Some people cringe at the mere word "budget." It's difficult enough to keep yourself in line by carefully planning and restricting your spending. It requires setting aside some time and cultivating a good deal of self-discipline. Add a family to take care of, and budgeting gets all the more complicated.
Parents know it all too well. Wherever kids see new products, whether on TV or in the store, chances are they'll ask for things. In today's commercialized society, it's more difficult than ever to foster financial discipline in your children. How can you encourage them to be happy with what they have when they're constantly barraged with cool new things to get? And, most importantly, how do you plan your expenses while keeping plenty of food on the family table and clothes on everyone's backs?
Fortunately, there are budgeting tips that might help you keep you and your family in line without having to sink into debt.