Family budgets depending on a way of distribution of incomes and expenses in family are possible to allocate on three basic types of the family budget: joint, share and separate. It is not important which type of budget you will choose in your family budget; the main thing that all members of family will be happy about it and it will not be a source of the latent discontent and the future conflict.

The joint budget is a very popular one. At conducting the joint budget all incomes of each member of family are included into «the general coin box» and each member of the family participates in distribution of these means.
Thus the most successful version when spouses have approximately equal income so can be avoided disputes on subject matter « who earns more, and who spends more ». Other version when the family lives completely on incomes of one of spouses. Conflicts will not arise, if a person who earns agrees on the equality of all members of family in questions of expenses.

The share budget At share planning the budget expenses of family on the next month pay off , and the total sum shares between spouses or fifty-fifty, or on fractions in any other parity. Often it depends on how great is the difference between incomes of spouses.
On the one hand, it is democratic, but the spouse with the smaller income will be for certain dissatisfied. He or she can think dishonest that for personal needs remains less means, than to the spouse.

The separate budget.
Nowadays it is quite widespread especially in Europe. It is a phenomenon when spouses aspire to full independence from each other: everyone independently disposes of the finance and pays off the bills, and the most necessary general expenditure are paid in by both partners equally(for example, rent of an apartment, education of children).

Useful tips for financial planning
Article of incomes and expenses in your budget should correspond with your personal needs. In the budget there should be enough of articles of expenses that you have received a detailed picture of where your money was spent and where you can reduce expenditure.
But do not go too far in it that. Budgeting should not turn to be a routine work which will be boring for you.

Have regular family “brain storm” in occasion of cost reductions on different articles and ways of an increase of incomes.

Record the great desires in the form of financial plans, in fact their realization is prime objective of financial planning.

Keep checks – in that case you will not forget about purchase. Besides they can be useful for you if replacements/returns of the goods is necessary
Start to postpone 10 % of your incomes monthly.
If your income will grow – increase also norm of savings, instead of quantity of impulsive purchases. You can use the formula of known financial adviser Liz Veston: « Save up 10 % for a life, 15 % for comfort and 20 % for rescue ».

Choose for yourself the convenient and interesting form of budgeting. The convenient financial planning will became your habit – it should bring you pleasure.

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