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How we can secure our family budget?

Updated on May 5, 2012

Good home,car,good education for your children, their marriage and the other physical facilities these all are the dream of a common man.if we have good planning we can lead a good life.


Generally says deposit is nothing but we are keeping our money for our future programs. We will keep this money in our hand or deposit in any savings account. There are no risk behind it ,but you will not get much earnings from this .it is only thing which nobody will show much interest on it.This money will not grow as much we need.


Deposit is different in this we will put money in special area by taking some kind of risk in order to grow.we can say savings account is for earnings and fixed deposit is for deposits.

I think we are giving more importance for order to secure ourselves we can give more importance to deposit. For example if a person earns 1dollar continuously for a long time it is tough to him to survive with time periods. If he deposits it wisely he can assure a good profit. The short period deposits will not give much profit. Deposit it in good areas in order to find money for future planning.

Family budget

If we plan a good family budget we can lead a good life.

First you prepare a list with the expenses and income for one year. Room rent, electricity, traveling and other expenses all these things should include in it.

Prepare a separate bank account

Normally what happens, our life will get affect badly when unexpected big expenses happen. But if we move with proper planning we can overcome all these expenses. Insurance premium, educational expenses, festival expenses these are the expenses which will affect our will be foolishness that if decided to see all these expenses on the respective month. For example if we have to deposit any premium on June we can make the preparation from January by keeping small amount per month we can easily overcome this. For making shopping for any festivals we can prepare early some months. The amount which we are separating can put in a separate savings will help us keep the money secure by not using for any type of other expenses.don't use any debit card or ATM card for this account.

Usually we keep all money in one account. It will not give proper idea about our financial last we will go for credit card or loan.

Income first expenses next.

We are depositing money which we have as balance after our expenditure. We should find money for our future will help us to achieve our will also help us to control our expenditure.

Give value to our money.

Think about value of your money while you are in shopping.make big shopping in discount seasons.

There are two types of expenditure unavoidable and discriminating expenditure. Discriminating expenditures are that which we can decide to go for it or not. When we are in money tight condition avoids these type of expense.

Retirement planning

The life after retirement will be a tough to anyone. We can deposit the retirement money to ensure fixed income monthly. We can use share market, mutual funds and fixed deposits for this. Banking system usually gives more value for retirement money. They will give more interest than usual one. We can also go for another job which will give you extra money. You can use your talent and experience for better will give you a good mental health and physical health.


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    • vims003 profile image

      Vimesh Ummer.U 5 years ago from india

      thanks anusujith...

    • anusujith profile image

      Anoop Aravind A 5 years ago from Nilambur, Kerala, India

      Good hub. voted up.