We planned an awesome wedding, went on an extravagant honeymoon and just signed the lease on our first place...now how do we divide up who pays the rent?
When I look back at the last 5 years of being a father I can't help but think how it has changed my life in so many ways. While it is true that I have given up late nights in the city with friends and rounds of golf on the weekends, I have gained the unlimited love of two people. To walk in the house from work and be treated like a rockstar by two children trumps any party or round of golf that I have ever played. It is true, as some have voiced, that being a father limits your freedom. I like to take the approach that it expands your heart.
There are few things in life that can be so basic and yet make such big impact on your life. A family budget is one of those things. A simple family budget can not only improve your family finances, it can improve your marriage and family life as well. A budget is a framework that allows you to save, spend and give guilt free. It is also a tool that builds communication between spouses. In this post I hope to outline the steps needed to create your first family budget.