Managing the family budget is now more than ever a duty: but how to do it in the right way
What are the methods we have available to keep household expenses under control
Here is a guide for you that will help you better manage your family budget. Family budget: how to keep it under control
Organizing the family budget means having a clear idea of ​​what our income and expenses are, not only personal, but of the whole family. Thanks to this system you can monitor your financial situation at any time, even managing to put away some money for extra expenses or for your personal savings.
To succeed in this venture it is good to know that you will have to take into account, in a precise way, of all family income and expenses . Only in this way will you have a precise and realistic situation of what your personal and family finances are.
To get an estimate that is as close as possible to what your family needs are, I suggest you take a few hours to calculate what the expenses have been in the family in the previous year: this will help you understand what the needs are and family economic skills. It will also help you understand how close you are to the goal you could set (for example, save 10% over the previous year).

  • Programs for the family budget : you can easily create one using Excel but, if you are not very familiar with the PC, you can download special programs to keep track of all your expenses (for example Ipase, which is free).
  • Family budget apps : the best ones are paid, but you can easily find free ones too. Once installed on your mobile you just have to remember to write down all the family entries and exits directly in the App. Some even come with a tally of what your available balance is calculated from the difference between your income and expenses for each month.
  • Books for the family budget : One of the most famous is the Kakebo method which I have talked about in depth in this article . Keeping track of all your expenses and all your income helps you to better understand what is the waste and what are the expenses that you can reduce to save more money each month.

Once you have identified the method that best suits your needs, you will need to make an estimate of what your family’s annual expenses are: the more you can make an accurate estimate, the greater the control you will have of your expenses.
A good idea that I want to suggest is to write down expenses by “category”. It may seem superfluous at first, but I assure you that it will be of great help if your monthly expenses exceed your income. These are the categories that I recommend you include in your family budget:

  • Leisure : all expenses for entertainment (pizza, cinema, restaurants, disco and the like)
  • Shopping : all expenses relating to purchases that are not strictly necessary (clothes, shoes, cosmetics, hairdresser, beautician).
  • Bills : annotate when you pay every month (or two months) for electricity, gas and telephone.
  • Food shopping : write down all the grocery receipts because, by following these strategies, you can certainly be able to halve the monthly cost of this issue!
  • Fuel or other means : it will help you understand how much you spend annually on the car or on the subscription to the means
  • Health : write down the costs of medicines and specialist visits. It is not an expense to “cut”, but it is important to know in advance what the annual expense dedicated to this item will be in order to plan the expenses for the following year.
  • Insurance : knowing how much you will spend on this item (car, moped, house or animal insurance) could help you find valid alternative solutions to save.
  • Installments : If you have goods that you buy in installments, keep a record of all these expenses. You may find that you have accumulated too many without there being a real need. It will help you think better about your next purchase.
  • Holidays : if your budget allows it, try to accumulate a fixed amount each month based on your availability. Whether we are € 20 or € 50, it doesn’t matter. You will have put away a small nest egg for the summer holidays that will weigh you less than a single monthly payment.
  • Unexpected : dedicate a budget of 100 € per month (or what you can) for this item. it will help you not to find yourself in trouble in case of unexpected expenses and, if they are not there (yeah!) you will find yourself with an accumulated nest egg.
Previous articleCycling, Bergen World Cup: the medal table. Splendid Italy, seven medals and a smiling future!
Next articleProstate removal and impotence