Priorities: Bring Focus to Family Budgeting
Priorities: Bring Focus to Family Budgeting Budgeting for the family can often be a source of conflict. Typically, the primary earner makes the final financial decisions, which can create tension among family members. However, achieving harmony in family budgeting is possible through a four-step cycle that brings focus and clarity to your financial planning. 1. Set Your Priorities Priorities are different from goals. While goals are specific, measurable targets, priorities are the broader aspects of your family’s life that you want to focus on. For instance, prioritizing your children’s education, health, or saving for retirement could become the foundation for your financial decisions. ...