Money

Money can be one of the most challenging departments that a Family Manager has to deal with. So many conflicts arise because of money, or lack of money. Remember that most families typically have a certain amount of income each month. It is important that you learn how to budget your money so that you can provide for your family. You also want to be able to save some money and have some to give to your church.

Take Home Tips:

Learn how to make a simple budget for your family. Start by recording how much income you have every month. Take a look at past receipts to determine how much you spend on food, clothing, gas, kids activities, etc. Then estimate what you will need each month to provide for your family's needs. Also, allot 10% to savings and 10% to tithe. Once you write down your expenses for each month, you will be able to determine what is really necessary and what you can cut back on or eliminate.

Start teaching your kids at a young age how to save money. Give them an allowance and teach them how to budget to save for toys that they might want. Also, teach your kids to give a portion of their allowance to church and charities.