To keep count of projected expenditure in our family we generally make charts or newspapers out of construction paper. We mark which pages cost how much money on each of them. Here are some ideas that can help you make charts or newspapers to help keep count of your family’s budget.
- Check how much money you spend on bills each month. This can easily be charted. If you are trying this on your own it can be tested by checking to see if you can follow your budget in the first month.
- Similar to above, when you have a family budget it should be charted on the first month. The purpose of doing so is to keep an eye on overspending or underspending.
- You can go shopping with your family for various household expenses. One thing you can do is set a spending limit for each family member according to his or her income.
- When going shopping do not stick on the most expensive items. Instead, spend the extra money on those that are not on this list 50% of the time. For instance, if the budget is $50 you will be spending $1 per day on household bills. In this example, you will probably pay $4 per day
- Also, make it a casual occasion instead of a serious occasion to have many of the above suggestions.
- Make it a rule for your family to try and do it all over the weekend. That way you will not be distracted and will be able to supply the family with the best meal.
- If money is tight for your family then develop a spending plan for each family member. In this case, you have to keep an open mind about where they will be going shopping, costumes, etc. Let the budget be discovered by the members and they have a say in how much they will spend on each family member.
It is important that you set the limits according to the children’s age, needs, and individual income, and then the parents will know exactly how to cover up the holes.
Then make the budget interesting by an assortment of meals you have a wonderful meal. Lastly, find a great deal on the gasoline and automobile expenses. Many times you may find that these expenses are more of a consuming anduler for the family than they are for the family budget. There is no need to sneak out and pay the car inspection or rent, buy a new car.
The key is that you are sure it is a budget that is agreeable to all the family members especially the child and makes it a fun occasion which is remembered by each member of the family all the way to the youngest member who may be saying, “when was the last time we all ate at Mom’s house?”, and you answer with, “last weekend love you very much “. The key is that you will be in a position to give meaning to the family budget.