Quote:
Originally Posted by raguemoe
I'd like you to address the proper allocation of one's resources (ie wife, kids & cars). This seems to be my greatest downfall in saving for the long term. Meaning I give the wife & kids too much, spend a little on cars and know I should be saving more!
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Hopefully I'm not out of line butting in with a suggestion:
You're not alone, most of us don't save enough and have the ability to save more. Consider developing a household budget and involving everyone in the process is a good first step. That will get the household members thinking along the same lines and may create a team focus. Then discuss funding family and individual wants vs. needs vs. savings. Using pie charts may be the simplest method to develop the plan(s). It will take a little planning and salesmanship but the lessons learned and the resulting savings it may pay good dividends.
