How to make managing finances a family affair – five tips that work

Q: My husband and I have been together for about six years and have a blended family.

Between us we have five kids; our four older children are 12 to 15 years old, and then we have our little one who just turned five and started kindergarten last month.

We feel very fortunate that our life is quite stable, except that we struggle with managing family finances.

With the kids getting older and wanting to have their say, expenses adding up more and more all the time, having to co-ordinate with both of our ex-spouses, combined with our regular household bills, I can’t quite explain it, other than to say it’s complicated.

How can we make it easier to manage money as a family? ~Katherine

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