We are in our second to last blog post in our series “The Seven T’s to an amazing marriage.
In our series we have talked about:
- TUNING into each other.
- Being TRUTHFUL.
- Being intentional with our TIME.
- Giving, receiving physical TOUCH.
- Making TODAY count.
In our sixth blog post, I want to talk about TREASURE.
When I use the word treasure, I am referring to finances. How you handle finances will make or break your marriage.
One-half of the divorce rate – or about 1 in 5 of our divorces – are caused by money.
Being on the same page as our spouse with money will end many arguments.
Here are the ways Jennifer and I handle our TREASURE:
Handle your finances together
All our money goes into one checking and savings account. We do not have his account and her account. We do not have his bills that he pays and her bills that she pays. We have our bills and our money. It does not matter who makes more money. Every penny is ours as a couple. We decide what we spend and where together.
Have a budget!
You have to know where your money is going so you aren’t wondering where it went. We use the app “YNAB” which is an acronym for “You Need A Budget”. We love this app because it allows us to track our expenses in real time.
Have a Treasure leader
Decide who is the strongest with finances. Have them manage the budget and pay bills but work through this together. Remember, we want a leader that leads in the area of handling the finances with wisdom. We aren’t looking for a treasure hunter, someone who is trying to find where all the money went has gone.
Don’t spend money without letting your spouse know.
Remember, one our T’s in this series was TRUST. We show trust by being open and honest with our spouse. If we buy a set of golf clubs or expensive makeup kit without telling our spouse, we are asking for trouble. Plan large purchases together. Be open and honest about the things that you want, but live within your means.
Work towards being debt free
Financial guru Dave Ramsey says: ““If you live like no one else, later you can live like no one else.”
Living debt free opens you up to so much freedom. Imagine owning your home or cars outright or not having to pay any monthly bills except utilities? Working towards financial freedom will allow you to live the life you want and help others.
If most of your arguments in your marriage are about money, take a hard look at why. Are you so tightfisted with money that there is no freedom ever to enjoy what you earn as a couple?
Are you a spendthrift and you spend everything or run up credit cards and live beyond your means? Did you grow up in poverty so now you are always worried about money even though you have enough?
You see, you can follow this system laid out in this post with your spouse and still have a heart issue with money. Money is like a brick. You can build a wall with it or throw it through a window. The brick doesn’t care either way. It’s all in how you handle it.
Question: What tools or step do you have in place with your partner? Leave a comment on my Facebook, Twitter or LinkedIn. I would love to hear from you!