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How do I prepare a budget for my family?
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To prepare a budget for your family, the first step is to determine your total household income. From there, you can create a list of expenses that need to be taken into account when creating your budget. Identify how much money is needed for essential expenses like housing, food, and utility bills, and also account for non-essential expenses such as entertainment and vacation. Once you have your total expenses and income, you can calculate the difference and plan your budget accordingly so that your family is able to live within their means.