(http://money.msn.co.nz/img/article/life-balance-tips.jpg)
As
of this writing, I am still single and have no plans of starting my own family
in the next 3-5 years. Maybe because I am still enjoying my current status and
I don’t think I am ready yet. Anyway, I am creating a Family plan that I can
use in the future when I decide to settle down and get married. I hope this can
become useful and will turn into reality in 5 years time.
Assumptions:
I
envision my family to be composed of 4 members including my self. This means I
only intend to have 2 kids (max) if God permits. My wife will be working too
and both of us will be taking care of the kids. Our kids will be sent to
reputable educational institutions (not necessarily the best and most expensive
in town!). There will be regular family bonding and vacation days.
Income and Expense Budget
| FAMILY BUDGET | ||
| Household | Home Ammortization | 30% |
| Cable/TV | ||
| Phone/Internet | ||
| Electricity | ||
| Car | Car Ammortization | 20% |
| Insurance | ||
| Registration | ||
| Maintenance | ||
| Gasoline Expenses | ||
| Education | Tuition Fees | 30% |
| Miscellaneous | ||
| Recreation | Family Travel Fund | 10% |
| Family Bonding (Movie, Mall, Dine out) | ||
| Investments | Savings Account | 10% |
| Investments (high Yielding) | ||
| TOTAL | 100% | |
I
only indicated percentages for each budget items and attempted to list down
details or particulars for each item. The assumption for the budget is that the
source is a combined income of my wife and myself.
Work and Family Schedule
Below
is the schedule plan between work and family. Weekdays will primarily be
devoted to work but time is allotted for family especially during dinnertime.
It is the time of the day when both my wife and myself can catch up with the
family and to check on how the kids are doing. In the event that work doesn’t
permit us to go home exactly after 8 hours, a phone call must be made at home
to speak to the kids and let them know that we will be going home. Weekends are
purely family days. Both days will be dedicated to activities that will allow
all of to bond together and go out as a family.
| Work and Family Schedule | ||
| Weekdays | ||
| Travel time from home to office | 1 hour | 8am - 9am |
| Work hours | 8 hours | 9am - 6pm |
| Travel tome from office to home | 1 hour | 6pm - 7pm |
| Family Dinner | 1 hour | 7:30pm - 8:30pm |
| Weekends | ||
| a. Saturday | ||
| Family Sports Day | 4 hours | 6am - 10am |
| Family Lunch | 2 hours | 12pm - 2pm |
| Family Bonding Time (Mall, Movie, or Park) | 6 hours | 3pm - 9pm |
| b. Sunday | ||
| Sunday Mass | 1 hours | 10am - 11am |
| Lunch with Relatives | 3 hours | 12pm - 3pm |
| Quality Time at Home | ||
| Lesson Review for Kids | 2 hours | 5pm - 7pm |
| Family Dinner | 1 hour | 7pm - 8pm |
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