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Why Plan Your Family Budget

Faced repeatedly with the situationthe insufficiency of money in the family, at a time when there is still a lot of time before receiving wages, the question begins to arise: where are the money spent? Therefore, it makes sense to plan your budget and maintain a table of accounting for income and expenses, since this occupation is very interesting and necessary. For example, you can easily find out how much money is spent on meals outside the house, how much money is spent on the car, how much is spent on food and other items of expenditure. You can approach the planning of the seed budget for different purposes. It may be a desire to control finances or optimize your costs. Also, the goals can be more global, buying real estate, car or vacation abroad.

How to properly manage the family budget

To begin with, it should be determined in what wayit is more convenient for you to run a family budget. It can be: - Notepad and pen - Tabular version in Excel on a personal PC - Online programs on Internet resources The entire family budget can be divided into two parts - income and expenses. In order to have a balance between these articles, the incomes must be equal to the expenses, and if there is a desire to save some money, then the incomes must exceed the expenses. The calculation of the family income does not take much time and effort, for this it is necessary to add up all the money that comes in monthly : salary, benefits, etc. But to calculate the cost will take more time. To do this, collect all checks, from any purchases and even the smallest. Then, daily write down what amount of money and what was spent by all family members. Data should be entered in a table that needs to be categorized in advance, or added as needed. It can be such categories as: products, utility payments, car maintenance, lunches outside the house, entertainment, etc. After the end of the reporting month, you should calculate the total amount for each category. After that, you can see what to spend the bulk of the money, and only then it is worth analyzing from what kind of spending can not be abandoned, and from which it is possible without detriment to yourself and the family. Once the planning of the family budget becomes a habitual matter, then you will have an idea of ​​that , where and how much money is spent monthly. This data will help you in drawing up a plan for the next month, after which you can compile a report to make sure that the plan coincides with the fact.