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A written plan discourages impulse buying which often blocks progress to family goals. It encourages a more realistic distribution of money among family members and helps teach the children money management,” she emphasized.
‘‘To implement a realist spending plan it is imperative to know how much money to budget for every expense. Unless a family has records for such expenses, it will need to keep track of such payments as an aid to better money management,” she indicated.
Miss Dailey suggested a family account book to simplify record keeping. “It makes it easy to record and study different expenditures.
"Planned spending, wise buying and some record keeping are steps in the right direction for families wanting to make the most out of income available to them,” Miss Dailey concluded.
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