Managing money and budgeting

Money management: why it’s important

Basic money management is about meeting your family’s everyday expenses, handling unexpected bills and saving for the future. It can put you in control of your money, which helps you avoid stress and feel more secure.

A family budget: why it’s a good idea

A family budget is essential to managing your money.

That’s because a family budget helps you:

spend your money wisely on the things you must have – these are your needs

save money for the things you like but can live without – these are your wants

Read More: https://raisingchildren.net.au/grown-ups/family-life/managing-money/managing-money