Here’s the short version of this depressing WSJ articleFamilies Go Deep in Debt to Stay in the Middle Class(paywall?). Household incomes have gone nowhere. Meanwhile, housing prices are up, healthcare costs are up, and college tuition has skyrocketed. Ouch. However, you can’t control that...
Every Dollaris a great option for families that want to take control of their finances and don't want to pay a monthly charge. It helps you to budget by allocating each dollar spent and includes a customizable template to make the process easier. Those who want more features, such as the...
For $60 per year, you can create, send, and track invoicesZeta: Best for couples and families who want to merge their financesZeta is a budgeting app that caters specifically to couples and families hoping to track their expenses together.Zeta...
Since budgets are such valuable tools for planning and control of finances, budgeting affects nearly every type of organization—from governments and large corporations to small businesses—as well as families and individuals. A small business generally engages in budgeting to determine the most ...
Still, for wealthy families, a trust fund offers more control over disbursements, protects cash from creditors and ensures a child's assets aren't split during a divorce. Read: Estate Planning Tips to Keep Your Money in the Family.
Major corporations caught on, and today businesses primarily use zero-based budgeting, but individuals and families can use it as well. The concept is the same: Income minus expenses and savings equals zero. How does a zero-based budget work?
For families, these devices should quickly pay for themselves. -Peter Chatfield atHousehold Money Saving What percentage of my budget should I spend on each household expense? Having even an approximate guideline for how much you should spend on each household expense can really help when setting...
If you are under 25 and you are not in touch with your family, you can apply for a loan as an estranged student. StandAlone, a charity supporting those who are estranged from their families, has partnered with the SLC to create a guide for students in this positionwho wish to apply fo...
The distribution for a formalized budget variable is reported for a repre sentative sample of Iowa families. The distribution is skewed with a dispropor tional large group of households reporting little, if any, formalized planning. Compared to informal planners, formal budget planners are more ...
Individuals and families can have budgets, too.Creating and using a budgetis not just for those who need to closely monitor their cash flows from month to month because money is tight. Almost everyone can benefit from budgeting—even people with large paychecks and plenty of money in the bank...