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Budget for the Fun Stuff: Your Questions Answered!

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As some of you know, The Family Piggy Bank is a great place to discuss personal finance issues with other like-minded moms.

This month, your questions about having fun with your family while sticking to a budget have been answered! Read on to see the answers below!


by on Jun. 22, 2012 at 5:19 PM
Replies (11-17):
CafeMom Team
by Group Owner on Jun. 22, 2012 at 5:45 PM


momto3isme asked: How can a person save for a vacation when the prices of food, gas, etc. are always going up?       


Chase Blueprint answered: Everyday purchases like food and gas can quickly add up. Start by figuring out your everyday budget by using this common equation: what you earn, minus what you spend, equals what you save. Calculate the monthly essentials to understand the maximum amount you are able to put in your savings account and how much you can spend on discretionary items. If you have the money for vacation after you've budgeted for expenses like groceries, bills, mortgages AND your family's savings, then set money aside for a vacation. But if you don't have the money to set aside right now, reevaluate a few months down the road or next year. Make progress towards your financial goals and when you find yourself with a little more wiggle room financially, then plan your vacation and enjoy it!

momto3isme
by Dawn on Jun. 23, 2012 at 7:52 AM
Quoting CafeMom Team:

momto3isme asked: How can a person save for a vacation when the prices of food, gas, etc. are always going up?       



Chase answered: Everyday purchases like food and gas can quickly add up. Start by figuring out your everyday budget by using this common equation: what you earn, minus what you spend, equals what you save. Calculate the monthly essentials to understand the maximum amount you are able to put in your savings account and how much you can spend on discretionary items. If you have the money for vacation after you've budgeted for expenses like groceries, bills, mortgages AND your family's savings, then set money aside for a vacation. But if you don't have the money to set aside right now, reevaluate a few months down the road or next year. Make progress towards your financial goals and when you find yourself with a little more wiggle room financially, then plan your vacation and enjoy it!





Thanks for replying!
jbyrd898
by Jessica on Jun. 23, 2012 at 8:17 AM

great tips for summer budgeting! Thanks

MamaBear2cubs
by Nikki on Jun. 23, 2012 at 11:25 AM

Awesome thanks

yvonne37
by Yvonne on Jun. 24, 2012 at 12:15 PM

 Thanks...did i ask something? i cant remember.

aidansmommy219
by Gold Member on Jun. 24, 2012 at 7:12 PM

 thanks! these were great questions.

cjsmom1
by on Jun. 24, 2012 at 7:26 PM

Great tips!!!

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