{"id":2753,"date":"2024-10-17T09:47:40","date_gmt":"2024-10-17T07:47:40","guid":{"rendered":"https:\/\/clanq.ch\/?p=2753"},"modified":"2024-10-21T16:20:16","modified_gmt":"2024-10-21T14:20:16","slug":"how-to-create-a-family-budget","status":"publish","type":"post","link":"https:\/\/clanq.ch\/en\/how-to-create-a-family-budget\/","title":{"rendered":"How to create a family budget"},"content":{"rendered":"

The budget is your plan for how you and your family spend money and on what. In this blog post, you’ll find out how to budget smartly.<\/span><\/p>\n

What is a budget and what is it for?<\/span><\/h2>\n

Your budget is <\/span>your overall plan for your income and expenditure<\/b> over a period X (usually a year). The basis of the family budget is the total regular income. You compare this with the various cost items.<\/span><\/p>\n

True to the motto \u2018A budget tells us what we can’t afford. But it can’t stop us from buying it anyway\u2019, a budget can only give you an idea of how you<\/span> should<\/span><\/i> organise your spending. In the end, it’s up to you whether you actually follow this plan.<\/span><\/p>\n

Take your time and draw up a clear budget. An overall plan helps you to know exactly how much money you can spend on what at any given time.<\/span><\/p>\n

Either way, budget planning is an <\/span>important first step<\/b>. Don’t worry about getting it wrong, but simply see any misjudgements as the first step towards even better planning.<\/span><\/p>\n

Why keep a budget at all?<\/span><\/h2>\n

There are essentially 2 reasons in favour of budgeting:<\/span><\/p>\n

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  1. Awareness<\/b>: Only if you know how your finances really are you can make the right decisions and optimisations.\u00a0<\/span><\/li>\n
  2. Impulse control<\/b>: If you have your budget in black and white, this will help you to avoid impulse purchases. Think about every purchase decision to see if it fits into your plan.<\/span><\/li>\n<\/ol>\n

    Budgeting correctly – here’s how<\/span><\/h2>\n

    Budgeting requires a realistic estimate of your planned income, earnings, expenditure and costs. Bear the following in mind:<\/span><\/p>\n