A married couple's life together is impossible without planning a common budget. Partners have to work together to solve business issues, plan purchases and other expenses. In order for the finances of the new family to be in perfect order from the first days, you need to know the basic principles of budget planning and strictly adhere to them. Otherwise, financial troubles will inevitably arise.
It is necessary
- - book of income and expenses;
- - data on the expenses and income of family members;
- - calculator;
- - assistance from a financial advisor.
Instructions
Step 1
Make it a rule to discuss financial matters with your partner. In some families, any talk about money is suppressed, being considered a topic that is not worthy of discussion and attention. Another approach would be correct, in which family members have equal rights in solving financial issues. It is quite possible to involve adult children in the discussion of this topic.
Step 2
Determine who in the family will act as treasurer. The person with the best practical sense and greater responsibility should monitor the implementation of the family budget. Most often, the function of managing accounts is taken over by a woman, but this is by no means a prerequisite for every family.
Step 3
Deal with family budget issues in a planned and systematic way, rather than as problems and critical situations arise. Plan your expenses several months in advance, weighed them against the estimated income. Be sure to include utility bills, communication bills, and loan payments in your financial plan.
Step 4
If you are planning significant purchases or you need to use a large loan, be sure to get a family council. Calculate the upcoming costs and weigh the arguments of each family member. Remember that in the event of complications, the burden of responsibility that will fall on your family can become overwhelming.
Step 5
Make it a rule to set aside a tenth of it in the form of savings every time after the receipt of money in the family budget. These funds are best deposited with a bank so that they are less subject to inflationary depreciation. In such a simple way, you can not only save money, but also save money for fairly large purchases. But success is guaranteed only if this rule is systematically followed.
Step 6
Allocate some of the money for personal expenses for each family member. This will allow partners and children to feel relative financial freedom and not be dependent on the treasurer's decision whenever they need to buy spare parts for a car, make another small purchase, or, for example, give a birthday present.
Step 7
If you have several different and significant sources of income, for example, salary, income from business, income from securities, use the services of a professional financial consultant specializing in personal finance management. A professional will quickly, clearly and accurately put things in order in financial documents and help you to competently dispose of free funds, directing them to increase your family's assets. So the payment for the services of a consultant will pay off with interest.
