January is Financial Wellness Month! Personally I think it’s important to always have a good relationship with money and to make sure that you’ve got enough money coming in each month. As a family, it’s even more important to be smart and knowledgeable about your money because you’re not just caring for you, you’ve got others to care for too. So as a family what are some important things to do with finances?
1-don’t spend more than you can comfortably pay back (don’t overspend if at all possible though)
2-look for ways to make more money
3-teach your kids how to take care of their money (just giving them an allowance isn’t enough)
4-have a birthday and holiday fund (putting money in here all year long will make you less likely to cry in January)
5-have a rainy day jar or fund (also for injuries and emergencies)
6-have a date night jar or fund (yes, I’m serious)
Some other things you should take into consideration:
-have a budget and stick to it
-have a plan for retirement (I know I’m not going to get any money from the government if I retire!)
-put some money in savings accounts each month (if you can this is a great way to make your money work harder for you)
These are just a few of the things that it’s smart to do both as a family and as an individual. What tips do you have about money?