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Set your family budget for shopping.

Setting a family budget is both necessary and practical for the financial stability of your family – and for the emotional stability as well.  Money can be a source of stress for many families, but only if you let it.

If you want to improve your family finances to make room for new goals, improve your less than ideal current financial situation or just check in on your existing budget to see if there is anything you may want to do differently this is where it’s at.

Let me help you plan a family budget that makes everyone happy:

  1. Enough money to live

This should sound like a no brainer, but a lot of people don’t actually know HOW to set a family budget.  A lot of people think that living on a budget means spending what you earn and not a penny more.  That’s a good start, but that habit is called living within your means, not living on a budget.

Budget living means living within set spending limits and not splurging or overspending no matter what you do, how you feel or how bad of a day you’re having.  Living on a budget starts with spending less than you earn so you don’t end up living off of credit and also making sure you always have some money in your bank account.

  1. Emergency savings

If you don’t want to live paycheck to paycheck then step one is a must.  Having your expenses add up to less than your income is the first step towards living on your family budget.  Setting money aside for emergency savings is the second.

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Having extra cash on hand is always a good thing for a family.  I think we can all agree that when you have kids you just never know what kind of unexpected expenses will pop up.

  1. Retirement money

Just because you’re a mom or dad doesn’t mean all of your hard earned money has to go towards providing for your kids.  Don’t forget to save for your own goals and dreams, don’t you want to retire someday?

  1. Education savings

We all want the best for our kids and sometimes that means pushing them to pursue a higher education.  Let’s be honest, a college degree is expensive.  You may not be able to save enough money to pay for all of the expenses, but every little bit counts.

  1. Room for debt repayments

A family budget ABSOLUTELY needs room for debt repayments.  If you don’t factor them in to your overall expenses you may not have enough money to make the payments.  No money leads to late payments and that leads to decreased credit scores and that’s not good.

If you need a little help  getting started on your family budget download my FREE budget template to help you set expenses and track spending.  Just look to the right —>>>




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