Identifying Strategies

There are many strategies that people can use once they have identified the financial outcome they want to pursue.

To improve financial outcomes, families will generally have to use at least one of the following:

• Planning cash flow
  
• Reducing Expenses
  
• Increasing Income 

It’s important that families are able to make their own choices about using these strategies, as they will be the ones affected by their impact. Remember too that families can only cope with so many changes at once. If parents are working on other goals, such as changing substance using behaviour, or guiding children’s behaviour differently, they may have limited energy for following up small money saving strategies.