Plan a Budget

Why Do You Need to Plan a Budget?

If you haven't been much of a budgeter in the past now might be the perfect time to stop and think about putting one into place. The economy is in a pretty rough place right now with people losing jobs and being laid off left and right. It's time to sit down and take a look at the income you have coming in and the money you have going out. We all need to make sure we plan our budgets carefully!

It's sound simple enough (knowing what you have coming in versus what you are paying out) but so many people don't pay attention or their spouse handles the bills so they again are still unaware. As stated above the economy is in a bad place right now so you need to know what's going on financially. We need to find creative ways to make those ends meet!

Another reason to set up a monthly budget is because if you feel like there's never enough money and you are always struggling to make ends meet, but would like to be able to splurge every once in awhile and treat your kids to something? Now is the time to your educate yourself on how to plan a budget!

It's also a good idea to start teaching your children about money and budgeting. I can say from personal experience of growing up with never being taught about budgeting and the importance of saving that it eventually cost me lots of debt and headache! Get your kids on board as soon as they are old enough to understand the concept of what you are doing. My daugther started with a paper route at a young age, and I was telling her to keep her EYE on her car that she wants in the future! She places a budgeted amount in her savings account, and uses the rest for her odds and ends. I want her to have the tools so many people were NOT given!

Mom's Talk eBooks has a great guide, Guide to Family Budgeting that is filled with information on why your family needs a budget (aside from the reasons listed above), analyzing your finances and changing your thinking, planning your budget and how to do more with your money. You will also find tips that will help you show your children how to save and manage their money as well. Now is the time to become educated on how to plan a budget. We all need to learn how to become creative with that budget!

Remember if you are NOT pleased they do have a refund policy in place for the guide to help you plan that budget!