Simple Steps to Create a Household Budget via @hitchedmag

The first step to financial success is creating a practical and responsible budget.
 
BY TIM KIRCHNER

BigStockPhoto When money's tight you have to tighten your budget. “ Although sometimes it may seem like it, managing money is not a mystery it just takes a little time and effort.”

If the past year has taught us anything, it’s that financial catastrophe can strike at any time—and that most people aren’t prepared to handle the rainy days. In fact, a recent MetLife study showed that more than half of Americans live paycheck to paycheck—and these days, some of us feel lucky to have a paycheck at all!

Being married presents unique challenges when it comes to saving because it’s often true that opposites attract, and saving habits are no exception. Many times, one person tends to be a saver, while the other partner might be a bit more impulsive. The fact is, both sides of the marriage equation need to be united when it comes to financial issues, even if that means one person needs to be named the designated driver over the funds; otherwise, it will be difficult to save any money to finance your dreams. 

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