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2. No Family Budget
Let’s say you’re the person in the household who actually pays the bills. Each month you find yourself pushed to pay bills and have money left over. Do you struggle alone or let your family members know the situation? Do you put everyone on a budget or figure you will let the chips fall where they may?
Creating a family budget is not that difficult and will do wonders for your health and stress-level. Start by having everyone in the family record their daily spending for a month or even a week. Compare the totals with outgoing debt expenses and see which extraneous items can be eliminated or reduced. Hold family members accountable by reducing their next month’s spending allotment with the amount they were over, as it will immediately force the issue. Before you know it, everyone in the family will be working together and the family budget will continue to do its job.
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