NEW YORK, NY--(Marketwired - Jul 17, 2014) - Between rushed breakfasts, taking the kids to soccer practice and parents having both a day job and weekend commitments, finding the time to keep track of your family's finances might seem like an impossible task. Luckily for busy families like yours, there are plenty of techniques and tips that will help. The key to managing your family's finances isn't making more time or even getting more money. The key is making your existing time and money work efficiently. You want to work smarter, not harder. According to CreditCardChaser.com, an expert on finances, read the following tips and soon your family finances might end up being the least demanding portion of your life.
First Things First: Get Everything Organized
The busier your family is, the more that organizing your financial records will help you. It will take some time investment at first, but once everything is organized, you'll save hours of work and get peace of mind in the long run. Ask your spouse to help you gather up all of your bills, paycheck stubs, relevant receipts, credit card and bank account statements, then set aside one hour (this may take longer depending on how much you have to sort through) to sort through and total up your combined income and household expenses.
This first step may sound daunting or tedious, but it's the most important step you can take. Why? Because it will give you a good estimate of what you have and also what you owe. If you're pressed for time, you can schedule the time for this task after the kids' bedtime, or when they are at a friend's house. It's important that whenever you start, you do so free of distractions. The fewer distractions during a long task, the longer you can stay focused.
Consider Budgeting Software
To save even more time, consider setting up personal or family budgeting software. These programs are a godsend for a busy family because they allow you to automatically import bank account and credit card information. This saves time, because all you need to do is set it up once, and then the information is imported on a schedule you set. Having the software handle it also reduces the chance for human error. Just like organizing your financial records, setting up your budget software will take commitment of time. But once the setup is done, you don't have to do it again.
Utilize Mobile Financial Management Tools
Having mobile access to your financial records and your budget means that you won't have to drop what you're doing and log in from your home computer just to know what's going on with your finances. If you have a mobile device like a smartphone or tablet, getting set up with a mobile solution means you will have instant access to account balances, bill due dates, and overview over your entire family budget. This way, not only can you make sure you have enough money to buy your kid's entire soccer team pizza after practice, you can check to be sure you won't bust your budget. Even better, you can automatically update your checking account or your credit card balance after you make the purchase.
For more information on your family's finances, access CreditCardChaser: http://www.creditcardchaser.com/
About Credit Card Chaser:
Credit Card Chaser is an authority credit card site that offers innovative comparison tools, reviews, calculators, and reports to help consumers find the best credit card for them.
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