Saving family budget starts with planningPhoto: Getty

Family Budget Expenses: Typical Mistakes

Financial difficulties happen from time to time.in all families, but they are most disturbing to young couples who are just starting to live together. There are many reasons for this: the habit of relying on parents who will not leave their beloved child without means of subsistence, and the inability to plan expenses and save, and the desire to immediately buy a thing they like without taking into account their financial capabilities, and banal shortsightedness. Most young married couples, even if both spouses earn well, make the same mistakes in budgeting.

The bulk of the funds spent in the first days after the appearance of money.

A significant amount of finance is spent primarily on personal needs. This is explained by the simple and natural desire to buy what has long been wanted, since the money has appeared.

Payment of utilities, housing, loan repayment is postponed until later. As a result, funds for them are not enough, and debts accumulate.

Purchases are made without taking into account the views and needs of the spouse (spouse).

The need to create a reserve or insurance fund for unforeseen circumstances is not taken into account.

As a result, money runs out quickly, and more appearsnew debts, and the husband and wife, trying to find the cause of financial problems, blame each other. Instead of thinking about how to distribute the family budget, they begin to count who earns and spends how much. Family conflicts on the basis of distribution of funds are the most painful and destructive. They leave an unpleasant aftertaste for a long time and cause a feeling of alienation.

How to build a family budget correctly

The main condition for resolving problems related tofinances, - the realization that these problems are common, as is the budget and its expenditure items. Therefore, it is worth calmly discussing where and how the money earned will be spent. And here a few simple tips will help.

First, allocate money for priority monthly payments - maintenance of the apartment, repayment of debts, etc.

Determine the minimum amount of money you need.for food, and do not spend this money for other needs. At first, it may be difficult, but there is a way out: after the money for item 1 has been set aside, purchase all the necessary food products. But after 2-3 months of living together, it will be easier to plan the flow of funds for food.

Calculate what other inevitable expenses will cost you - gasoline, fitness, seasonal shoes, clothes, etc.

Agree on how much you will be able to allocate for out-of-pocket expenses, but do this only after the funds for the first three points are allocated.

Set aside NZ - insurance or savings fund. It is necessary not only as a basis for developing the well-being of your family, but also in case of emergency.

After the distribution of funds, it may turn out thatthat there is not enough money, for example, for pocket money or there is nothing left to put aside at least a little. Then once again carefully review the budget allocation and reduce expenses. Learn to live within your means. Just do not touch the first item under any circumstances, otherwise the amount of debt will increase and the threat to your family's financial independence will increase. Also interesting:

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