Family Household Expense

Family Household Expense

It is a one of the biggest factor other than family values. Family Household Expense is such a factor which may bring harmony in family or disharmony in family. Balancing family budget which is acceptable to all is a challenging job. Because every one has their own lifestyle which which do effect family budget. Finding common ground for balanced budget is an art and a skill which not every family have it. Moreover within family there has to be one financial leader who create a family budget.
In modern days, family budget has less challenges on one hand and more on other. Modern families are turning into nuclear families which are smaller in size and technically only husband and wife are main members apart from kids.

But new commodity and service market has so much in market to buy that there are good chances for average consumer to go over budget. Three things creates over budget situations;
1 Standard of living
2 Persuasive ads on TV, radio, social media which excite consumer for new features and new innovations in consumer market.
3 Credit cards create false sense of funds availability.

All three have persuasive impact on consumer. Apart from three, loss of job or loss of health can have also devastating effect.

Families with balanced budget and substantial savings are happy and less stressed families.

Family Values and Family Budget both goes hand in hand and slowly family budget takes over family values.

Family values are basically aggregate of individual family members values and their respect for each others views and feelings.

Certainly a family in deficit family budget can't be free of stress, anxiety, worries and tense family atmosphere. Members might carry grudge, resentment against each other for not understanding their needs and feelings. Even tough feelings are not on sale in market and neither do in family, yet unfulfilled needs trigger negative moods which effects feelings directly or indirectly.
Our fulfilled needs may not trigger any positive feelings but unfulfilled needs do trigger negative feelings like; no one care about me, no one understand my needs, why I have to pay for others needs and so on; which results in snubbed individual attitude and behaviour. If it is left unattended for long, an individual may burst and blame either oneself or others for such tensed atmosphere. If one blame oneself then he/she may start getting stressed, anger outburst, mood swings and ultimately chronic depression; which means lack of interest in daily activities, family, friends, colleagues, work, school and in any pleasure activities.

If it is against others, then one may start disrespecting others or start planning one's life own ways. He/she may be considered rebillion within the family to start with and may effect one's family, work and social life.

Any any circumstances, unbalanced budget of an individual or a family is not a healthy thing. It is warning signs for an individual or family. Whether one is not earning enough or spending too much either to cope up with standard of living or due to lack of knowledge, the end result is either self depression or break in relations.

Now a days the real estate and coat of living in Canada and worldwide has gone so high that society will slowly change its definition of standard if living and family values. Leaving parent's home at 18 is not an option anymore for most young Canadians. Atleast it is more challenging if not impossible all together. Focusing on higher studies and skills is a must for young adults. Otherwise Canada is getting flooded with labour every day and competing with immigrant labour by a Canadian labour is very challenging and disheartening. So only option is to study hard and in time without wasting time, resources and energy before it is too late.

Guru Nanak emphasized in fifteenth century on the power of words i.e. literacy to understand yourself, others and nature. Without knowing oneself one may not find happiness regardless of balanced budget, sufficient income and happy family. Either because of under budget or over budget, one can be lost in complex world of needs and wants and may end choosing wrong path. Staying on right path in life is important and their is no self help manual which may help an individual to get back on track. Guru Nanak philosophy of life is very rich source of wisdom manual for success and happiness.