Managing money may have been something that we have already started practicing since we started receiving allowances from our parents. Most of us learned to manage money at a later time when we got to elementary schooling since we only had our lunchboxes during kindergarten to support our ever hungry stomachs. As we grow older and leave the academic environment, we then begin to focus on managing our money on other things such as a relationship and self sustenance. As we go into married life and start our own family, we then focus on how to manage money for the home.
There are many things to take into consideration when we manage money for the home and allocate the appropriate budgeting of our salaries to prevent ourselves from having credits, and on a worse case scenario go into bankruptcy. This also happens even with a combined salary of each parent. Such end point would be damaging to the self esteem and living conditions of each member of the family.
Before we get into such confusion and inconvenient status, here are some of the basic things that we need to allocate tight and properly allocated budgeting, given that responsibility and the number of kids have...
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