Family Financial Management: Planning for the Future

Handout
Authors
Lynne Borden
DenYelle Kenyon
Publication Date: October 2004 | Publication Number: az1341i Download PDF

Financial planning is important to maintaining a stable financial household. Good financial planning and achieving financial stability will also help to prevent financial crisis. First, this fact sheet will help you create a budget in order to examine which household expenses could be reduced, so that you can set goals to limit your spending. Next, you will learn how to set debt reduction and savings goals. Finally, after examining your expense reduction, debt reduction, and savings goals, you will be prepared to develop a spending plan. Creating (and sticking to) a budget and spending plan will assist in attaining financial stability.

Read the entire series on promoting health and well-being of families during difficult times.