Family Goals -- We're All In This Together!

(above image from The New Yorker)

Continuing our "Dollars and Sense" series:

When trying to budget and save $$, it's wise (after the parents have discussed a plan first with each other) to sit down for a family meeting! :)

1. Use this family meeting time to discuss things positively, honestly, and age-appropriately! Even younger kids can understand that the family is going to be careful spending money, and that everyone in the family can be a helper with this! Be sure not to worry your kids, but sound positive about changes and the ultimate outcome. Let them know "We're all in this together! :)"
2. Brainstorm as a family some ways to save $$ around the house. Use this time as a reminder to turn off lights, unplug items not in use (energy is still being used when plugged in), turn off water faucet when brushing teeth, etc.
3. Talk about how everyone is going to be making a few sacrifices to save $$. Give a couple examples of sacrifices that you are willing to make (giving up coffees, color your own hair), and let everyone come up with a few ideas of things they could give up/cut back on. Talk about how everyone has to work together to reach the family goals. Add up what these savings would be each month, and get excited!!
4. Let kids know if they want something they can either: 1) put it on a future gift list, 2) think of a low-cost version of the same thing, or 3) come up with a way to earn the $ themselves! Remind them of what is a Need vs. what is a Want, and let them know that they might not get everything they want & that's ok.
5. Have a list of fun, free family events that you could do together (we just went to a free kids Fall Fest and had a great time), and vote on something to do each week! Just because you're on a budget doesn't mean there can't be amazing family fun!!!
6. Discuss where monthly family savings will be used. Maybe the extra $$ will go toward paying bills, saving for a new couch, or a family vacation! Kids feel excited to know they are saving for a goal. You could even create a chart to color in the money saved until the goal is reached!
7. Have family meetings once a month to do an update on things!

I'd like to add that even if there are no kids at home, you can still meet as a couple and have this discussion! :)

I hope this will get you started on your own Family Meeting!

Have a blessed day, and tomorrow for "Creating a Welcoming Home Thursday" I'll give you my plans for a dinner party we're having Sat. night! It'll be a fun twist on things!!