The ideal dream of most families is to have a nest egg which will support the family for a minimum of eight months in the event of one of the main income earners being laid off or not being able to work. The reality is that there are very few people with a nest egg which will support the household for one month. Likewise, with the increase in taxes and the inevitable increases in cost of living around the corner, how are you going to ensure that your family is able to survive on less money each month?
I read this post which gives 10 easy to follow tips on how to save approximately $1000 a month. By taking the advice of the writer, analyzing your WANTS and your NEEDS and focusing on what you NEED as a family, you will be able to save as well.
It does seem ‘unfair’ that you have to work to pay bills and put food on the table, but if you took the saving a step further and added a goal with a reward to the end of it, and encourage the whole family to be part of it, it can be very rewarding in the long run.