A large percentage of the family’s salary goes to weekly purchases, payment of services and some debts. Not much is said about the advantages of family savings.

It takes time, patience and a lot of order to record all monthly expenses and to draw up a savings plan because some sensitivities may be hurt. Imagine if you warn your partner that going to the beauty salon is an exaggerated expense or if they forbid you to stop buying beer or no longer pay for the cable service that shows your favorite team’s games. It is serious business.

You can even hear those angry arguments that include the phrases: “It’s my money and I’ll spend it the way I want”. These strong arguments happen because there are no longer goals that you want to achieve as a couple.

That is why it is important to have a budget and to include a savings plan.

You can start with savings plans that are easily achievable and short term. Then you can switch to other goals with extended time frames. For both, the time to comply must be defined.

Checking supermarkets’ bargain supplements to compare prices is very helpful. You can even buy your vegetables and fruits at markets and the rest at the supermarket. It is necessary to look for other possibilities, especially today when the prices of the basic food basket are sky high.

The important thing about saving as a family is to have a purpose, not just to have money under the mattress, I insist. Having good financial health allows your family to make plans and achieve goals. You will cope with difficult situations or extraordinary expenses and you will have money for retirement because no one would like to be a burden to their children.