![]() ![]() You can use a spreadsheet template, a simple sheet of paper, or an app such as, which allows you to customize your budget and even get weekly alerts of your status. Pick a day (it could be today or the first day of the coming month) and commit to writing down everything you spend for an entire month. This easy habit keeps you aware and accountable of all money going out. Once you have a plan in place, working toward those goals becomes easy, especially as you build momentum. Achieving financial independence in life is about setting good financial goals-and having a plan to achieve them. Re-evaluate your goals regularly and adjust as needed. Write down your goals and be as specific as possible. Some common goals may be to pay off credit card debt, create an emergency fund, build retirement savings, pay down a mortgage, simplify your life, or save for college. ![]() Make a list of your family’s financial goals.The moment you decide to take charge of your household spending, you’ll be on the path to a future filled with choices. Here are some proven strategies to help you manage your family’s budget. Ultimately, a budget gives you control over your money. But rest assured, that feeling won’t last once you get going.īudgeting is being fully aware of what you earn, what you owe, and where your money is going. And even though we’re constantly being reminded of how financially freeing it is to create a budget and track spending, doing so may feel restrictive-especially at first. But as your family grows, costs have a way of creeping in a lot faster than cash. It sounds simple: spend less money than you make. Financial Education Center Managing a Family Budget ![]()
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