Since budgeting is really just a spending plan, it ensures enough money will be allocated to cover monthly needs like utilities and bills, and gives visibility to how much extra money is available for spending, paying off debt, or saving! And speaking of saving, 31% of people have only $500 or less in savings, and an unbelievable 19% of people have ZERO. In fact, a budget allows for spending the way that someone may need to, and want to! Budgeting is actually rewarding! Some may think a budget is restricting and doesn’t allow spending but that’s far from the truth. Read More: Budget Basics for Busy MomsĪ family or household budget is really just a plan of how income is going to be spent or distributed over a certain period of time, typically monthly. Below is exactly how to create and stick to a budget, including a Household Budget Template to help get started. Regardless of how much money someone makes, or currently has in the bank, a budget is a key tool for reaching any financial goals. And one of the easiest ways to make a change for financial health is by following a household budget template. Discussing the current financial situation, sharing financial goals, and creating good habits is a good idea for anyone, especially a family. Once finances are made part of regular discussion in a partnership, it’s actually pretty easy to talk about and manage. This is why it’s no surprise finances is commonly cited as the primary reasons couples divorce. Most want to avoid tension and arguments, and one way that occurs it to talk about money. In fact, many even many couples don’t discuss finances with each other. Finance is one of the top topics that people don’t like talking about. Why? Well, to start, it’s an easy way to make it a topic of conversation and stay financially healthy. A “financially fit” family uses a household budget template to track their expenses and income.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |