* Workout a household budget, meal planner, grocery list, grocery price lists.
* Keep financial records or spread-sheets and don’t forget to keep track of all financial activity.
* Accurately track & record household income and expenses, there are great phone apps for this. It’s very telling when you learn where your money goes.
* Develop a strategic plan & budget and stick to it, make sure you allow yourself some sanity money or your task will be onerous.
* Make sure your accounts are balanced each pay period,
* Bills must be paid on time so you have no late fees or interest.
* Identify problem areas and bad financial habits
* Identify spending as wants or needs, think about your justification when buying things. Eg, is the item trying filling a gap in my life?
* Get together with your household and develop a strategic spending plan
* Do the members of household understand plan and budget, are they on side? Budgeting is sound financial education for children.
* Meet weekly to discuss any problems that might arise.
* Ring around to get a better deal from providers.
* De-clutter and sell or give away your unwanted items.
* It is very motivating to have a savings chart so you can track your progress.
* Keep all your paperwork (paid bills, bank statements, etc) filed in a folder.
* Offer rewards to encourage the family to work towards your goals.
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