If you are in charge of creating the family budget, chances are, you've had the unfortunate experience of having a brilliant budget plan that isn't executed well. This happens to many families and couples, and with a little attitude tweaking, you can solicit the help of your family in making your budget work.

Create a family budget vision. Talk to your spouse and children about whatever budgetary constraints you are facing, or whatever financial goals you intend to set. By being completely honest about the bills and loans you have to pay, or your intention to save a certain amount of money for a family emergency fund (or a college fund, for that matter), you can help your family understand better your collective financial situation. This will allow them to change their perspective on purchases they make, and will help you make sure that whatever money crunching strategies you utilize won't be counteracted by a subsequent spree by your teen.

Another good technique is to create a list of usual expenditures per member of your family. Together, identify which items you can do away with in order to save up some extra money from your monthly income. By doing this altogether, you are making your family participate better and see the contributions they can make into making your family's finances better.

Should your child have the habit of continuously asking for money for minor and oftentimes unnecessary purchases, you can let your children learn to manage their own week's allowance. With their limited money to budget, they will realize the value of money.

Put a cap on the amount of expenditures you make in a week. The best way to do this is set aside a fixed amount of cash that you will spend for a week. By putting this limitation on your spending, you are forced to prioritize spending on the most essential over other things.

Make it easy for your family to save more. How often do you eat out? Most family budgets are blown over because of the frequency of dining out and the accompanying exorbitant expense of that activity. Eating at home will reduce your expenses, not to mention allow for your family to bond over cooking at home. Do you spend on routine purchases like coffee and newspapers? Cut back on the latte and the paper, and put aside the amount you would otherwise spend. Your family's collective saving will surprise you.

Lastly, don't be afraid to create a most efficient driving route, as well as grouping together activities into one car trip. This way, you can save a lot on time and even on gasoline and car expenses.

Man thank you for this tips, i learned something from this post.

Good post Perfect.

I am here to give my Best.

         From a long time i couldn't manage my family budget.  it's make me in tense always.  I discuss with my family member to manage family budget but i couldn't get success. .  Now when i read your forum post it's really give me some ideas and tips to solve family budget. Thanks a lot to guys .  If future i got any problem than i share with you guys.

Quote from: laxman on 2010-03-21 08:04
        From a long time i couldn't manage my family budget.  it's make me in tense always.  I discuss with my family member to manage family budget but i couldn't get success. .  Now when i read your forum post it's really give me some ideas and tips to solve family budget. Thanks a lot to guys .  If future i got any problem than i share with you guys.

That is what Africa Top forum is all about, learning and sharing with others.
We are one family here with common goal to learn and better our lives in  terms of knowledge upgrading.

Buy less crack and Malt Liquor

Quote from: Louis Farakoon on 2011-08-20 03:04
Buy less crack and Malt Liquor

Your advice is noted.

These are really great family budget tips.

These are really great family budget tips. As mentioned by you that a proper plan is very crucial. Investing the money properly is very a necessity. My friend is planning to invest in Australian funds management for long term investments - foragerfunds.com/australian-fund-summary/. He finds it a good save to earn high profit. I think we all should make certain investments so that there is no shortage of money and assets in future.

Quote from: FrancisGoodwin on 2017-04-17 13:37
These are really great family budget tips. As mentioned by you that a proper plan is very crucial. Investing the money properly is very a necessity. My friend is planning to invest in Australian funds management for long term investments - foragerfunds.com/australian-fund-summary/. He finds it a good save to earn high profit. I think we all should make certain investments so that there is no shortage of money and assets in future.

Go to know that your friend is planning to invest. It is really great to invest; ofcourse investing wisely. Future belongs to people who invest whether financially, self or family.

This is very informative. Thanks a lot.

I had difficulties budgeting and implementing the plans. Some times I ended up cancelling some budget plans to fix in arising expenses. I have learned the essence of maintaining discipline in the budgeting to make successful executions. Thanks a lot for the tips!

very good advice, i will apply it

Quote from: centrallink on 2023-07-03 14:21
very good advice, i will apply it

Good to know that the post is relevant to you. Thank you!