Question by Beach brat: Where can I go to find a template for creating a family budget?
I have a family of 4. 2 older teens my husband and myself. Our buget has gotten way out of hand. I want to get a handle on things. Can anyone offer some advice and possibly tell me where i can get a template for creating a family budget?
Thanks for your help ahead of time
Best answer :
creating a family budget plan
Answer by Joseph R
First,creating a family budget plan. Cut down on unnecessary expenses such as eating out at restaurants, buying expensive electronic stuff such as iPods, & start saving more money in your personal account (savings/checking). If your kids are going to college someday you can spend that money you saved which will help them greatly (although your kids should apply for scholarships and grants to make things easier). Start an emergency fund that has about at least 3 months worth of expenses if you and/or your husband were to become ill or something, that way you won’t be too stressed out.
Start making some goals for saving money on:
College
Vacations
Christmas gifts / birthday gifts
or whatever else you have in mind.
Have a family meeting BEFORE you start making these changes. Go over on what needs to be changed and how much money you are aiming to save/spend on.
I have found a nice template on the link below that can help you.
Creating a family budget is one of the best ways for families to save for college, retirement and other future endeavors. Begin by assessing your spending habits, budgeting accordingly and spending wisely, and your budget can help you build a secure future for you and your family.
On this website “Free Financial Advice” they offer more advice on handling your money.
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