The Why and How to a Weekly Budget Meeting


Is there anything more uncomfortable than talking about money?!? I mean, just saying the word “money” kind of makes my skin crawl. And what about the word “budget”?? That evokes a wide range of emotions, doesn’t it. What if I told you it really is possible to have a civil conversation about money and budgeting? Would you believe me?? Well, get ready, because it really is possible and I’m going to tell you how in just a minute. But first…

My husband, Fred, and I have been on a budget since we were dating. We set our weekly “date night” budget at $30 a week, which ironically is more than we spend now.

Those early days of dating taught us two valuable lessons:

  1. You don’t have to spend {a lot of} money to have a date. 
  2. Having a budget is very important. 

Having a budget doesn’t have to be boring or limiting. Nope. Actually, having a budget is the opposite of boring and limiting. Operating within a budget allows you the opportunity to think creatively and really is quite freeing. Operating within a budget allows you to spend less, so you can give more. Saving money is the new cool…or at least that’s what we say around our house.

Want to know how we do it?? It’s called a Weekly Budget Meeting.

Yes, a Weekly Budget Meeting.

Now, you might be thinking, what is a weekly budget meeting and how to I get started with mine? I’m so glad you asked. A Weekly Budget Meeting is held once a week at our house. It takes about 10 minutes. We both look over the budget and discuss any changes/adjustments that need to be made. Basically, we just talk, communicate, report…whatever you want to call it…about our family budget.

Have I convinced you yet to hold your first Weekly Budget Meeting?? I sure hope so. Here are five things you need to know before you have your first meeting:

  • Divide out specific jobs related to the budget.

Fred and I both keep up with what we spend by adding transactions to Clear Checkbook (an online check registry). Then, before our budget meeting he checks over the account to make sure everything is entered into the budget (we use google sheets) and the account is balanced. I handle mobile deposits, a quick check to make sure everything is correct, and the cash for our budget. Sometimes this requires a trip to the bank, which is great for me, because our bank just happens to be by my favorite bakery. Coincidence? I think not.

  • Set up a specific time that you will meet, put it on your calendar, and stick with it. 

This changes week to week for us, but it’s usually around lunch time on Fridays. Once you set a time, put it on your calendar and keep the appointment. And hey, while you’ve got your calendar out, schedule in a date or three.

  • Agree to speak nicely and respectfully during the meeting, never accusatory or pridefully. 

Nobody wants to be treated like a child, especially when talking about money. Just be aware of your words and your tone.

  • Remember that you are on the same team. 

Yes! You are on the same team. You are not enemies. We do have an enemy that “prowls around like a roaring lion seeking someone to devour”, (1 Peter 5:8, ESV) but that enemy is not your spouse. The enemy that seeks to devour us would love nothing more than to bring division in our relationship over something as tertiary as money.

  • Relax, celebrate, and learn together. 

You are a team. Set financial goals and work together to achieve them. Celebrate the victories. Encourage one another. Use this as an opportunity to build respect and trust. Make difficult decisions together.

If you don’t have a written budget you can start with this printable budget. Having and operating out of a budget is a necessary first step to having a weekly budget meeting. If you don’t have a budget, let that be the topic of your first meeting.

Set your meeting up today, because saving money is the new cool people!

Need some more budgeting ideas? Try one of these:

2 Simple Changes That Saved Us $2400

25+ Budget Friendly {but still healthy} Dinner Ideas

5 Simple Ways to Crush Your Grocery Budget

How to Clothe Three Boys and Stay on Budget

5 Benefits of Using a Cash Budget

 

Click here to snag your free Monthly Budget Printable along with other goodies!

About the Author

Jennifer is the wife of Fred and the mother of three boys, Clayton (14), Jack (11), and Andrew (8).  Her husband is the senior pastor of a church in Tennessee, and they have been married for 17 years.  For the last 14 years Jennifer has been on maternity leave from the classroom.  Her faith and love of family, cooking, and organizing are constant topics of articles on her blog, Chaos2Peace.


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Comments

  1. Emily says

    I love that you mentioned your meeting just lasts ten minutes. It makes it sound so doable and less overwhelming.

    Great practical tips!