The Money Fix: Beth’s Internal Budget Battle


Liz Pulliam Weston

amanda clayman


West Virginia

Welcome to Season 1 of The Money Fix! With the help of top national money experts, nine DW readers will tackle real-life money problems, and blog about their progress—right here, in real time.

Well, since my first post last month, my husband and I have been wrestling with decisions of faith and money, regarding our upcoming adoption.

After much discussion and "running numbers", we had some hard decisions to make about Liz Pulliam Weston’s suggestions for how we might save the $10,000 to $12,000 we’re likely to need.

  1. Although Liz is right, refinancing from our 15-year mortgage to a 30-year would save us several hundred dollars a month, we just can’t do it. We have less than 14 years left to pay and we would rather cut elsewhere.
  2. Liz believed we could save enough to finance the adoption ourselves, but we don’t want to take any chances. So we withdrew the remaining $6,000 left on our home equity line (total: $25,000 at 5.7%). I put the money in a travel fund earning 2.9%.
  3. Last, after much discussion, and after seeking pastoral counsel, we decided to continue our tithe. This adoption is a step of faith for us in many areas, and this is one of them.

We aren't perfect advice-followers, but if we stick to our plans we will be DEBT-FREE, including our cars and the adoption, in five years.

That’s going to require taking some of Liz’s advice to curb our spending. One of the biggest blessings of this process has been learning where our spending reflects our values—and where it doesn’t: i.e. eating out, buying things we don’t need. We’re facing some important financial shifts—in the name of a much greater goal. We’ll see how it goes…

Read Beth's uncut version here.

Tough Talk. What hard choices have you made prioritizing your budget?

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