To help you and your family set and master financial goals this year, I am going to teach you How To Create A Budget For Your Family. This is a simple task that many feel overwhelmed by, and often struggle to overcome. It’s a hard thing to tackle, and I am excited to share a simple process that will work for you to make a budget that your family can easily use.
How to Create a Budget For Your Family
Wouldn’t it be nice if a family budget could create itself? Well, that probably won’t happen anytime soon, so in the meantime, it’s important that your family has a budget that makes sense. You may be wondering how to create a budget because it can seem pretty overwhelming. I have been there. That’s why I thought I would help by giving you some basic tips to begin with in the process.
Write Things Down
One of the best ways I have learned how to make a budget is by writing things down. I write things down from when they’re due to when I pay them. My mind isn’t as sharp as it used to be, so it’s vital that I write everything down. You can write things down in your calendar or even put the reminders on your phone. Trust me, you’ll be thankful that you went the extra step to write things down in order to create a family budget that sticks.
I use the Organized Mom Budget Book, but you can use something like a legal pad, or a classic wall calendar to keep track of your bills and when they are due each month.
I know in the past one of my downfalls with a budget system is not using envelopes. Envelopes have helped me stay on budget so many times. The idea behind an envelope is that you put cash in the envies and use the cash when you need to buy something pertaining to that budget. Once the cash is gone, it’s gone! It can be so hard to stick to those cash standards, but it’s important.
If you are curious about the envelope system, you might want to invest in the Dave Ramsey Total Money Makeover. He goes into great detail about one of the most popular and definitely most proven effective processes to stay on track and get out of debt in recent years. I love his process and know it works well no matter what your financial situation may be.
Think Before You Buy
Budgets are so easy to blow because people just buy what they want. One way to create a family budget and stick with it is to think before you buy. Don’t just walk into a place like Target without a plan because you will fail miserably. Instead, make a list of what you need and think twice before buying anything you want. If you really want to know how to create a budget, planning what you are going to spend your money on is key.
While most will give you a rather detailed list of things to follow when you learn how to create a budget, it really does boil down to just these main three things. Other than this, you can break down your actual budget into categories that work for your unique family. Below, I will link to some more tips about budgeting and living within your means that will help you determine how to go further with budgeting in your unique financial circumstances.