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Families Are Like Businesses

150 Daily Posts Challenge #29 Families are like businesses. Like business owners, they need to periodically re-group. They have many demands and obligations and it is difficult to think clearly sometimes about things like expenses. What are “necessary” expenses for example? Just as a business owner needs to take a step back once in a while to look at the “big picture,” so do families. Break away every couple of months, maybe overnight to be alone and talk in a relaxed place. Finances are one of the worst stressors on a family and need to be discussed periodically. Decide what expenses are truly priorities and which ones have to be cut or reduced. Don’t forget though, having a “financial coach” such as a financial planner to meet with once or twice per year can make the difference. http://www.mymoneycoach.ca/blog/what-are-fixed-savings-variable-costs-expenses-and-learn-to-budget-money.html

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