SM-priorities-and-budgeting-the-family-money

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Priorities Bring Focus to Family Budgeting Often times, the family budget is a source of conflict. Most of the time, the major earner makes the final financial decision, which isn?t always a welcome deal for the rest. Since money is such an intrinsic part of family life, families need to ac 1. Set your priorities. Priorities are different from goals. They are aspects in your family?s life that you, as a family, want to set focus on, say health or children?s future. While goals are specific targets that support priorities. In setting priorities, do not set too many as it defeats the purpose. Ideally, there should only be one, but because life is not ideal, 2 to 3 are reasonable. As the priorities are set and agreed upon, write them down. Post the paper where everybody can see them to remind them of what your family is focused on for the next few years. 2. List down your goals. Once the family has set and agreed on priorities, the next step is to set the goals. Goals are specifi

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