Creating your first family budget

February 19, 2013 in Best of Both, discount coupon, Finances, meal planning, Product review, Resources, Review, Shopping Strategies by MyBestofBothWorlds

create your first family budget

Was creating your first family budget on your to do list for this New Year?  Don’t stress it, most people make promises to themselves meaning well, but just don’t get the opportunity to follow through on their good thoughts.  It’s only February and you still have time to get on the right track with getting your finances in order.

Do you know where does your money go every month? You have to sometimes wonder if the same little creature that steals socks from your laundry is somehow swiping your debit and credit cards or writing checks in your name. We all know that we need to save money and plan for the future. We might be tempted to run a marathon up hill in the snow before sitting down and seeing where money goes every month.

Before you throw in the towel and decide to give up on your New Year’s Resolution of saving for your kid’s college tuition, that family trip your always wanted, or simply getting out of debt, give budgeting a shot with the following steps.

Step 1 – Print off the budget form that is attached.

Step 2 – Write down what you are spending on a monthly basis. If you aren’t sure, give it your best guess.

Step 3 – Total each category in the total fields.

Step 4 – Total all the categories at the bottom.

You have taken the first step in creating your first family budget and moving toward your saving’s goals. Let 2013 be the year you accomplish your resolutions.  Share with us how you are saving money and budgeting this year by using hashtag #getthrifty.

Thanks to www.emeals.com for this helpful budget sheet. Check them out to see how you can save $1,000 each year on groceries.  I have had the opportunity to receive their weekly eMeals plan and not only have I been able to save money, it provides inspiration for the daily question of what to make for dinner.  You can check out my review and get a discount code for eMeals by clicking here.

Disclaimer: My Best of Both Worlds received a complimentary three-month trail of emeals.com.  No additional compensation was received.  All opinions expressed are true and my own.