What is your budget? Economics, planning, budget – these words seem to be boring and too prosaic, when it comes to young families. But the one who neglects family prose runs the risk of well-being of his family. Counting income and planning of expenditures is a very useful thing in the family. Family’s budget – this is the planning of income and expenses for a certain period of time. It should always be made so that the costs are equal the sum of the income or was lower.
What does the family budget consist of? Primarily it consists of the income of the spouses – a salary or scholarship of a husband or a wife, allowances and bonuses, pensions, allowances for children and mothers with small children. This is the most common income. But there are also such as assistance of parents, or the income from sales of personal subsidiary plots. Last of these incomes are irregular, and therefore you should count them only at those periods when they comes to the family budget. Who manages the money in the family? Wife is the answer of many people. And they are not mistaken. Husband and children often have no right to vote. Is it fair? Usually both of the spouses are working: both husband and wife, and both bring money. But the wife spends more than a husband. And it often happens that she spends unreasonable, on unnecessary things, especially the young wife who has no experience in life and finance planning. Should she be blamed for this? Let’s think together.
Who is more likely to buy products? Who makes all the cooking? Who knows what is in the home end reserves of flour, sugar, cereals? Who washes and who knows what kind of detergent is needed and where to buy them? Wife. And who, in this case, if not she to plan the purchase of products in every detail? On the other hand, not only the products and not just fines are bought, but also large, expensive purchases – clothes, shoes. Money are spending on holidays and trips, movies and theaters, pay bills for the apartment and a kindergarten, for the repair of equipment, footwear and dry cleaning, etc. And if it makes only the wife – is it fair? Of course not.
Budget planning should be a matter of the whole family. This will not only relieve the wife and reinforce the importance of the role of husband and children in the family. Overall planning and business expenses brings together family members. If a husband and children would know what are necessary expenditures for the current month, if the wife would take into account the interests and needs of her husband and wishes of the children, the situation in the family will become much friendlier. To develop a reasonable economic policy in the family – a big skill and it’s worth to comprehend it.
Economic recession has made many people look for different ways to save money and saving money expert. Another part who already have some cash and would like to make more, no doubt might require mutual funds investment advice. Moreover, financial planning should be of help to young people as they need to manage with many things in their lives, and here financial advice for young people site could help them.
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