The importance of finance in the family

Life in the family must be guided, among other things, the practice of human virtues and values ​​of parents, that their example strengthen the teaching of children. Human virtues and values ​​that should be reflected in income, expenditure, savings and financial goals you have family. These have to be very clear and realistic inevitably, having to be duly recorded in a written plan to achieve them, may be called "Plan 125" is 1, 2 and 5 years away, and controlling and adapting Irlo monthly or annually, to also change if the goals or objectives.

Budget revenues, fixed and variable, predictable in time and circumstances. The possibility of additional revenues, or improve current will depend on:

Able to work both spouses to full or part time, not to mention the time needed for the education of children, their own professional development and the balance between income and quality of life.
Work more hours one or both spouses
Working from home to save transportation costs and meals outside the home.
Formation of a business working from home full or part time, depending on the knowledge and expected life plan.

The best way to increase revenue, to meet the objectives, is assuming the economic cost and sacrifice time to gain a better educated, making a program of continuing education or certification, to get better paid work in one or the spouses. See article: The recycling of the profession of the parents and their continuing education or in their case, taking financial risks, if you can take, from being worker to entrepreneurship. It is a decision that requires thorough analysis of the characteristics of each person in relation to their capabilities, qualities, financial reserves, borrowing capacity, state of the economy, where they live, and above all, the project's viability. etc.

Types of costs to consider, calculated at each date and balanced, with revenues and dates to make subsequent decisions.

Mandatory fixed or variable expenses (debts on credit cards or variable rate mortgages, a concept of priority in many cases)
Fixed expenses necessary
Optional Variable Expenses
Extraordinary expenses Optional (Purchase of books, equipment to improve the educational capacity of children)
Unforeseen extraordinary expenses (Make a remnant in cases of illness, accidents, increased education, etc.).

Ideally there is only one bank account, which reflects all expenses and income, discarding the habit of some spouses, to have bank accounts, income and expenses separated, making each responsible for managing them. The banks provide monthly billing statements, the breakdown of all expenditures, which helps a lot to compare with budgets.

The policy on the investment of household savings, you should consult with the experts, because there are many concepts to keep in mind that sometimes make priorities. Example: Tax cuts to mortgage interest payments, prepare for retirement, benefit from the incentives offered by companies with savings plans, 401 (k) for retirement, 589 for college for children, option actions, preparing for children's education, readily available for emergencies, risks assumed, profitability, safety, etc..

Credit cards, should only be used for emergencies and always by mutual agreement between the spouses, to avoid the consumerism that leads to many evils. Prior to use the credit card, you must have a plan on how to pay for spending. Expenses, preferably, should be made via debit cards, for failing to pass the limits each imposes.

Spend less, should be a family priority, when the difference between revenue, expenses and savings expected in the indicated dates, can not keep carrying the model used by the family life, or can not be expected to meet family goals. All the actions that the family will take, will have to be passed through the sieve of the budget revenues, expenditures and savings referred to adapt their actions so that converge on the proposed objectives. Have been completed times where he spent as wanted, without concern and difference, was placed on the credit card, hoping that someday could be paid. Now everyone wants this crisis is over as soon as possible to return to before, the happy times of the spending. Not to act on lessons learned from the wastes made.

Human virtues and values ​​that parents should practice and inculcate their children to achieve the proposed objectives: Selflessness. Acceptance Repentance. Austerity. Self-Discipline Discipline. Coherence. Collaboration. Commitment. Control record. Detachment Cooperation Arrangement. Example. Family Stress. Fortaleza. Humility habit-forming. Mortification moderation. Order. Patience. Prevention. Responsibility. Sacrifice. Simplicity. Temperance. Work, etc.. The practice of these virtues and human values, be a good tool to break the pernicious habits or unhealthy habits that prevent families achieve the objectives.

Spouses with children form a unit, which should be fully aware, according to their ages, all decisions they take place. Everyone must do the best you know, to benefit the family and must assume the responsibility that you voluntarily or compulsorily applicable. Among all have to be supported in order to carry out what they have agreed, although at first someone disagrees, after they have reached an agreement, all must fight together to get it, forgetting those phrases that cause so much harm , like "I already said and I did case"

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