Family budget - what is it? How to plan it correctly?

Almost every young family, faced with financial issues, begins to be interested in the concept of the family budget. Someone adopts a model of financial management from their parents, and someone tries to create their own system. However, many people do not know such a thing as the family budget. What is the family budget and what it is needed for - this will be discussed in this article.

General concept

One of the main moments of the marriage union is the accumulation of money and the ability to use them correctly. And it does not matter what level of income, because the lack of competent distribution of money can even make a millionaire a person with an average level of prosperity. Thus, the concept of the family budget includes a complete list of all incomes and expenses for a certain period of time. Usually this period is one month. At the end of the period, the analysis of receipts and spending of funds is carried out in order to calculate unnecessary expenses in order to find a way of accumulation. Summing up, a married couple learns to follow the compiled financial plan to achieve monetary well-being. Regardless of the wages of each family and financial wealth, each cell of society can learn to treat its wallet meaningfully. The conduct of home accounting has the principle of the same action, on which the economy is created. The family budget differs little from it, and knowledge of its foundations will be useful not only for a young family, but for all who want to learn financial literacy. Having learned about all its advantages, it will be difficult not to try such a system of financial management at home.

How to create?

The components of the family budget are closely interrelated. That is why a change in one category entails a change in the entire planning system.

First of all, it is necessary to be realistic. To do this, the resulting amount should be divided into several parts. For example, one part goes to pay for utilities, another part for food, the third for clothing, and so on. Distributing the total amount of all income coming in a month, you can understand where the money goes. Having determined the most priority categories of expenses, it is worthwhile to carefully analyze them. Let's say that you can spend less on entertainment, thereby saving your saved money in the "Accumulation" section. Thus, it becomes clear in a clear example how to allocate the family budget. To make it easier to calculate expenses, it is necessary to have several envelopes, signing each one. Within a month, you can see where there is still a stock, and where financial resources are already running out. This method allows you to perfectly control the expenses of the family budget.

In addition to savings, funds must be invested. This can be a regular deposit account. Financial assets are gradually depreciating, so they should be invested in something. Accrued interest on a bank account can be an excellent alternative to investment deposits in high-priced metals. Naturally, there are few families who can invest their money in real estate and other assets, but deposits are available to everyone today. That's why you should monthly replenish your account with the bank, even in small amounts. Perhaps someone will postpone the children's education, and in 10-15 years, minor contributions will turn into good capital for a prestigious educational institution.

Who is in charge?

From the very title of "family budget" it is clear: there are no main. In the personal planning of their funds, the leader is the one who earns them. In this case, both parties are responsible for the accumulation of funds and for their expenditure, respectively. Asked by the question: "Family budget - what is it and for whom is it needed?", One can not even doubt the correctness of the subsequent answer. The concept carries a sense of the preservation of family values, not only in the material plane, but also in the spiritual. Creating something in common, the couple becomes stronger and more responsible for their actions. Therefore, there is no category of the main, everyone has the right to manage and adjust the family budget. Revenues and expenses should equally be borne by both spouses. Then the family will have a mutual responsibility and the question of instant waste of wages will be decided by itself.

Having decided that both spouses are involved in family budget management, it is necessary to draw up a further plan that answers the questions: what is necessary, what is needed, what do we want? After this, you should monitor your expenses within three to four months. Only then will it become clear which way to proceed.

There is a general management of home accounting, but there is a separate, that is, each spouse commits spending from his wages at his own discretion, but free funds are added to the common fund for the realization of joint goals. Determine the type of budget before you create it. If it is separate, then the costs must be divided in half. For example, someone pays for utilities, and someone buys food. This applies to all graphs, so responsibility must lie individually.

Planning of the family budget

As it was said above, it is necessary to make a monthly plan for the distribution of income and expenses. In order to know how to plan a family budget, you must first decide on common goals and desires. Sometimes there can be disputes and disagreements. Not always the purchase of a certain thing is necessary for both members of the family. That is why, before you write down the items of expenditure, you should decide with them. Next, you need to highlight the priority items and everyday expenses. To save up for the purchase of a major thing, you need to save a portion of your salary. If there is not enough money, then some items of expenses should be reduced. Only at first glance, it seems that it is difficult to plan the budget. In fact, over time, a certain perception of things will form, when it becomes possible to understand that some thing is absolutely unnecessary and can be saved on it. So a person learns to give himself up in superfluous pleasures that just empty the wallet and do not bring anything useful.

Apparently, there are many answers about the benefits for those who want to build a family budget. What is planning for the family? It is the creation of joint long-term goals that only strengthen relationships and teach together adequately to treat different values.

By combining their incomes, the spouses will no longer be able to make surprises to each other, since the entire level of wages will be known and it will be divided by day. If this fact confuses someone from the family, you must first agree on their personal, pocket money.

Learning to save

Speaking about savings, it is necessary to adequately assess the family budget. Families who even have a rest on credit are simply obliged to do their financial literacy. It is necessary first of all to live by its capabilities. Some people, suffering undervalued self-esteem, try to increase it by buying expensive things in debt. They do not think about how to repay these debts. Better a few months to refuse to purchase unnecessary trinkets, and then, after accumulating a certain amount, buy the object of your dreams. Thus, you do not have to overpay extra interest on loans.

You should also always remember about what you have to save for. Then it quickly turns out to put in order the family budget. The expenses of the family will become meaningful, and the goal will be to spend less than you earn. Of course, this does not mean that you need to deny yourself everything and everywhere, just spending is necessary to analyze.

