Three types of family budget and how to plan it?
Have you ever had to listen to friends complain about your friend often saying that he “fixed” thousands of people so they could buy a new blouse? Or something similar? Then you realize that there is something more hidden in these papers than everything else in the family, and in their case, money destroys the relationship. Are there such unions, even financial ones, where everything is resolved easily and without scandal? In general, isn”t family life suffering? Of course they are. And if you are interested in how to be a successful couple in everything, and not argue for some reason that you can’t do without it, then this article is for you.
Contents of the article:
What types of budgets are there in families?
There are several types of budgets that allow families to share income. In addition, these types are listed and the pros and cons of each type are indicated.
- Generally. This type of budget division is the most common and familiar to everyone. It implies that both you and your child, figuratively speaking, have put money in a common pile and have already calculated where it should be spent. This type of family budget has many advantages. For example, it brings you and your partner even closer and gives you a feeling of unity. It also makes your relationship stronger, more trusting and more transparent because you know where the money is going — you have no secrets.
These budgets are very close. However, this may also involve greater transparency, since giving gifts to each other may be more difficult.
- Shag. A somewhat simplified version of the general budget. Here, both partners invest a certain share of their salary into the common budget, and quietly spend the rest on themselves. However, it is worth considering that before you begin to implement such a budget, it is worth discussing all the details. You need to determine how much you spend each month and how much you need to invest from here to there.
The advantage of such a budget is that you have your own part of the money, which you can safely spend on something. Surprise. However, even if there are no negative aspects, there is only one, and it may be related to your partner”s temporary unemployment. This complicates the situation significantly.
- Splitting. Many even know it”s a separate term, but everyone has their own personal budget, if we”ve explained it clearly. The advantage of this type of budget is that everyone decides how and what to spend their money on. It allows for complete freedom of action. However, there are also disadvantages. There are problems paying for necessary services and goods after forgetting and overspending. Therefore, this type of budget is only suitable for responsible people.
Read also: What are the 6 stages of family relationship development?
Unlimited trust and love in a couple is achieved through extensive teamwork. However, one friend of mine, who lived in a second relationship for several years.
Which is the best way to divide your budget?
To avoid being among those friends whose money ruins the relationship, it”s important to figure out the best budget. Don”t forget to coordinate your decision with your partner. This is because both of you must be involved and agree on all the terms. Family Budget — How to Distribute, Manage, and Plan / Personal Finance and Financial Literacy
For couples who earn roughly the same income, a joint budget is a great solution. This way, both can be sure their money will be spent equally. This type of budget is also suitable for couples who are new to living together and don”t yet have experience with how to manage their finances. Furthermore, if one partner is struggling with money, a joint budget is the only option.
A separate budget is only appropriate if the spouses are living separately, but there are still some things that need to be paid for jointly. This can be appropriate in the event of a fight or divorce. It also allows spouses to have an above-average income, pay monthly bills, and buy everything they need. This is for adults, experienced, and qualified people, but definitely not for those just starting out.
In any case, it”s also worth considering that you will need to discuss the type of budget with your partner and decide together what”s best for you. If your views on this differ, try to find out why your loved one made this decision without scandal. Explain your views. Everything is resolved much faster and easier if you don’t shout or swear at each other.
At this time, you should not force or humiliate one of your partners because he does not have the opportunity to help you provide for your family. Understand that all this is temporary, and your words can greatly hurt and will be remembered for a long time.
How to plan a family budget? Should a man pay a woman? |Mira Levchuk
4 main principles of a family budget. How not to quarrel over money? together with @victoria mende
