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X-ORIGINAL-URL:https://dadsinbusiness.co.uk/
X-WR-CALNAME:Dads in Business
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UID:MEC-b706835de79a2b4e80506f582af3676a@dadsinbusiness.co.uk
DTSTART:20230911T000000Z
DTEND:20230912T000000Z
DTSTAMP:20230816T190200Z
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CREATED:20230816
LAST-MODIFIED:20231006
PRIORITY:5
SEQUENCE:3
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SUMMARY:Create a new household budget that you can stick to
DESCRIPTION:(Where possible, involve your partner. Otherwise, share this with a close friend or relative)\nSo you mean I can treat myself now?!\nAs I mentioned before, I took time to snapshot where we are at with our family\nfinances in terms of what is needed to stand still today. But what does the\nbudget look like to support it?\nAnd perhaps more importantly, can you – and others in the household – stick\nto it?\nA collective budget with those in the household or one you can share with\nsomeone close to you Is important. I ran my first budget based on the\nhousehold requirements but didn’t share it with anyone, and when things got\ntighter a couple of weeks before payday was due, I was frustrated with my\nwife because she had overspent on something I hadn’t budgeted for – but\nhow was she supposed to know?!\nI found creating a budget quite energising and motivating to do. Rather than\nhide from budgets or do a kind of budget, we sat down together and looked\nat what we have vs what was needed and looked at way to plug any gaps,\nraise our ambition and look at our relationship to money and what is either\nenables us to do or stopped us doing in the first place.\nI review our budgets every quarter as I’m aware that seasonal pressures mean\nthat in some periods we need to adapt budgets. I know when car leases are\ndue, insurances are renewed and feel much more in control, without the\nbudget becoming controlling.\nIt’s a very liberating exercise to do –\nI even got to treat myself – how about that!\n
URL:https://dadsinbusiness.co.uk/events/create-a-new-household-budget-that-you-can-stick-to/
CATEGORIES:Money
LOCATION:Page 60-65
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