There are models of home financial control when one person works, and the other is on its content. Naturally, that spouse who does not work should adequately treat his expenses and desires. This applies not only to families where the income level is good, but also those where money is not enough. It is necessary to allocate priority things and secondary.

Income and expenses

The family's income consists of two spouses' wages. It is important to take into account all income, including premiums, and allowances. This is the only way to create a family budget competently. The family's income and expenses are so carefully planned that it allows scrupulous monitoring of the cash flow during the month. If for someone it seems too complicated, then we can simplify the task. For example, you can calculate the cost of products by keeping checks from supermarkets. On a certain day (better at the beginning of the month), you should calculate the amount of checks and write down in the column "Expenses". The same goes for clothes. Entertainment, maybe, and not get so controlled, but it is worthwhile to get a special envelope for this item and to postpone the required amount.

Answering the question: "Family budget - what is it and how to plan it?", You can get an answer from the monthly monitoring of your financial resources. Even without special knowledge, you can understand where the money goes missing.

It is most convenient to use special programs created for the conduct of home accounting. Today there are a lot of them on the Internet.

Benefits of the Family Budget

The maintenance of home accounting gives a clear answer to the questions: where do the money come from and where do they go? Just starting to count your income and expenses, you can understand why this is needed. With the advent of new desires, it becomes clear how to allocate the family budget. The need to save money appears by itself, when it becomes clear that all wages are not enough to buy the desired. Then home financial control comes to the rescue.

The benefit of the family budget is also that a person becomes more confident in his abilities, develops a sense of control and self-organization. Spouses also learn not only to waste their money freely, but also how to plan a family budget. Banal quarrel concerning financial issues, cease. Thus, the advantages of running a home accountancy are undeniable. Every family who wants a stable welfare should introduce such a system into their lives, and this should not depend on the level of income. Money is one of the most significant aspects in life and must always be under the control of a person.

Sometimes there are arguments about the different levels of wages of spouses. Here you can find and benefits. One of the spouses will feel much more comfortable when his income level becomes average, that is, after the amount of salaries is divided into two, they will become equal. Of course, you need to spend money equally, otherwise there may be misunderstandings.

The correct family budget

Before you create your own family accounting, you need to understand that the priorities and desires of both spouses, at least in some ways, coincide. You should decide on the purchase of major purchases. It is also worth determining the period during which they must be purchased. As it was said above, the components of the family budget are first of all incomes and expenses, further it is possible to allocate reserves and investment capital.

Thus, in addition to the usual expenses and receipts, there must be accumulation funds that will act as a "safety cushion". When there are such reserves, the family feels much more confident and calmer.

Having learned the advice how to save the family budget, you can start to postpone monthly 5-10% of wages. After some time, this amount will be already impressive size, it will allow further planning of purchases and formulate goals. Those funds that remain after all payments on mandatory budget columns are called free. They can be disposed of at their discretion, but do not forget about the goals. That's the purpose and serve as the main deterrent to the way to meaningless purchases.

Large purchases

Some look with surprise at those families who receive an average wage, but at the same time constantly go on vacation and make expensive purchases. How do they manage to do this? It's all about the proper management of home accounting. Having distributed all receipts and having correctly organized your budget, you can safely set goals. And they really become achievable.

People living on loan are constantly in a state of stress. Buying expensive things on credit, they get into a debt hole. All these emotional purchases not only force you to spend much more money, but also constantly worry about your solvency. And if something unforeseen happens and there is nothing to pay on loans? That is why borrow money only if the thing is purchased for earnings (for example, a truck for cargo transportation). You can also borrow money to expand your business or open it. But not for the acquisition of some kind of jewelry or the same household appliances that does not pay for itself, but only grows old over time.

Getting a large amount of money, do not try to immediately spend it. It is known that a person's psychology is so arranged that he tries to spend more than he receives. He always lacks something. Therefore, having learned to control your desires and emotions, you will manage to manage your capital, which will soon lead to a stable well-being.

Helpful Tips

To save the family budget, you need to know some tricks. For example, some people like to eat in a cafe. Of course, it is not convenient for everyone to get home at lunch time, but when you buy food in catering establishments, you spend a decent amount for this month. Therefore, in order not to expose your wallet to unnecessary expenses, it is better to take food with you to work or to eat at home. Naturally, sometimes you have to have a snack in a cafe, but this should be in the budget version. Do not order gourmet meals, thinking that this happens rarely enough. So it will not be possible to save a piggy bank of a family and correctly plan the family budget. Income must exceed costs - forget this principle.

A person who can not afford to buy expensive and high-quality things can become even poorer. This is explained by the fact that buying cheap clothes, poor-quality furniture and equipment, you have to do it much more often. That is, these purchases have a short lifespan, and they have to be replaced by the next, the same short-lived. That's why, wanting to save and save money, you need to buy only quality things, even if it's less. This applies to everything: clothes, equipment, and even food.

Speaking about food, you should carefully study what is most "pulling" the purse. For many families, the greater part (namely, 30%) goes to the sweet. These products are not only harmful but also undesirable. They can be replaced with fruits and vegetables. This will not only save the budget, but will also be healthier. The same goes for harmful products, such as chips, pistachios and soda. It is better to replace them with more useful and cheap food. Perhaps at first it will be difficult to give up tasty, but harmful dishes, but over time the body will get used to useful food, and home bookkeeping will be replenished with several thousand rubles.

Thus, the management of the family budget should not become a rigid economy for all spheres of life, but a competent and deliberate treatment of money. Do not immediately abandon the above ideas, how to save the financial means of the family. It is better to first try and after a while it will be seen that this is actually a good system, allowing you to establish relationships with money.