GCUA: Sticking to a Family Budget

Allie Jackson

Monday, January 12th, 2015

Georgians believe a household budget is important, but sticking to one isn't easy. According to the Year-End 2014 Consumer Survey conducted by the Georgia Credit Union Affiliates (GCUA), it's unexpected expenses that detour families from sticking to their budgets. 

According to the survey, 75 percent of respondents said having a family budget is important, but only 61 percent claim they usually stick to the budget, 20.9 said they sometimes do and nearly 5 percent never do.  

Respondents said the following issues keep them from being able to live within their budget:

  • Unexpected expenses such as a car breakdown or hospital visit

  • Income fluctuation

  • Poor planning

  • Fluctuating food and gas costs

For more information on this topic, including food cost statistics for the average American family, click the link below to see this month's issue of Consider This. 

January Consider This: Sticking to a family budget

Each month Consider This features a different topic related to the financial industry in Georgia, along with resources such as quotes from insiders, video interviews and links to relevant sources, which can help develop stories.

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