Keys to Family Happiness - Four Keys to Success - Continue

 Your method of budgeting does not need to be complicated. Darren, married for 26 years and father of two boys, says: "At first, we used an envelope system. We placed the money for the week into two different envelopes. For example, we had food, entertainment, and even haircut envelopes. If we ran short in one area, we borrowed from another but always made sure that we paid the money back into envelope as soon as we could." If you rarely paid your bills with cash using either electronic banking or a credit card, it is especially important that you have a plan and keep track of your expenses. 

TRY THIS: Write down all your fixed expenses. Agree on what percentage of your income should be saved. Then list your variable expenses, such as for food, power, and phone bills. Next keep track of your actual expenses for several months. IF needed, adjust your lifestyle so you do not sink into debt. 

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