Budgets aren’t just for growing businesses; family’s budgets are just as important as a local business. After all, your family, your children, your pets, and your spouse are all depending on that budget to work in their favor, for that bottom number to be positive. It may seem easy to stick to a budget, but when you start racking everything up you can be amazed at how much you are spending.
My family spent $1,700 in groceries last month alone. That’s nearly one paycheck for me. I couldn’t possibly imagine it would be that high. I assumed that we were buying unnecessary food or throwing out more than what we were eating. But after going through the bills I realized we needed all of that. I already clip coupons and go through the weekly flyers, but cut backs still needed to be made.
A friend told me about how she used financial software to budget her family’s expenses. I assumed that only businesses used that, but she told me that when you look at household expenses in general it really isn’t that different. We have payroll, I pay my kids a weekly allowance. We have heating, water, electric, cable, and internet. We have profit coming in, myself and my husband’s paycheck. I assumed the software would be hard to use, but with a few friendly online tutorials I was off and running.
I always used to laugh at my mom for driving across the street because chop meat was on sale for a nickel less, but now I understand that every penny adds up. I have been using the financial software for about six months now. We are now able to plan our family vacation to a five star resort to Hawaii in the summer.