How to Create a Family Budget

Mar 22, 2014 by Askia Roberts

For singles, creating a budget is relatively easy. They tend to have a good handle on how much money they have coming in, and when tracking expenses, they only have their own to think about. But creating a family budget is a whole new ball game. Most families have multiple sources of income. And when there are multiple spenders, that makes things much more confusing. This is one of the main reasons that families lack a formal budget. But having a budget and sticking to it can greatly improve a family’s financial outlook. Making a family budget may be tricky, but it can be done. Here’s how. 1. Take inventory of all income. If a certain source of income fluctuates from month to month, use the lowest amount or average it out. 2. Keep...

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Master your personal finances in 6 easy steps...

Mar 6, 2014 by Askia Roberts

Mastering your personal finances using the 6 steps identified below will change your life the moment you begin implementing them. You will immediately began reaping the rewards and satisfaction that comes with financial security. You deserve a secure future that provides the life style that you want. So read the steps below and go get started on the path of personal financial mastery today!   Identify your current financial status. This can be a little intimidating for some but it is essential to a better financial future. This entails knowing three important things: your expenses, financial problems and financial desires. Be aware of how much you spend vs. how much you can afford. Ok you got me…I am referring to budgeting but nobody likes that word, however it is essential to personal financial mastery. Write down...

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