Budgeting for your Family

A budget is a tool to help you spend money wisely and reach goals you have for your family. It can help you see where your money is being spent unwisely. It can give you more money for what you need it for. It takes some planning.

If you can get your family on your side that improves your odds of sticking to it. If you ask for each person's input it may encourage them to be more inclined to help.

It is something that should be workable for your family. Something that is do-able.

DETERMINE YOUR GOALS

• What does your family need and want?
• Keep goals realistic.
• Decide which goals are most important.

LONG TERM GOALS

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GOALS FOR THE NEXT FIVE YEARS

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GOALS FOR THIS YEAR

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In the next post we will go over estimating Income.