Ask yourself why. If your first plan doesn't work, don't be discouraged. Adjust it and try again. A budget is not something you make once and never touch again. Instead you keep ad- justing the plan until it works for your family and the results satisfy you.
Every family needs to know what it is worth financially.
A net worth statement is a big help in making your financial plan, in making decisions about the use of credit, and in making other major decisions. A good time to prepare a net worth statement is at the beginning of each year when you fill out your income tax forms. Such statements, if compared from year to year, will give you some idea of the financial progress that your family is making. College of Agriculture, Cooperative Extension Service, University of Idaho, FL15, 1974. Appreciation is expressed to Cindy L. Walker, Graduate Aide, for assistance in the preparation of this publication.