The power of a family budget during these uncertain times
A timely and informative article on family budgetting. It makes several excellent points, with the central theme that the entire family is in it together, so a common plan is useful and more likely to succeed when everyone has at least some idea of the general family finances. It makes the point that not every detail on say credit cards needs to be shared, but some general direction on that is very useful to let everyone appreciate the family situation.
Don’t have a family budget? Yikes! | Globe and Mail
“It’s beneficial to consider the family as a financial team,” Mr. Heath says. “All team members should be in on making decisions or being aware of the current status of the financial situation.” Making it a team effort will help cut down on the stress of constantly nagging the kids to turn off the lights or spend less time in the shower.
