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Family Budeting: Are you left Wanting?

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I’m sure many articles have been written on what we think we want and what we actually need.

Sometimes I can be very hard to tell the difference. I guess it’s easier if we were to compare it to dieting and brand our desires as food. Do I need that chocolate cake (new car-even though my old is fine and running) or do I just want that pizza (new bag)?

My children need an education – does it have to be at the most prestigious kindergarten or will cheaper daycare suffice for a 1 year old? You may find that this can be an area where you don’t wish to compromise and that is fine. For us – we decided that this was a priority and opted for the more expensive facility.

We need food – do we need that special bread or will regular bread be just as fine? Cookies, cakes and frozen products are often cheaper if we make them ourselves or buy them fresh.

As you can see there are many areas where you can distinguish between your wants and needs.

Where do you draw the line? What are some of things you absolutely need and if you can admit to yourself – what are the things you spend money that you actually only want?


Family Budgeting: Don’t Lose your Cool

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Budgeting and keeping on top of finances can be very tiring. I’ve been doing it for a year and a half and I find myself slipping and not accounting for every cent. Sometimes I feel like Scruge McDuck and I am sure my spouse agrees…

I used to check on a weekly basis how we were doing budget wise and would try and adjust accordingly. This was especially hard towards the end of the month when I saw were very close to going over (or actually going over) our set goals and would panic.

However as the month came to a close I saw that things balanced themselves out. If we spent more than budgeted on food then in other areas we spent less then budgeted and somehow it all evened out.

The most important thing is to keep on going even if it may seem that “this will never/is not working” – it can and it will because you now have control.

stay tuned for “Family Budgeting: More is…More”