How to make a family budget and stick to it?

If our finances constantly create problems for us, then our self-confidence cannot be restored, it is impossible to increase our self-esteem and love ourselves without changing our attitude towards finances, the family economy, and the family budget.

Good financial planning is not such a difficult task, perhaps it is rather of a psychological nature. We can assume that if you do not have enough money until the next salary, it means that the crisis in the economy is to blame or is it an accident, and next time everything will be better. If the family did not reach the salary, then children’s illnesses are to blame, prices have jumped sharply. Many people are familiar with such situations?

Unforeseen expenses should be included in the family budget. And if the family budget is not compiled, then it is impossible to take into account not only unforeseen expenses, but also the most predicted ones.

It is necessary to take financial responsibility for all your expenses and problems only for yourself, and if you have a family, this is especially important, since you bear full responsibility for the children, for their health, education and development.

A family budget plan allows you to not only not make debts, but also save money.It is impossible to save money for family development without budgeting the family.

Making a family budget plan is easy

  • First, make a list of all your expenses that you habitually make.All that you usually spend money for a month.
  • -Do not forget to include quarterly and annual payments in this list, but dividing them by the appropriate number of months.
  • Also include vacation money in this list, they relate to annual payments.
  • -Please note in this list all birthdays, holidays, when you make gifts, arrange picnics and divide the amount received by 12.
  • -Be sure to consider visits to the dentist, other mandatory visits to the doctor.
  • -You will have to put it off every month for repairs in case of equipment breakdown, shoe repair.
  • -Do not forget about your animals, consider not only the food, but also the costs of processing animals from insects, for possible injections.
  • The most difficult thing is to take into account expenses that we don’t even think about when we drink coffee somewhere, buy a bottle of water, treat the child with candy or ice cream. You need to pamper yourself and your children, but these expenses should be planned and taken into account.

Interesting! First, you can make two lists, in one of which only monthly expenses are taken into account, and in the other, annual payments, holiday and unforeseen expenses. Then the costs from the second list is divided by 12months and added to the first list.

Analyze the list of expenses

Now summarize, calculate the total amount of expenses.A reasonable action in the preparation of the family budget plan is a detailed analysis and discussion with family members of each item of expenditure. You need to go through all the items on your list. When carefully studying each item, be sure to ask yourself the question whether it is possible to spend less on this item, how much, less, what the quality of life will be. Such a possible saving should not deprive you of the pleasure of earning, relaxing and generally living.Ask yourself questions in the correct form, for example, whether you can, without refusing any services, spend less on them without lowering the quality of life of your and the whole family.

Perhaps only now you have been surprised to find out why your debts are accumulating. And if there are no debts, and you just live under zero from paycheck to paycheck, then it’s time to ask yourself the question of how to save money, how to first create a reserve for unforeseen circumstances, and then make your money work for you,your family, and not on everyone except you.

Financial analysts believe that saving is not very popular right now.Many are interested in how to save money, how to get rid of debts, moreover, constant and growing, but, ultimately, everything goes in a circle. Only a not very large number of people are confident that wealth is created through savings.

How to reduce spending on food: 7 tips

Today we will tell you how to cut down on the food bill. As a rule, this takes the lion’s share of income. With proper planning of this expense item, you can save up to 20% of the budget. And spend it on something useful or enjoyable.

How to optimize food expenses?

Firstly, we’ll make a reservation right away, reducing spending on food does not imply a deterioration in the quality of the diet or starvation. Rather, on the contrary, you will begin to eat better: more healthy and balanced. For example, due to the fact that harmful snacks, fast food and semi-finished foods leave the daily diet. But let’s look at specific tips in more detail.

  1. create a menu for a week
  2. shop once a week
  3. product optimization
  4. prepare lunch at home
  5. don’t buy cooked meals
  6. freeze the food
  7. minimize eating at cafes and restaurants

Now, let’s discuss these tips in details.

Create a menu for the week

This will allow you to kill several birds with one stone: diversify the diet, stop throwing out foods that you did not have time to eat, and understand exactly how much money you spend on homemade food per week. With each week the menu will be more accurate and more correct. After all, you can analyze the mistakes of the past weeks, not buy what you often throw away, and optimize costs.

Proper purchase once a week

It is better to buy products once a week strictly according to the list, which follows from the compiled menu. You only need to buy products that quickly deteriorate – milk and fresh bread. It is unlikely that you will have to do this more often than a couple of times a week. Therefore, along with money, you will save time. Try to make it a rule: do not buy products that are not on the list. Even if you suddenly remembered something or saw a very attractive sale – hold back. Just put the item you want on the list for next week. This rule will teach you to plan more carefully and be more disciplined.

Product optimization

Make a list of all the products you use per week. Highlight the 4 most expensive ones. Write down all the dishes you cook with them. Think about how you can replace them. Make a list of low-cost healthy foods. Find recipes for delicious dishes from them. Replace partially expensive dishes with more budget but healthy ones. Exclude processed foods from your list. They are more expensive and less useful. These two facts negate the plus in the form of a small saving in cooking time.

Lunch with you

Try to develop the habit of carrying lunch with you. It will be more useful and cheaper. The same goes for take-away coffee. Bring coffee in a thermos or make it yourself in the office. Learn how to brew coffee without a stove. So you not only save, but make your small contribution to the environment. After all, coffee cups are not recyclable.

Refusal to purchase cooked meals

This is decided by planning a meal for a week and cooking for a few days in advance. And you can use five-minute recipes. In the case when you really want to eat, but there is no ready-made meal in the house. Make a list of your favorite quick recipes and keep it handy.

Food freeze

Try freezing food that you do not have time to eat. Almost all food does not lose its palatability and beneficial properties after freezing. Exceptions: soft cheeses, sour cream, potatoes, zucchini, tomatoes, cucumbers, green salad, boiled eggs.

Limits on visits to cafes and restaurants

Set a comfortable amount for you that you can spend on food outside the home. Break this amount down by week and monitor your limit. If you are out of limits, reduce the amount for the next week. And think about alternatives to restaurants and cafes. Maybe have a picnic if it’s summer outside? Or invite friends for dinner home when it’s cold outside?

Even if you partially follow these tips, you can significantly reduce food costs. And in order to record your successes, analyze financial information and distribute your income more efficiently – use the program for accounting finances. For example, home accounting. With it, keeping your budget and controlling your expenses, including on food, will be much more convenient.