Integrated Family Community Services 3370 South Irving Street, Englewood, CO 80110-1816 Ph: 303-789-0501

Family Economy: Managing Your Budget for a Better Future

Raising a family can be both a challenging and a rewarding endeavor. As a parent, it is important that you have enough money on hand to provide food, clothing and shelter. You also need to consider the health care needs of your children as well as having a little left over for entertainment. No one is a natural-born accountant, and managing family finances can stretch one’s abilities. How can you manage your budget to ensure financial security now and in years to come?

Prioritize Your Spending

The first step to creating a quality budget is to prioritize your spending. Your needs should come first, which means you want to save the majority of your income for food, shelter and other necessities. Next, you want to create an emergency fund that can help cover your necessary expenses if you lose your job or encounter an unexpected expense. If there is anything left over, you can put that toward a vacation or other discretionary spending.

You Don’t Need the Newest of Everything

An easy way to save money is to buy used or wait until the next generation of a given product comes out. For example, if you have your eye on a smartphone that has all the features that you want and need, wait two or three months until the next model comes out. You can then buy that same phone that has everything you need for a fraction of the cost. This same concept can be used to save on your next vehicle, next pair of shoes or anything else that you want but don’t necessarily need right away. If you truly appreciate the value of a dollar, you may want to purse an online master’s in economics or other related field that suits your personality.  If you have the skill and interest, such a degree is a great idea.

Never Stop Saving

Your savings goal shouldn’t be a fixed number. Instead, you should aim to save a consistent amount each time you get paid or whenever you have extra money to put away. Saving even $50 a week or month can turn into hundreds or thousands of dollars over the course of several years of decades. While you may not get rich quick, it can help you save enough for emergencies or help you retire comfortably at some point.

Whether you are just starting out or are looking to overcome previous money mistakes, it is never a bad idea to learn how to budget. Creating a realistic budget now can help you save more of your money and provide your family with as comfortable a lifestyle as possible.

Tim Esterdahl

Find Us on Social Media

In observance of the holiday, we will be closed Friday. ... See MoreSee Less

View on Facebook

We LOVE hearing from families we helped. Thank you Deborah for posting this review of our services. We are so happy we could help! ... See MoreSee Less

View on Facebook

A sincere thank you to Barb Rudolf, Columbine United Church & Kiwanis Club of Columbine for hosting a very successful "Pop The Trunk" no-contact food drive for IFCS this weekend! We were so fortunate to have the support of Clement Park for allowing us to be thier first permitted event since the COVID restriction started. ... See MoreSee Less

View on Facebook

IFCS On Twitter

We LOVE hearing from families we helped. Thank you Deborah for posting this review of our services. We are so happy we could help!!


When: Sunday June 28, 2020, 11am to 2pm

Where: Clement Park, 7306 W. Bowles Ave Littleton, 80127

What: A Contact-less Food Drive to benefit the IFCS. Non-perishable, hygiene, and paper product grocery items will be collected.

Check out our news in the Littleton Independent.,299770

Load More...

Key Sponsors

Our Affliations




Sign Up for our eNewsletter

Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon Sign up for our Email Newsletter
For Email Marketing you can trust

USDA Non-Discrimination Policy

IFCS follows the USDA non-discrimination policy. Learn more by clicking here to read the statement. (PDF)