Page 37 - How To Set Up a Family Budget The Easy Way

You can go to a dental school to have your teeth cleaned, filled, orthodontic work done, etc.
The cost is approximately half what you would usually pay. Note: Make sure you have some
extra time as this takes a little longer.

10. Avoid expensive friends
Avoid friends who want to go for drinks all the time or suggest an evening at home. The money
you spend on drinks and snacks, can buy something better, or go into your savings account. Also

avoid friends who want to have supper at your house because you are a "good cook" what that
really means is that they are saving money while you are grocery shopping.

11. Keep Track of Your Expenses on a Daily Basis
I call the bank's automated line and do my banking every single night before I go to bed. I can
see what checks and/or debits from my debit card are posted and what my running balance is. I
compare with what I have in my checkbook or with receipts. This only takes about 10 minutes.

Often people get into trouble when they try to keep a running total of what they have left in their
head and get into trouble.

12. How To Live Within Your Budget
Organize, budget, and beat stress.

13. Know what you spend
Establishing a budget, and periodically entering all of your purchases into money managing

software, should take the guesswork out of your finances. At the beginning, minor changes will
most likely need to be made to your budget. Once you have a finalized budget, one person
should be responsible for maintaining the budget and tracking finances. I sit down with my wife

on a monthly basis and go over our financial results. If we are close to exceeding a budget line
item during the month, I will tell my wife and we adjust our spending accordingly.

14. Cut down on interest
With bills happening throughout the month, people can find themselves poor one part of the
month, and rich during the other. My bank offers free online bill pay, so I take all of my bills,

and divide it by 4. I then pay weekly, so I always have the same spending cash each pay check. It
also cuts down on the interest that accrues.

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