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Wednesday, June 1, 2011
Balancing Money?
The #1 cause to marriages ending up in divorce are due to financial problems. How can a couple balance their funds to the point where they'll be financially comfortable and NOT exceed their expenses?
I believe it is important to have two sets of money. One for you and one for your household.
Couples need to first sit down and go over monthly expenses. Once that has been accomplished, both parties then need to figure out how much they can comfortably contribute.
Couples want to stay away from impulse spending and communicate when they want to make a big purchase.
Since financial problems are the #1 cause to divorces in America, a couple should never start their marriage off in debt by paying for an extravagant wedding that’s beyond their means. When a couple finally gets married, to avoid financial problems, they should have three (3) banks accounts. Each person should have their own account along with a joint account. Every pay check, money should go into the joint account from each person and discussed how it’ll be spent. With three (3) bank accounts, personal wants will NOT get in the way of business needs.
I believe it is important to have two sets of money. One for you and one for your household.
ReplyDeleteCouples need to first sit down and go over monthly expenses. Once that has been accomplished, both parties then need to figure out how much they can comfortably contribute.
Couples want to stay away from impulse spending and communicate when they want to make a big purchase.
Since financial problems are the #1 cause to divorces in America, a couple should never start their marriage off in debt by paying for an extravagant wedding that’s beyond their means. When a couple finally gets married, to avoid financial problems, they should have three (3) banks accounts. Each person should have their own account along with a joint account. Every pay check, money should go into the joint account from each person and discussed how it’ll be spent. With three (3) bank accounts, personal wants will NOT get in the way of business needs.
ReplyDelete