• Don’t forget the fun. If you eliminate your entertainment budget, you won’t be able to stick to your spending plan. Earmark some money for fun family activities at least once a week.
• Set aside funds for a rainy day. Start an emergency fund and contribute to it regularly. Aim to have at least $1,000 on handto cover minor unexpected expenses and repairs, and work your way up to saving three to six months’ worth of living expenses.