Successful family budgeting is all about staying flexible so you can handle irregular costs, such as birthday gifts or vacations, as well as unexpected challenges, like sky-high grocery store prices or rising interest rates.
When Tom Snyder coaches people in his church about how to budget, he starts by encouraging them to track their spending.
People are also reading… Follow your rhythm, not rulesSeverine Bryan, a personal finance educator and coach based in Atlanta, says a budget needs to stay flexible and constantly adjust to challenges. One of the biggest mistakes people make, she adds, is thinking they have to follow a set approach, such as the 50/30/20 budget.
Bolognino adds that while big expenses such as housing and child care payments are often fixed, other costs, especially food, fluctuate much more. While that means food costs can be high during months you are hosting dinners or going to restaurants, it also means you can trim expenditures with shifts such as planning meals and shopping grocery store discounts.
From there, Macksoud suggests creatively meeting those needs by choosing less expensive options. If going on vacation is important to you, perhaps what’s most critical is being together somewhere away from everyday demands. Her family, who live in Venice, Florida, opted for a road trip together, planned partly by her children based on places they’d seen on Instagram. “We did crazy, off-the-beaten path things,” she says, such as visiting White Sands National Park in New Mexico.
For families struggling to buy essentials, the website 211.org can help them find local food banks as well as bill-paying assistance.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kevin Durant cheered by fans, says Phoenix Suns have 'all the pieces to be successful'Nearly every time Durant tried to speak on Thursday, he was interrupted by cheers from fans overjoyed by the biggest superstar arrival in Phoenix since the Suns traded for Charles Barkley in 1992.
Read more »
Mikaela Shiffrin wins giant slalom to become most successful skier in modern era | CNNMikaela Shiffrin won her seventh career Alpine world championships gold medal on Thursday, after winning the giant slalom in Méribel, France, in the Alps.
Read more »
How Successful Companies Avoid StagnationFrom brand stagnation to slow growth, organizations frequently fail to adapt to changes 📉 Discover how GartnerInsights can change your perspective and help reconfigure your brand’s image for the next generation:
Read more »
Conservationists Tout Successful Restoration Efforts After Dolphins Spotted On Mars For First Time Since 1973MARS—Heralding it as the culmination of years of hard work, conservationists touted their successful restoration efforts Friday after a pair of dolphins were spotted on Mars for the first time since 1973. “It’s incredibly heartening to see the long-endangered Baiji dolphin back on the Martian surface for the…
Read more »
Meet Erin Roberge, the Green Bay Packers' first full-time female athletic trainerErin Roberge likes being involved in the care of Packers players, from injury through successful rehab.
Read more »
Family of Ohio man shot by police while in bed sues officersNearly six months after a Black man was fatally shot by a white officer while lying in bed, his family has sued the officer that shot him and four others in the Columbus Police Department
Read more »