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The Amazing Secret To Creating A Family Budget That Leads You Out Of Debt, Fills Your Savings Accounts, And Escorts You To Your Next Vacation!
Listen. It hits families all over the world like a punch to the stomach.
You don’t notice it at first, but soon you find yourself living in a paycheck to paycheck world. What you make one month is gone before you have any time to add it to your savings account…
Before you have time to fill your cupboards just one last time (while you wait for your next paycheck)… And definitely before you make any dent on your credit card balance.
Families all over are enslaved by their debt racked up over the years. The burden is immense. You don’t want anyone to know you’re having a hard time making ends meet – especially any kids that might be involved.
You’re afraid to answer the phone. It’s tough to sleep the night through. Life in debt is now a never-ending cycle of anxiety and fear.
How can you stop the seemingly endless cycle? How can you change the way you think about money? And discover financial discipline?
Read on ...
"The average family exists only on paper and its average budget is a fiction, invented by statisticians for the convenience of statisticians."
Unlike the quote provided above, seemingly reflective of general opinion on household budgets today, we will attempt to take a much more positive approach to budgeting, as a household oriented, user-friendly, financial management and planning tool and life-enabler.
However, when reflecting on household budgeting and inquiring as to why not more families are actually using it, it becomes self-evident that similar skepticism runs rampant and deep in reality and society, even globally so.
Once you start probing household budgets, expending time and energy researching the subject in- depth, it becomes quite clear, that most families are caught in a vicious, almost never-ending cycle of “What comes in must go out.”
Most families might feel that budgeting is a futile effort, unnecessarily burdening them with thoughts and ways, to go broke methodically and slowly, without the creature comforts and indulgences of our human modern-day society.
Others might voice that they feel as if they are merely throwing money away, in a never-ending and dizzying spiral of spend, spend, spend. People are getting deeper and deeper into debt, no matter how hard they try to get out of it. Questions are then raised : How do we stop these courses of action? How do we change the thinking around household fiscal discipline?
Put simply, in “How to set up a Houshold Budget”, we focus in on how to empower families to set up better, more realistic budgets, stick to them and celebrate their successes (and learn from their failures!)
Families eventually do have a monthly surplus, see their savings start to grow, consolidate their debt, set aside discretionary funds and personal allowances, build their wealth and become more aware of their pro-active involvement and responsibility regarding their lives and finances. This is when excitement builds and fundamental thought patters as well as spending attitudes are changed.
Budgeting is seen as an accurate measurement of success when significant behavioral transformation is taking place on the landscape of the household budget, spending habits and financial patterns we observe over time!
Do you ever feel that you do not have enough cash at the end of the month to pay bills, buy necessities of life? Are you barely making a dent in your credit card debt balance, no matter how hard you try?
Here is a reality check for all of us: if we choose to spend it, it is gone for good. We cannot spend it on anything else. Are you perhaps worried about a nest egg for your golden years or savings for early retirement? Then you have arrived at a source that can provide some prudent tips on how to start, finish, implement, stick to, revise and refine a household budget.
The household budget is a dynamic process, even more so than a mere static work-product, result, process-outcome or document. It will, can and should change over time. It becomes a barometer of a household’s fiscal circumstance, resources and health.