Young people often face a choice: to continue living alone or to start their own family. One of the important issues in this case is the ability to provide not only themselves, but also their other half with children.
Instructions
Step 1
Calculate your own expenses. It often happens that a person does not have enough income to cover all expenses. The situation is still quite common when people do not receive a fixed salary, but income including interest and bonuses, which differs from month to month.
Collect receipts for your purchases, keep a log book so you know what you are spending your money on. First of all, you will be able to identify unnecessary expenses that it is time to give up. Second, you will find out how much money you need to support yourself.
Step 2
Determine where family money usually goes. The easiest way is to multiply your expenses by the number of family members. However, this method will not be the most accurate. It would still be better to first estimate how much money you will entrust to the other half, and how much you will spend on providing for your children. Having predicted your future expenses, you can start planning your income.
Step 3
Identify all areas in which you can make money. Since you plan to provide for the whole family, and not just yourself, it is worth considering all the opportunities with which each family member can earn. The easiest way will be for spouses to get a job with earnings that allow them to recoup their current expenses. However, if one of the spouses is fired, then there may be a deficit in the family budget. The most logical thing is to make more than spend. The money earned should be put into a so-called "safety cushion", which will allow you to stretch out for some time until you get a new job, without cutting costs.
If you are lucky and you remain with incomes exceeding expenses for a long time, then you can invest the honor of the deferred amount in a business, securities, some projects that will bring you passive income. Why not get an apartment, a garage or a summer cottage that can be rented out, while receiving income?
