Family Finance: Tips on Finance for Daily Living

By Dr. Cliff E. Williams

This book will offer ways,means and suggestions on how to manage your money. If they are followed, you should find our about how to honor and respect your relationship with money. It is hoped that it will encourage you to stop just spending and spend wisely or face financial disaster. Insights are given about preparing an maintaining a budget, banking, spending money not only spending money but spending money wisely. Buying a house and the enemy of a lot of a people credit cards and making financial adjustments when needed are elaborated upon. Insurance plays an important part in family life and its costs should be included in your financial mamagement.

A main key to financial success is living within your means, this will be discussed along with pitfalls with living above your means. The basics that affect families in financial mamagement is included. Quick notes that can be easily digested is given in the last chapter that will help you be successful finacially if followed closely.

The secret to being wealty if not what you make, it's what you keep.

• Language: English
• Publisher: AuthorHouse
• Release date: Dec 5, 2011
• ISBN: 9781463445102

Book preview

Contents

DEDICATION

Preface

Introduction

Chapter 1

Chapter 2

Chapter 3

Chapter 4

Chapter 5

Chapter 6

Chapter 7

Chapter 8

QUICK NOTES

THAT WILL AID IN BEING SUCCESSFUL FINANCIALLY

SOURCES CONSULTED

APPENDIX

A

B

C

D

It is not going to be easy but you must make a commitment.

DEDICATION

To my son and daughter, who have young family members

Cliff Williams, Jr. and Renee Williams Walker

and to all families who need to make a financial change in

money management

Preface

My interest in family finance grew out of the fact that I had encountered a number of people who seemed to have a tremendous lack of knowledge as to how to manage their family finance, some had no bank accounts, bad credit, no savings, account, no insurance and maxed out credit cards. The oddity is they had gotten into a situation that could have been avoided, if they had known basic family finance. I have been approached numerous times by people who had spent their whole paycheck before the next payday. Some would say, "I ran a little short. The reason for the shortage is they were not managing their money.

When a person gets married, they will have to change. They will have to get their money together. Look at where your money is going. Credit will destroy your life. Get your money straight, it doesn’t matter if you have $1.00 or a thousand dollars, give some to the Lord, give some to your community and save some.

Introduction

In this book you will find basic categories that will aid you in your efforts to successfully manage your family finances. Keep in mind the information, if followed, will more than likely lead you and your family to financial success. It will not cover the broad topic of finance. From the basic topics, there may be other financial information needed which can be garnered by asking questions at financial institutions and other organizations as needed. If you follow the advice given in this book, it will keep you on the right course to successful financial management. Always spending a little less than you make determines whether you will be successful financially, be the millionaire next door or run the rat race for ever. Most families look at financial plans as an after-thought. This is equated with trying to drive a car looking in the rear view mirror. If you plan wisely, you will prosper and you can get your family back to the basics where money is concerned. The secret to being wealthy is not what you make, it’s what you keep.

Chapter 1

Preparing a Budget

A family should prepare a budget to use as a guide as to how much money is available to spend and what to spend it on. List the monthly family income, it could be salary, rent money, interest, earned dividends, income tax returns. Complete a list of what you need, debts and what you want. Budget for it, so when your income is received you can pay for what is on the list. There are a number of variable expenses, such as food, clothes, medical bills, insurance, utilities, debts and also list any other ones that you encounter, that is not listed. Suppose your