Balancing the numbers
As part of the daily routine mothers become the accountants in most families, they aim to balance the finances of the household. This has become necessary as difficult economic times have continued to increase the cost of living in our society today.
Families should follow some guidelines like
- Drawing up a budget and following it.
- Pay attention to purchasing items that are needs and not wants
- Reduce credit card and online purchases
- No impulse buying, make detailed lists of purchases and stay with them.
With talks of recessionary periods that may follow it is a good idea to increase savings and reduce spending.