What is a family budget?

A family budget is a set of instructions or procedures, which act as a guide for the payment of your invoices, the purchase of things the members of the family need, putting aside a little money as savings, and so on and so on. No one in your household must spend money, on the outskirts of an absolute emergency, provided that doing so could cause the home to go beyond the family budget.

The family budget raises the income and the expenses of the family fortnight is usually made monthly or weekly, in this we can see:

• The total income of your hogar(Es decir la suma de todos los ingresos deel hogar padre madre hijos etc, todos los ingresos que entren a la familia)

• Debts (including taxes) payments that must be made by card or debt assumed by the members of the family
• Expenses that occur regularly, such as electricity or the lifestyle phone bill who want to maintain or make

All household budgets are intended to help you achieve your goals and be responsible for all the immediate needs, like food, to you and your family, and at the same time get to generate much more income than that is this spending