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How to Carefully Manage Family Finances

Entering the marriage stage is a happy time for married couples in wading a new life. But keep in mind that, starting a new family is not as easy as one might imagine, there are many things to think about more thoroughly, especially you must learn how to carefully manage household finances. A change of mindset must be done because your money is shared money, so it cannot be used alone like when you were single. Often, whatever the amount of income, there are still people who lack money at the end of the month. The main problem is actually not the amount of income, but how carefully how to manage it.

Actually managing family finance is not as difficult as one might imagine. The thing that needs to be done is that communication regarding the entry and exit of money must be done honestly, as-is and transparently without being hidden. This becomes easy or easy when mutual trust is awakened and maintained by one another. Having a little or a lot of money is not a problem, as long as you can arrange it carefully and precisely. If you want to know how to carefully manage household finances, you should learn the following simple steps:

The first step you need to do is track your daily shopping needs. Pay close attention and examine where the money is spent in everyday life. It is better to avoid shopping for expensive items that will spend money, because the more money that is drained to buy expensive goods, it will drain other budgets so that it is difficult to shop for other needs. In fact, not infrequently spending on expensive items will spend overtime or other income. Do not be too easy to lose money by spending money here and there for the needs that are not too important, such as buying snacks, drinks, and so on.

The best way to find out where the money is spent is to make a shopping record. Record all expenses for one day or at least every week. This step is very easy and fast to do, it only takes a few minutes, but you will be able to find out where the money runs out. Activities to record these expenses can be done alone or together with a partner. Know all the habits that increase spending and write each purchase, no matter how small the purchase, such as snack habits, hang out at the café, and so on. This is not to judge yourself, but to get to know yourself better. By looking at the habits that spend money every day, you can take a picture of the actual expenditure, so as to be able to make realistic spending choices.