This past week I received an email from a reader asking how he can convince his wife of the importance of their financial union. Please share your thoughts if you have an opinion or similar experience. I pray that my wife and I will arrive at a level of peace and accountability in marriage and [...]
A pre-nuptial agreement (prenup) is a contract that is written before marriage detailing the division of property and other provisions in the event of a divorce. This would be similar to a business or pre-employment contract with clauses that deal with dissolution or termination. Both outline the specifics in the event the parties involve separate. [...]
Looking back, I know my wife and I made some pretty good decisions before we tied the knot, but there were probably a few things we could have done better. With money being one of the top causes for divorce today (and a whole lot of arguments), I think it makes sense to get marriage [...]
I’m currently writing a series called “What the Bible Says about Money.” The last post was about saving. To recap, I discussed the importance of saving for challenging times and how it’s foolish to spend all we have. This week I’m wrapping up the series with common Biblical principles about money and family. Have you [...]
It’s not uncommon to find both spouses working in todays society. For many this is a choice and for others it’s not a choice. In fact, as a Money Map Coach I’ve met couples who desire to live off of one household income, but can’t because their expenses or debt are too high. At the point [...]
Managing family finances isn’t easy. I’ve said before it can be similar to running a small business. You have to communicate and perform all the work associated with planning and cash flow management. Yes, it’s similar to working in the finance department of a small business except the team is only two people (husband and [...]
This week I had what I consider a great family meeting about money with my wife. To provide some background, my wife isn’t interested in all the financial details about our money management. I’m just the opposite. From past discussions, I’ve learned she loses interest quickly when I go into the finite details about our spending plan and [...]
Maybe you’ve been here, love birds? It’s the end of a long day and someone starts an unplanned discussion about money. Maybe it’s about spending money “you spent what on what?”, overburdening feelings of debt, not being able to pay bills on-time , or where to get the money to meet an upcoming expense. No matter the [...]
Should husband and wives have a joint checking account or should they have single accounts which they manage individually? There are a lot of conflicting opinions on this topic. It’s my money argument Some argue whatever amount of money they earn with their job is their money. They typically take responsibility for paying some of [...]
Most couples find themselves talking about money often, especially when it comes to spending or bills. Talking about money is important for any family (even for couples without kids) to properly manage their finances. If conducted in the right way, the discussions can be productive and help the family stay on track towards their financial goals. [...]
Wednesday, July 28, 2010
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