This is the most common approach that senior marketers take for setting their marketing budget that is based on the previous year's expenses.
A survey reported that 41% of their respondents base their yearly budget the previous year's expenses and then adjusted during the year if needed.
Talking about money within the family is still taboo in many places, yet the discussion doesn’t have to be dead serious.
Taking the time to talk to the family about the financial situation and how to manage them where everyone gets to have a say is setting up everyone to contribute to the family’s financial goals and better money handling as they grow.
If you’re unsure how to discuss finances with your family, you can read the Money as You Grow guide from the Consumer Financial Protection Bureau as a resource.
❤️ Brainstash Inc.