ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Your family budget is very important

Updated on August 15, 2016

Family Budget

Most people at some point of their lives found themselves in financial straits when they saw their expenses were so big that they did not know how to get the money to leave their accounts to zero. I think many of us have more or less gone through that situation.
At all times of life we need to be organized so that things go well, and even more when it comes to managing our money. So if we want to have a healthy economy, we must have a spending budget to know in what we are going to spend or invest our money.
It is not necessary to be a financial expert to learn how to make a spending budget and organize our economy. Among other things, it requires some thought and write down which are the essential and basic expenses we need to live, then compare them with our incomes and try not to exceed them, because if they exceed our revenues we are in trouble. So, if there are excess costs, it may be due to the following two possibilities:
1) We have an exaggerated basic cost of living. In this case, we have to observe again the expenses and eliminate those that are not really necessary.
2) We have insufficient incomes to cover the expenses that are minimal and really necessary to live with dignity. In that case, we should see how to generate other income sources of money to can supply all the basic needs.
I think this is a very exciting topic because it seems simple seen from outside, but when we begin to have problems with our finances and we want order us to stay afloat, not everyone achieve good results and not everyone have enough behavior to succeed in this area of their lives.

The Family Budget can be defined as the amount of money we need, in a period of time, to deal with the overhead of our family. This period of time can be weekly, biweekly, monthly, etc. It depends of the period in which people receive their salaries, the period in which they receive their income or the period when people decide to schedule their expenses. We can say without fear of being wrong that those who do not have a budget and a control of their spending inevitably go towards economic failure. Having our economy organized allow us to know in what we spend or invest our money, but also allows us to see what savings capacity we have, and based on that we can project the future and see how long it would take us to achieve some specific goals. For example: go on vacation, buy something that we need for the house, change the car, see if we can send our children to a better school, etc.
It is not difficult to create and follow a reasonable family budget, but it can be annoying because it forces us to sit down, analyze and put a cut to many of our bad habits with the use of money. We are immersed in a highly consumerist society and it is not easy for us to reflect on how we spend our money, whatever our goal. Following a family budget requires we think carefully about our spending and understand well our financial situation day to day, week to week or month to month.
It is important that when we plan our economy and reflect it on a budget, we take into account all expenses we know will be, no matter how small they are. We must also be constant in respect what we budgeted, so that with the pass of time we will make it a habit to comply our family budget. When we have it incorporated as a habit, unfailingly we will achieve the success in this area.

Budgeting in Plain

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: "https://hubpages.com/privacy-policy#gdpr"

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized. (Privacy Policy)
    CloudflareThis is used to quickly and efficiently deliver files such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisements has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)