Financial Rubbish

In class this week we talked about the family finances. It was funny because in class there was soooo much turmoil in the classroom trying to come up with a budget. I came to the conclusion that creating a budget only works with good communications and not in a classroom setting. Creating a budget is important in family planning because knowing where your money goes helps you to stay in the lines that you have set for yourself and the famil. Talking about it frequently keeps everyone on the same page. Studies have shown that finances are one of the top reasons people get divorced so it is important to be on the same page and to help the others understand the reasons financial budgets are in place. We are taught about staying out of debt because it is always hanging over our head. By creating a budget in class we see how much money we use and not just for debt. When we eliminate debt from our lives, we are allowed to have more money for savings, retirement, other activities, and family activities. Eliminating debt by using a budgeting system helps us to be financially set. I have lerned that being financially secure is important and it takes alot of easy communication to set a proper family budget.