Here are some tips to follow in writing your spending plan.
PLAN ACCORDING TO WHAT YOUR INCOME IS now, not what you expect or hope it will be. When your income goes up, redo your plan.
PLAN AHEAD FOR SIX MONTHS. This will give a true picture of where you're headed and how well you're following your plan.
INCLUDE SOME SPENDING MONEY FOR EACH FAMILY MEMBER in addition to the regular expenses you have in your spending plan.
MAKE YOUR RECORDKEEPING AS SIMPLE AS POSSIBLE, but do write everything down.
SET MONEY ASIDE FOR HOME MAINTENANCE. Put those savings into a special bank account.
IN SAVING FOR LONG-TERM GOALS, PAY YOURSELF FIRST. Make the savings deposit the first "bill" you pay each month.
MAKE SURE THAT THE WHOLE FAMILY AGREES that the spending plan is reasonable.