If it is sometimes easy to manage your personal account, it is not when it is a joint account (family budget for example). It is important for anyone to know how to manage a budget. Because financial operations (purchase and sale) as well as expenses are not lacking on a daily basis. It is not uncommon today to encounter households that have difficulty managing their finances (difficulty saving money on a monthly basis, repaying their debts, financing their projects, etc.). Especially when the costs keep increasing. Managing a family budget is a very heavy mission. It is then necessary to know certain basic rules in budget management if you did not have any. Then read this article which gives you some rules to better manage your family budget.
Make an inventory of all your resources and expenses 3 Avoid over-indebtedness. A pool of credits 5 for joint budget management 6 Avoid bank overdraft situations Collaborate well with your banker. What does a family budget include. A family budget includes resources (income also called revenue) and projected a household. These are generally divided into three categories each. Resources include labor income, social income (retirement, pension unemployment benefits, family allowances, etc.) and miscellaneous income (interest, rental income. They involve fixed expenses (energy bills, internet, telephone, rent, taxes, children’s canteen, mutual insurance, etc.). Current expenses (food, transport, purchase of clothes, gasoline, leisure, etc.). And occasional expenses (car repairs, children’s extra-curricular activities, etc.). A family budget then varies from one household to another, depending on its resources and expenses. However, several elements can affect a family budget.
Contents What Does a Family Budget Include?
In some cases, extra and unforeseen expenses relating to the mode of consumption for example can arise and shake your budget. In other cases. The financial situation or even the professional career which sufficiently influence the family budget. Another key element that is hong kong mail to cause an imbalance in family budgets is over- indebtedness . The multiplication of credits can only complicate the management of the budget. It is therefore necessary to know the basic rules to better manage your family budget. Make an inventory of all your resources and expenses You understood earlier that the budget includes all of your resources and expenses. To start with good budget management, you must start by making an inventory of these elements. Sometimes, when it comes to a household with several children, the expenses are so great that they cannot be covered by all the resources.
In this case, take an inventory of all your resources and expenses (don’t forget occasional expenses). This inventory is nothing other than the establishment of the provisional budget. It will allow you to have a clearer idea of your finances in order to think of adequate perspectives for a healthier management of your budget. To do this, refer mainly to your invoices that you keep and your monthly account statements. If your expenses greatly exceed your income, then your family budget is not balanced. Then think about reducing expenses by eliminating the less important ones.
If You Are Skilled with Your Hands or Do E-Commerce
If you have good products to offer online). Avoid over-indebtedness There is no longer any need to prove that a person who is indebted or over-indebted always feels financially blocked. Over- indebtedness is a situation that can act as a brake on the financial development of a household. It generates other situations not only financial (loss of financial autonomy), but also social (for example social exclusion, loss of housing, precariousness, etc.) and health (psychological disorders, stress, etc. .).