Families come in many sizes and types. Some are small, some are large, some have two or more “breadwinners”, and others have just one. Whatever your family type, you need to work as a team. Your family finances are no doubt limited. The family has many needs and wants day to day. Learning to evaluate the difference between wants and needs and how to” live within your means” takes practice. Learning to work together as a team in dealing with your finances can make you a success!
To accomplish good teamwork skills, the family must set up some short term and long term goals that are realistic and attainable. This takes patients and a lot of compromise and good communication from everyone.
Once your team has the goals set, it is time to start looking at your current finances. Developing a budget and sticking to it will take the support and “teamwork” of everyone in the family. Most likely your money is stretched to the limit each month and you will have to make choices as a team as to how you will succeed.