When it comes to family finances and keeping a house hold running smoothly through all of the certain chaos that emerges from day-to-day, there are 3 things you will want to stay on top of.
The number one thing you can do to lower the stress in a home is follow a budget. This is absolutely critical to staying financially sound and out of debt. It’s simple to do and easy once you get the hang of it. The biggest road block that people run into with this one is that they NEVER START ONE. Creating a budget is always last on the priority list. This is one of those things that we are saying “I’ll start one next month”. Don’t procrastinate any longer. JUST DO IT.
Obvious, right? For the most part, this one is obvious. But many people in today’s world are becoming accustomed to taking the easy way out. The government will provide for me. After all, they owe it to me. This sounds crazy to most of us, but it’s a growing and dangerous sentiment. Not only does this put your financial burdens on your neighbors, you wouldn’t believe how it affects other areas of your life. Confidence, work ethic, discipline, motivation, laughter… the list goes on and on and on. Get off your but and work. If you are working, don’t settle. Always improve your situation even if you plan to stay with the same company or career.
This is a tricky one. The best case scenario is to not have any credit. That would mean that you are discipline enough with your money that you don’t buy anything on credit. If I just described you then congrats. For the majority of people, credit is a necessary evil. We need it to buy a dependable car or a descent house. I wouldn’t add too many other things to the list of credit worthy purchases. But if you are going to have credit, take care of it. Check it often. There are plenty of free credit score offers out there.