and freedom that came from cutting up their credit cards and not owing a single thing to a single lender.
18:00 we talk about tithing and offering. Tithing is biblical principle, not a marriage principle.
21:00 thoughts on separate bank accounts in marriage.
“When you get married everything is one. God says to be fruitful and multiply, 1x1 is 1.”
25:00 talking about having a budget meeting committee together and seeing where you can and cannot spend.
“I had a pronoun issue, when I would say “I go to work and this is my account”. It wasn’t just me myself and I. That wasn’t it. God really had to correct me, it’s “us, we, ours, it’s together.”
36:00 quick overview of how to even create a budget.
You start with a quick start budget that has different categories and list of your debt and start plugging in numbers.
“You have to give every dollar a name, every dollar has to be on mission, on task, on paper, on purpose.”
Elliott goes into what the debt snowball is and how to celebrate some little wins and how to get the snowball to roll of paying debt off.
“When you begin to slay all those things down and cut them all down, you begin to see what kingdom of God looks like and feels like and the things you can do in His Kingdom and see it grow and flourish not just in you but how it’s going to propagate through the Kingdom
42:00 comparing yourself to how others live in marriage and the danger of that.
“Don’t let the fear of man and comparison, drive your behavior” —Andrea
“Who are we going to honor with what we have?
Is it going to be money, status and the pride of life that we’re going to be living for or to fear the Lord and the way He tells us to manage finances?”
Link Andrea’s comparison devotional
“This keeping up with the Joneses mentality has error, because the Joneses are most likely in debt to have all those nice things. You become a slave to their lifestyle.”
@themarriageprojectco
“It’s not that we’re against nice things. I want you to have nice things, I just don’t want nice things to have you.” — Elliott
45:00 talking a bit about comparison in marriage and if men compare as much as women, and if they have the “hallmark” take of marriage like women do. And do spouses compare talents, income and giftings?
“Income level is not a point where you should find your value, your value is in Whose you are in Christ” — Elliott
54:00 for those dating, when the financial conversation should start to happen and how and when your accounts merge.
Financial peace is not an oxymoron. It is possible. They’re walked through it, through the pain and tension and have been blessed get out of debt and help walk others through getting out too.