Family Budgeting - Simplified / Community Health Nursing. скачать в хорошем качестве

Family Budgeting - Simplified / Community Health Nursing.

I. Introduction • A family budget is the main tool used to manage personal finances and save money. • It can be simple or detailed, depending on the needs. • It tracks the income and expenses for an entire month. II. Definition “ Family Budgeting is a plan on how family income should be spent to provide for family needs without incurring debts or deficits”. “ A family budget is a system that shows how the money (income) is distributed between different expenses, like household expenses, rent, car payments, credit card payments etc”. III. Types of Family Budget 1. Comprehensive Budget used for general family budgeting. 2. Problem Solving Budget used for creating financial safety for a family on a budget. 3. Planning Budget used for achieving the family's financial goals. IV. Elements of Family Budget 1. Income 2. Fixed expenditure 3. Flexible Expenditure 4. Unexpected Expenditure 5. Saving 1. Income. The most basic element of all budgets is income. .... 2. Fixed expenses. Fixed expenses are those expenses over which the family have little control or are unchangeable. ... 3. Flexible expenses. Expenses over which the family have control or changeable. ... 4. Unplanned / Unexpected expenses. These are the unanticipated Expenses can occur in the month. 5. Saving 6. - For the Health and wellbeing of the family. V. Components / Parts of family budget 1. Housing, 2. food, 3. child care, 4. transportation, 5. health care, 6. other necessities such as clothing and entertainment, and taxes. VI. Importance of family budget 1. It allows to manage the money wisely. 2. It helps to understand where the money is coming from and where it is being spent. 3. It helps to figure out how much money comes in month and what monthly expenses are. 4. It helps to plan on how family income should be spent to provide for family needs without incurring debts or deficits. 5. It helps the family members learn to spend money wisely 6. It helps to save the money 7. It helps to well utilization of resources such as time, energy, and utilities. VII. Prioritized Needs of the family 1. Housing / Shelter 2. Food 3. Clothing 4. Education 5. Utilities (Water, Electric and Telephone services) 6. Medical and Dental Care 7. Rest and Recreation 8. Insurance 9. Saving 10. Transportation 11. Other Household operations VIII. Principles / Points to keep in mind when making FAMILY BUDGET 1. It should include all the expenses as well as income from all sources. 2. Anticipate all the expenditure for the next month. (30 days) 3. Well planned based on the source of income. 4. The expenditure should not exceed the income. 5. Make a list of fixed and flexible spending 6. Build in set amounts for emergencies. 7. Simple and understandable form. 8. Have a record of all expenses 9. Make allowances for saving 10. It should be flexible IX. Steps in planning a Family Budget 1. Calculate the expected monthly income for each month of the year 2. Calculate the expected expenses for each month. 3. Divide the expenses into categories like fixed or flexible / discretionary 4. Determine whether the expenses exceed the expected income or vice versa. 5. Save money for unexpected events and planned trips. X. Nine crucial steps in Making a Family Budget 1. Bring both partners together. 2. Create goals. 3. Track income and expenses. 4. Evaluate the current situation. 5. Trim costs. 6. Build savings. 7. Get out of debt. 8. Lower the taxes. 9. Check in frequently XI. Advantages of Family Budgeting 1. Enables to save for expected and unexpected costs 2. Allows to plan to set aside money for emergency costs. 3. . Enables to communicate with the significant others about money. XII. Health Economics at the Family level • Health economics at the family level is to help its members to spend their money effectively (Family Budgeting) for safe guarding their health and welfare. XIII. Some ways / Tips, Family can practice Health Economics -Family Budgeting 1. The family can take advantages of routine Immunization Programme & Basic health services from SC, PHC, CHC, Govt. Hospitals –Medical colleges etc.) 2. Family can follow healthy life styles by Avoiding smoking, drinking, Avoiding excess salt, sugary preparations and junk foods and Doing regular physical activities, meditation and Yoga. 3. Family can obtain Health Insurance for themselves. 4. When they feel ill, they at once seek medical care (Early detection) from a Qualified Medical Practitioner from govt. sectors. 5. Wise management of Money - Family budgeting – ( Salaries = 100%, Fixed = 50%, Flexible = 30%, Saving = 20%) or Housing (30%), Transportation (20%), Food (15%), Utilities (14%), Saving (10%), Insurance (7%), and Others (4%).