The Importance of a Budget
The Sellers family has the right idea of setting a strict budget. When a family is on a limited income, there isn’t much room for unnecessary spending. But when the family is as large as Amanda’s is, there’s even less wiggle room! A budget is essential for avoiding wasteful spending.
The goal of cutting wasteful spending is that the family can actually begin saving money. Building up family savings is savvy; it gives the family a safety net in case of an emergency. If one family member becomes ill or if Chris were to lose his job, they wouldn’t need to worry.