Taking The Steps To Develop Financial Goals
As with many other areas this starts with a staff meeting. Discuss what you both want out of life; look at both the short term and long term. Next a monthly budget needs to be established. Make room for bills, tithe, savings and other monthly expenses. With in this a decision about credit cards needs to be made. Set aside time to discuss annual financial goals as well. For example, what bills to pay off by end of year, what necessary purchases by end of year and anticipated repairs by end of year. Always keep in mind that love means compromise, mutual submission to each other!
As always listen to today’s podcast for more on this topic.
Myths About Money- Part 2
Check out today’s podcast for more money myths in marriage with Dr. Bob and Rosemary Barnes.
Myths About Money- Part 1
One of the first myths that some hold to is the husband should be the one handling the money. Finances should be a team effort with the one who is more financial minded leading the way. Because we marry our opposites one of the two spouses will probably be more financially bent.
Another myth that some believe is “it’s my money I’ll do with it what I please”. They live dual income marriages. It is hard to be one flesh and may create tension and competitiveness if this is how money is handled. What happens if one spouse is out of work or decides to stay home with children? This is why finances should be “one flesh.” Check back tomorrow as we deal with more money myths in marriage.
Listen to today’s podcast for more on this topic.
Becoming One Flesh With Money
Genesis 2 states, “and the two will become one flesh”. Few things tare that joining flesh apart as much as the way we handle our finances. Because we probably come into marriage with such different approaches to finances, we must come up with a game plan. Like we stated in our series on setting goals in your marriage, it can begin with setting goals. If spouses can agree on and work towards financial goals it will be a step towards maintaining financial “one flesh”. This all begins with communication. It takes communication to work through financial goals and it takes continued communication as you work towards them. Take the time to evaluate where you are in the financial oneness process. Sit down with your spouse and work through areas that need to be improved on to bring you closer together.
Listen to today’s podcast on finances in marriage.
Why It’s Such An Area Of Conflict
Money is one of the top three areas of conflict in a marriage; some polls even list it as number one. Why is that? Money can be a very difficult thing to see eye to eye on. Because we tend to marry our opposites, a spender will usually marry a saver. A “live for the moment” personality will marry a planner. This can cause the area money to be a huge mine field for potential problems. Then many come to marriage from a background with no training in finances or come into marriage with debt. Money can be a cause for huge stress. So how do we come together to deal with money in marriage? Check back this week for answers to that question.
Listen to today’s podcast for more on money in marriage.