How Do You Create A Household Family Budget?
In these difficult times, a budget is more important than ever. Budgets can often be complex and with a family to worry about things can get even more complex. This guide will help you navigate through your financial issues and develop a budget you can stick to. First, come up with your income. To know how much money to budget, you first need to know how much you make. So, figure out your monthly income and include all sources. Now you will exclude all income that’s not yet realized (i.e. stocks you haven’t sold yet), income that’s sporadic and unpredictable (i.e. your rich aunt may give you $200 for your birthday), and income that you can’t rely on coming. Basically, you want to come up with the amount of cash you will receive every single month. Next come up with a list of all your expenses. That includes the basics like rent, utilities, food, car payments, and other things that come up every month. Next come up with a miscellaneous account for expenses that might come up, like the k
