Family Finance

Family Finances Overview for New Parents

Submitted by Financial Growth on Thu, 2010-04-22 15:55

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Family Finance

Having a baby has a drastic impact on your family finances. A large sum of your earnings now will go to supporting your child, and sometimes one parent must stop working to look after the child, thus severely reducing the household income. Once the child is born family home finances must be reassessed in order to maximize the use of your income. The guidance offered here in this practical article will give you insights into making these costs fit into your family home finances and bring more harmony into the household.

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http://www.vertex42.com/ExcelTemplates/personal-budget-spreadsheet.html

The Household Budget

Submitted by Financial Growth on Wed, 2010-03-31 12:11

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Family Finance

Whether you’re married or not maintaining a household budget helps you use your money effectively and wisely. A standard household budget consists of food, shelter, transportation, entertainment, insurance, clothing and health care. Also ask yourself what items you can cut back on and which to invest more money in. By asking yourself these questions, the amount that should be spent on each item in your budget will become clearer.

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Create a Monthly Budget from Scratch

Submitted by Anonymous on Thu, 2009-08-20 09:58

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Family Finance

Trying to create a personal monthly budget? Not sure where to start? Try using this free Excel template for creating your own customized personal monthly budget. With pre-made formulas, this tool will help take the sting out of organizing your finances. There are even tips for creating your first budget and links for templates to create household and family budgets.

http://www.babycenter.com/cost-of-raising-child-calculator

Kids Sure are Expensive!

Submitted by Anonymous on Thu, 2009-08-20 09:57

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Family Finance

Exactly how much does raising a child really cost? While some parents say the cost is “priceless,” having a child does come with some significant financial costs. Use this tool to help realistically estimate the cost of raising a child to adulthood. It even takes into consideration your annual household income and college plans for your child. Learn how to prepare for the costs of raising your child with this simple tool.

http://www.babycenter.com/babyCostCalculator.htm

The Financial Impact of Having a Baby

Submitted by Anonymous on Thu, 2009-08-20 09:56

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Family Finance

So you are thinking about having a baby, but you have no idea how it will impact your monthly budget. Diapers, formula, toys, clothes….it’s all foreign to you. BabyCenter.com has an easy tool to helping you estimate how much a baby will cost within the 1st year of birth. This detailed worksheet takes into account one time costs (like strollers and car seats) as well as recurring costs, such as food and clothing. Learn about all the costs associated with having a baby so you can prepare accordingly and avoid any surprises later on!