"The average family exists only on paper and its average budget is a fiction, invented by statisticians for the convenience of statisticians."
Unlike the quote provided above, seemingly reflective of general opinion on family budgets today, we will attempt to take a much more positive approach to budgeting, as a family oriented, user-friendly, financial management and planning tool and life-enabler.
Once you start probing family budgets, spending time and energy researching the subject in-depth, it becomes quite clear, that most families are caught in a vicious, almost never-ending circle of “What comes in must go out.”
Most families might feel that budgeting is a futile effort, unnecessarily burdening them with different thoughts and approaches without the creature comforts and indulgences of our human modern-day society.
Others might say they feel as if they are merely throwing their money away in a never-ending and dizzying spiral of spending.
People are getting deeper and deeper into debt, no matter how hard they try to get out of it. Questions are then raised ... How do we stop this negative spiral? How do we change the thinking around family fiscal discipline?
Put simply, in “How to set up a Family Budget”, we focus on how to empower families to set up better, more realistic budgets, stick to them and celebrate their successes, and learn from their failures!
Families eventually do have a monthly surplus, see their savings start to grow, consolidate their debt, set aside discretionary funds and personal allowances, build their wealth and become more aware of their pro-active involvement and responsibility regarding their lives and finances.
This is when excitement builds and fundamental thought patters as well as spending attitudes are changed.
Budgeting can be seen as a precise measurement of success when significant behavioral transformation in spending habits and financial patterns has taken place.
Do you ever feel that you do not have enough cash at the end of the month to pay bills, buy necessities of life? Are you barely making a dent in your credit card debt balance, no matter how hard you try?
Here is a reality check for all of us: if we choose to spend it, it is gone for good. We cannot spend it on anything else. Are you perhaps worried about a nest egg for your golden years or savings for early retirement? Then you have arrived at a website that can provide some prudent tips on how to start, finish, implement, stick to, revise and refine a family budget.
The family budget is a dynamic process, even more so than a mere static work-product, result, process-outcome or document. It will, can and should change over time. It becomes a barometer of a family’s fiscal circumstance, resources and health.
Maybe budgeting is not as much about reflecting on what you cannot have, but more about thoughts on how to stretch, invest and spend your earned dollars more wisely. In short, it is about making your money going further.
This quick-reference how-to guide was developed to assist you with setting up your own personal, household and family budget, to help you with all of the above and more!
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