True Cost: How to Calculate the Financial Needs of Your Family

When you sit down to write out your expenses, you probably know that you need to account for mortgage or rent, heating, electricity, water, car bills, credit card payments and student loan debt. However, don’t forget to account for the smaller bills too. For example, you might need to contribute money to your children’s sports team, or you may have small private loan that you’re still paying off. Don’t forget that money has to pay for food whether you’re going to the grocery store or eating out at restaurants. Don’t forget to factor in things like insurance and saving for emergencies.

3 Keys to Teaching Your Kids Financial Literacy

Teaching kids how to take care of their money while they are still kids can help them become financially healthy adults. They must learn how to take care of their money, even if their school doesn’t offer classes in money management. You, as their parent, should teach them about the concepts of budgeting, saving, and spending. If you do, they stand a better chance of developing excellent and healthy financial habits that will benefit them well into adulthood.

Cut Your Food Budget and Save Big

?Feeding a family is a big expense. Typically an American family spends 14% of their budget on food. If you want to eat a nutritious diet or if you have food allergies or medical conditions, groceries will cost much more. Keeping these tips in mind can help you to save big money on your family’s food budget.

How to Save Big on Your Weekly Food Shopping

While food is definitely a necessity, sloppy spending at the store can leave your monthly budget shattered. Instead of constantly bringing food back to the shelves because you can’t afford the items, or seeing perfectly good produce go to waste in the fridge each week, use some budgeting tips to make the next shopping experience less stressful and a little more effective.

How to Manage Your Debt

Most people hate, hate, hate the word budget and everything it stands for. For budget haters, curbing spending habits feels very restrictive. However, this is the wrong way to look at it in terms of debt. Having a budget means you always have money. At least that’s the goal.

5 Tips for When Money is Tight

Money problems cause stress in the home and they can lead to tension and even divorce if they continue too long. Don’t ignore financial problems. Instead, adopt a proactive attitude that puts you in charge of your future. Learn from the following tips to get the help you need right now.

Breaking the Budget Bonds: How to Free Up More of Your Finances

If you’re like most people, you realize that you put a budget in place to limit spending and to reach other financial goals of saving money or paying down debt. Of course, like most people after living on a budget for a while, you may find that although it does help you save and get rid of debt, it doesn’t make life a whole lot of fun.
The answer to this dilemma is not to change your budget and reduce your savings, it’s to change your bills to free up more of your money. Use these tips to help get more freedom in your budget.

Signs Your Finances are Sinking

Money problems are always difficult to work through. If you’re not prepared to make some changes and look critically at your budget, you could be in for a long ride.