Page 28 - How To Set Up a Family Budget The Easy Way

are you to plan, set-up and stick to a family budget? Would you do it now? Today? If you knew
how?

Then let us get started, together. There are lots of practical suggestions for setting up a family or
household budget. We will never be able to cover them or the mechanics and intricacies all
here at once. You will however continue to find in these pages valuable insights and tit-bits to
help you pursue better fiscal management and cash flow, budgeting in general.

It is all about making your dollar go further. Investing in the time and effort that it will
take to get to that point of greater financial security and possibly even have a surplus

eventually!

1: Take stock and face the facts head-on, honestly and with serious commitment, drive and
purpose. Assessing your own capital worth and analyzing your home life and situation from a
financial perspective is of utmost importance.

2: Plot your own course. Formulate some financial goals and lay out your own roadmap on how

to get where you need and want to be financially speaking.

3: Take a thorough, critical and factual look at your fiscal situation and status. Unbiased and

honest is best. Get a most recent credit report and look over your bank and credit cards
statements, tax returns and other financial sources of information: stock portfolio, RRSP’s and
more.

Get a financial planner to assist you if you are unsure about what to use and include or not in this
assessment. You might also want to take a broader perspective and discuss retirement, priorities,
insurance needs, will and testament and more, because, like financials, we never seem to take

these crucial life planning tasks and to do very seriously and barely give them second thought or
time of day! The time is now and the place is here to take control of your financial situation and
life.

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