The document provides tips for building a workable family budget in 3 sentences: First, keep the budget simple using pencil and paper instead of complicated software. Second, choose an achievable budgeting goal like saving for a small weekend trip. Third, clearly identify fixed expenses like rent versus discretionary spending on credit cards which can be reduced, and make paying off debt a priority to build financial stability.

1. BUILDING A
WORKABLE FAMILY
BUDGET
By Global Client Solutions Staff Writer

2. Building a Workable Family
Budget
 For some families, the idea of creating a workable
budget seems impossible. They believe there are
simply too many bills and too little time to pay
them off. Building a workable budget, however, is
not as complicated as it may first appear. By
adopting a few simple rules, families can begin
their trek toward financial stability.
First, keep it simple. Before running out and
buying the latest budgeting software, a much
saner practice involves a good old-fashioned
pencil and paper. Spend some time looking at the
big picture in simple ways before committing to
any purchases.

3. Building a Workable Family
Budget

Second, choose an achievable goal. Families
should start with something small, perhaps a
weekend getaway, toward which everyone in the
family can work. Creating a track record of
success may inspire the family to create more
ambitious goals in the future.
Third, get a clear picture of the difference between
fixed and discretionary spending habits. Rent or
mortgage remains fixed. Many credit card
purchases, by contrast, are discretionary and can
most likely be controlled through diligence.

4. Building a Workable Family
Budget
 Finally, pay off debt. Families should work with
expert advisors who can help them craft a plan
to pay off debt. Digging out of debt is one of
the quickest ways to begin building financial
stability.
About Global Client Solutions: Founded in
2003, Global Client Solutions enjoys a
reputation as one of the largest account
management companies serving the debt
settlement industry.