Bangalore: Managing your money is not easy task. It calls for a lot of planning and good money management. One might even consider hiring a financial advisor in order to stay far from any financial mistakes. But most people consider hiring one, only when they incur losses. Before that the new family might consider living beyond their means. They tend to ignore certain important factors of concerning money. Whether they should have a separate bank account, how handle finances. Whether they should have a monthly budget. Mistakes are unavoidable. But you should identify those mistakes and work on them in order to get back on track and have a financially secure life. Not Maintaining a Budget Most of the couples spend beyond their means. They don't believe in confining themselves to a strict budget and spend their income in reckless shopping ignoring the importance to save for their child. Once they have spent half of their income they consider to save the little money that is left. The new family should consider making a budget and spend the money that is left after they have invested in their different saving account. Investing for secure future should be your priority.