Understanding what this Hub will bring you will help you maximize the useful information available. I will first say all this information is learned or found on the web and is turned into some useful info for everyone who wants to learn. Please take from this Hub ways to help your family save their money, sacrifice on certain events and gain financial freedom in the end.

You will read in this hub some useful information, when properly put together will help save you money. Each family living situation may be different, so please make proper changes where you need to. If you currently are implementing certain ideas prior to reading and my ideas works better, don't be afraid to make the change. We as a group are looking to make our difference , so we can be financially stable to enjoy life.

There will be in-depth ways to help you save money according to your income bracket. Lumping everyone together will not be helpful and proper brackets will help individualize the teachings, to help maximize the learning. Falling into a certain bracket will not make you any less of a person, so don't stress out. You are hear to learn.

Please understand this Hub will be worked on for months to come. All information will be updated and please inform me if any information is inadequate or false.

Family Budget Planning

To truly understand how to budget your money you will need to understand where your money is going every day. With the knowledge you obtain, it can be used to help you save more money and create a better lifestyle.

What do you spend every month.

Make a list of every amount of money that you receive a month. This can be easy or hard. Income can be money earned online, at work, given to you buy the government and or inheritance.We need to have a final number obtained by adding all of the income together. The final number will be the starting point on where we will learn to save.

With the final income calculated we will learn where does all of this money go:

A List Of Items On A Family Budget

  1. Gas
  2. Food
  3. Housing
  4. Clothes
  5. Household Items
  6. Addictions
  7. Savings
  8. Hobbies
  9. Entertainment
  10. Investments

Make a list each day with the following items listed. Make sure you properly jot everything you spend money on in the proper categories. There is no point in cheating the system, because in the end you are only hurting your self. I understand during this time you will be watching what you spend your money on and try not to spend as much. Good job. Subconsciously your are starting the long road to financial freedom. Learn Here How to Not Worry about another Dime.

After the month is over figure out the total amount of money spent and where it went. You will be surprised to find out that most of the money can be saved by applying certain but obtainable actions. The information you obtained will be valuable to average how much you are saving and where you are not.

Keep all of your information in more then one place. You will need to keep proper track of your goals and what you spend for the rest of your life. To fully understand and fulfill your goal to be financially stable, you may have to treat you life as a business.

Finding The Areas To Cut Money From

As you have read above, finding out how much you spend each month on excess or items that can be home made is astounding. Take this into consideration: a home coffee is less then 0.50 a cup compared to $6.00 a cup at chains. Saving almost $40.00 a week by drinking homemade instead of store coffee is just the tip of the iceberg.

Gas- Do you need to drive as much? You can do more at each outing so you don't have to make more trips. Proper car maintenance is helpful as well. Certain websites make it easy to find the cheapest gas prices in town.

Food- Do you need all of these items? Making a menu will help you resist splurges. Lower food bills equal lower weight. Purchasing in bulk is helpful.

Addictions- Coffee, cigarettes, soda, etc. You will need to supplement properly with homemade or discounted items.

Entertainment- The sooner we as families come together and do events together we won't spend so much money. Cut down on movies at theaters and stay home. There are many options for that are cheap or free: Playing at the park, open swim, board/card games to name a few.

Doing proper research on the subject often helps. Take a look at Money Management Tips for more information

Budget Spending

Food Cost

Food cost tends to take up a lot of the allotted money each month. We need to take into consideration where does all of the money go and why. Break down the monthly food bill into daily regiments will help to make spending a little more easier to understand

Make a Menu

Making a Menu will help you budget your money lot wiser. Many people can make only $50. a week stretch for a family of five. If you are willing to make sacrifices daily to save money Menu Making will benefit you.

You will need to figure out first how many breakfast lunch dinners and snacks you will have to serve a month. Remember if your child eats at school the money they are sent with needs to be added. If your child get free lunch then its helps . After getting the numbers for each category write the numbers on a calender per day. Monday no breakfast or lunch only dinner and after school snack. You are seeing that with proper organization you will save on items that does not need buying.

Figure out what you want to eat for each meal taking into consideration portions and price. Many people tend to eat the same food every week, just changing the days While at a family meeting you can ask what the family would like to eat for each day. Make a list of items and buy accordingly. This article is a major help How to feed a Family of 4 on $50

Making List

Blind shopping is a leading cost of over spending. When you go into a food store please have a list and a calculator available. You will need to stay in a budget for the amount of food you can buy. By now you may now where all the items are in the store and making a list with items all ready organized will make the experience quicker.

Don't buy any items that's currently not on the list. Splurging will deduct the final cost in the long run. Keeping track of the total price with a calculator will ensure you don't over spend.

Feel free to view the Blog that helped create these articles Living On The Minimum

Shopping at used stores.

A family of five on average will spend $20 a week on clothes that they need. That is a total of over $1,000.00 per year, and that's not talking about useless splurges. When trying to save money on a budget, families need to learn to shop frugally. Saving money by buying cloths already worn will save on average half the amount of money you would normally spend.

A few Ideas are:

Goodwill: Goodwill offers amazing deals often time 60-70 percent lower then bigger outlet stores. You can often times find name brand clothes on certain days after the larger stores have thrown or donated them away. Make sure you check to see what specials they are offering.

Yard Sales; Checking to see if local yard sales are offering any special deals on clothing can save a bundle in little bit of time. Viewing the local paper, one can normal find ten to twenty yard sales around your general location. Mapping the best route and planning before hand will also limit the amount of time looking for space to shove discounted items. Remember if you have a younger child you can pre stock for them.