Posted By  richards on March 26, 2014    
				
				    Making the Most of Your Family Income  
          Give children an allowance and guide them through the          process of saving and spending.        
    There are many reasons families may need to re-evaluate their    budgets, from life changes to illness to other hardships. We    talked to three local moms, all of whom learned how to    re-evaluate their monetary priorities and accommodate lifes    big surprises.  
    Laney and her husband have two children. Their family finances    took a hit when her husband unexpectedly lost his job in    November 2012. (Laney did not want her last name used for this    article.)  
    Callie Cromers husband Clay recently left the Coast Guard to    pursue a career in Christian ministries. He is currently    attending graduate school. They have two children: James, 3,    and Caleb, 2.  
    April Sampson was recently diagnosed with breast cancer. She    had a double mastectomy and is receiving chemotherapy    treatments. She and her husband have two children: Summer, 14,    and Lela, 9.  
    No one gets the budgeting process right the first time and    that expectation causes people to give up, he says. Begin    small by tracking your monthly income and expenses and grow    from there.  
    Going from a two-person income to a single one can be    especially difficult.  
    Laney knows this all too well: In November 2012, her husband    unexpectedly lost his job.  
    Needless to say, we were pretty scared, she says. His salary    was our main income  providing everything from the house to    health care.  
Read more from the original source:
Budgeting for a New Year
				
Category: Jewish American Heritage Month |  
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