3 Critical Family Budget Mistakes
'29.10.2019'
Source: Rambler
Sooner or later, any couple begins to maintain a family budget. For some, the joint distribution of finances becomes a salvation, while others face a dozen problems.
This happens because of the typical mistakes that lovers make when they start keeping a family budget. What are these errors and how to avoid them? Tells Rambler.
Make large purchases on credit
Having decided to go on vacation or buy a car, many people use not their savings, but loans. As a rule, having paid one, they take a new one, because it was not possible to save money.
On the subject: I signed a prenuptial contract in the USA: why is this necessary and how to avoid mistakes
Permanent loans deprive the family of the opportunity to develop financially, because both current and future expenses go to pay for an expensive purchase.
To neglect the reserve fund
No matter what a person’s earnings are, if he spends his entire salary in a month, he will have to face serious difficulties at one point. It is no coincidence that financial experts recommend that everyone and everyone should save a certain percentage of their salary every month.
So you invest again in your future and protect yourself from unforeseen expenses that may arise amid health problems or dismissal.
On the subject: Planning a budget: on what you can and on what you cannot save
Give up entertainment completely
While some take loans for useless needs, others, determined to save up the nth amount, deny themselves pleasant trifles day after day: a glass of coffee, going to the cinema and even buying a printed book - all this is now prohibited.
As a result of such austerity, a person will only spend even more money on a psychotherapist.
