A Small Leak Will Sink a Great Ship

Many of us are tempted to dismiss small expenses as irrelevant when it comes to budgeting. We spend $5-10 or even more without really thinking of it as significant. At the end of a month, we may be surprised to find out how much those small expenses add up.

As a simple example, if we eat out even for only $5/meal for breakfast and lunch each weekday that can add up quickly to over $200/month!

There is a quote I remember from Benjamin Franklin that paints a great picture that makes this easy to remember.

“Beware of little expenses. A small leak will sink a great ship.”

As a small leak that lets water in a boat can sink even a great ship, so too can small expenses sink a budget. While it is always a good idea to start cutting spending by looking at the largest purchases you make, it is also important to look in total at where you spend seemingly small amounts of money consistently and repeatedly.

I find it helpful to use software like Quicken to track these small expenses monthly and total them up to see what I am spending money on. It can be quite surprising at times. If that seems too much trouble for you, just take the time to review your credit card statements and add up the little expenses by category. This will help you see where you are spending your money and how simple changes in your habits may really help you patch the holes in your budget.


Remember that all you have belongs to God. Manage your money God’s way and use it for His glory rather than your own. Visit GrowGodsMoney.org .