How to Maintain a Family Budget Effectively

One way to maintain a happy family is to be financially stable. When you are able to complete the daily needs and save a bit, there is a lesser chance of family feud. But to do this effectively, all members should cooperate and participate. Parents should sit down with the children and discuss this matter seriously. Below is a good list of money saving tips that I think is effective and easy to follow.

Keep yourself busy

If you are busy besides work and school, you may tend to spend less money. Your concentration will be more on the extra activities that you are doing, instead of thinking of less important things to buy like junk food. For students, you can do summer jobs during vacation or be a volunteer in your community. For parents, it is better to stay at home and spend quality time for the kids instead of going out with friends.

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April 16, 2008 at 10:27 PM

Great Tips! If only they were easy to follow. Sometimes you get use to living too comfortably that it's difficult to give up the things that you don't really need.
Budgeting was so much easier when we didn't have cell phones, cable, internet, etc...

  Guardian Angel

April 17, 2008 at 6:04 AM

Hi Chris,

You're right. These high tech gadgets really ruin our budget. But I guess it's still us to maximize their usage .

Thanks for appreciating my tips.


April 19, 2008 at 6:49 AM

I agree with you, totally! We have the same strategy for budgeting actually :)


  Guardian Angel

April 19, 2008 at 7:10 AM

Hi Doc Joey,

Nice to see you here. Anyway, my favorite tip among them is the time saving. Not only to save money, but also to get more opportunities to do more valuable activities.

Thanks for visiting both of my blogs.