Are you the head of the household of your family and need some tips on making your life a little simpler? Those that work, take care of the kids and pay the bills have a hard time keeping everything organized. Below are some tips to help budget your household and some maybe even have some fun doing it.
Keep your financial records current. Keep a filing system and create folders for items such as receipts, tax returns, billing statements, bank statements, credit reports, etc. Keep everything in one designated place so it is easy to find when you need it. For your mail, have one designated place to put it daily when you receive it. Most all of us have misplaced our mail at one time in our life. Misplaced mail could mean late payments, which means late charges. Set a specific time of the day or week to handle all of your bookkeeping and stick to it. When I speak of bookkeeping, I speak of paying bills, filing bills, going through your mail, etc.
If you have online banking with your bank, set it up. I cannot tell you how easy it is to pay my bills with my online banking. The day I receive a bill in the mail, I will log into my bank account and schedule the payment. The bank then sends the payment by mail or electronically and has it paid on the date that I scheduled it to be paid. This service is even free with my bank. It saves time writing out checks and I also save on the postage.
Get your kids involved in your budgeting. Pay your children an allowance. Have them use the allowance for things they want to buy like candy, movies, toys, games, etc instead of just giving them money when they need it. Having your children pay for their own stuff with their own money will teach them at an early age how to spend wisely.
You can save hundreds of dollars per year shopping at the lower-priced food stores. You might even save thousands depending on how much your family spends and where you shop. Convenience stores will most often charge high prices then compared to a grocery store. Don’t go to the store when you are hungry either, this will cause you to buy more goodies then you would normally buy. Be wise and compare price-per-ounce or other unit prices on shelf labels.
When setting your family budget, don’t make your budget so tight that it’s impossible to keep. Set goals, short term and long term and try your best to achieve them.
© 2006 Stefani Partin, a mom of 3 owns a network of webwsites for moms. She dedicates her time to helping other moms find ways to make money at home too. Need help? Visit: