Mutual Money Management
Is it love or money that makes the world go round? It’s both…Make money work for your marriage, not against it. You need tips on strengthening your marriage through mutual management of your money. This can be done and can even be fun! Keep reading to find out how.
Have open, honest and non-confrontational discussions about your finances. Set aside a regular time to talk about where you are, where you want to be and how you will get there…together.
Budgeting and Strategic Spending
Make budgeting a positive and fun project, rather than a chore. Don’t view a budget as a way to plan spending out of your life. News Flash: While you are alive, you will never stop spending money. And, the ultimate goal is not to spend less, but to spend strategically and find ways to increase your income to continue to meet your financial goals. Plan in the things you want and enjoy and work together to achieve them.
Be aware of your spouses habits and tendencies when it comes to finances. Don’t eye one another to find fault, but look for opportunities to step in and offer encouragement or a listening ear. Fear can lead people to hold onto finances tightly, or spend impulsively. Find ways to help build faith and trust into each other, and encouraging one another daily.
Regardless of the roles you’ve decided upon in the area of finance, you are both working towards your mutual goals. Look for opportunities to reward your spouse for their hard work. Have they been making personal sacrifices to stay within the budget? Acknowledge that in a way that will tell him or her: Thank you. I love you. I’m proud of you. I’m glad we are on the same team.
Learn from Financial Freedom
Get around other couples who are walking in financial freedom and learn from them. Look for couples who are seasoned and successful in the area of mutual finance, and allow them to mentor you as a couple. They have been where you are and have insight into your success.
The Three L’s
Love much. Live well. Laugh often. Always remember the love you have for your spouse. Keep that as a forethought, prizing it more highly than anything money can buy.
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