Rose F. Roselli October 26, 2019 FamilyBudget
Indeed, household budgeting can be very important, which is why finding the right tools to make this possible can be equally important. Several financial experts stress the importance on how significant it can be to create and properly manage a family budget. Suze Orman is considered as one of those experts that believe in a family budget worksheet. In fact, many examples can be found in her books and mentioned on her website.
First, you must balance your checkbook. You can either use software, or pen and paper to accomplish this task. Now, if the concept of balancing a checkbook eludes you, just search the internet on how to balance your checkbook. And, as you balance your checkbook, you should pay particular attention to missed transactions, bad math, or any unexpected transactions. I remember that on one occasion I had recorded an unexpected deposit as a withdraw in my checkbook register. So, to my chagrin, my $150.00 deposit became on paper, a $300.00 withdraw.
Sitting at your favorite restaurant hand-in-hand with your special someone with a steady stream of culinary delights wafting by, lights down low, and the occasional whispering of what might be violin music from somewhere in the establishment. What was to be the beginning of a night to remember in one sense of the word is now, instantly transformed into a night you would more likely want to forget by the look of distain engraved, as if on granite, worn by the face of your returning waitress; your credit card did not go through!
That is it - you have now created a rudimentary budget. If you are in the negative you know you have got a problem. If you are in the positive, you are either doing really well or you have forgotten something. Keep working on your master list until you are comfortable with it. Checking your budget against your online or paper bank statement can be very helpful in finding things you have forgotten.
Budgeting does not need to be complicated. You do not need a master`s in accounting. You do not even need a computer. Pen and paper will do. A good family budget performs the following functions: - Keeps your checking account in the positive - Helps you get out of debt - Helps you save money for the future - Helps you spend your money on what is most important to your family There is not much else to it. As long as your family budget meets the above criteria, you have accomplished a lot.
Your budget spreadsheet or home budget software should have a user-friendly interface. It should be flexibly and easy to understand in its operation. You should not need a degree in programming in order to use or understand it. Likewise, its working environment should be designed with you, the consumer in mind. You should not have to struggle to navigate from one section of your home budget to another. The screen`s layout should be easy to understand. Some programmers believe that more is better; and so to that end they have fatten up ever screen with excessive graphics and/or text that contains little or no useful information. Your home budget software will become an integrate part of the lives of your family. The using of it should not stress you out! If you want stress... have children!