One Common Mistake When It Comes to Family Finances

Your family budget looks great. For one thing, you have an emergency fund that has enough money to tide your family over for three to six months in case of a job loss or similar situation. Moreover, your budget makes provisions for expenses incurred and how much cash flow there is. It also allots money for items such as vacations, college savings accounts, and retirement accounts. However, there’s one potential area of weakness, and it comes in the form of a word that many people dislike: … [Read more...]

How Do You Budget Your Money?

So I'm looking for a little advice from my wonderful readers today! I am thinking about starting the cash envelope system for budgeting my family's expenses.  My question is, have any of you ever done this?  Did it work?  About how long did it take for it to really work for your family?  Any other tips would be wonderful, too! If you don't use the cash envelope system, do you have another way that you budget your family's expenses?  I would love to hear about it! Thank you in advance! … [Read more...]