If your bills and expenses equals more than your income, you are headed for trouble and must take steps immediately to get back on track. There must be enough coming in your household to cover what is going out in expenses. If there is a big difference between the two, then you may be headed for trouble. The sooner you can find solutions as a family, the faster you can be in a position to balance your budget.

There are only two ways to get more money:

1) Increase your income or the expendable ability to trade or barter for what you need
2) Decrease your outgo and cut out all unnecessary expenditures and budget very carefully.

Involve the Whole Family

When all the members of the family are told the truth about the financial situation, they will understand that it will take the effort of everyone to pitch in and help with expenses. It is important to get their "ownership" of the problem and a commitment to cutting back until the finances improve.

Part Time Job Saving Money

Does your family need a little less month or a little more money? Then consider a part time job saving money. That's right, by involving the entire family in a few hours planning, budgeting and goal setting; you can save as much as you would working another part time job. Then as a family, you can decide what you will be able to do with the money you save by making wisefinancial decisions.

Here are some ideas to start your family thinking;

B Buy what you need, not what you want.
U Use your talents and skills to trade services.
D Don't ever spend money in anticipation of earning it.
G Garage sales, consignment shops to find bargains.
E Eat at home or make it at home and take it with you.
T Track your spending so you will have money to track.
S Simplify your life. Get rid of all the stuff you thought you wanted but don't really need.

Spend twice as much time and half as much money on your child's entertainment and you will both be happier.

A relaxed and present parent is the best thing in a child's life. Anyone can afford the priceless gift of a walk in the park or a bedtime snuggle. This is a time for everyone to work together and use our creative minds to spend less and have more of a quality life that does not depend on things and expensive toys and clothes.

Author's Bio: 

(c) Judy H. Wright http://www.ArtichokePress.com You have permission to reprint this article in your blog, ezine or offline magazine as long as you keep the content and contact information intact. Thank You.

Artichoke Press is the home site of Judy H. Wright, family relationship coach and author. If your organization would like to schedule Auntie Artichoke, the storytelling trainer, for a workshop please call 406.549.9813.

If your family is having a difficult time communicating and would like more in depth assistance, please check out http://www.DisciplineYesPunishNo.com this is a program that can transform your family life.

Thanks for joining our community of caring parents, family members,coaches, teachers and mentors who want to help raise a generation of responsible adults.