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Determining your Money Goals

When you first get married you don’t typically choose a mate because you share the same money goals. Once the passion shifts and reality sets in though, you do learn that coming together in a marriage means coming together financially. The main step to success in this merger is to derive a clear set of mutual monetary goals. This process can be complicated and emotional. It goes beyond the marriage to personal and family goals. Arriving at a consensus can often be a struggle. Let the following tips help you better determine your vision as a couple. 1. Start by … Continue reading →

Do I Really Need to Manage My Money?

We all know people that drift through life, without seeming to have a specific direction of where they are headed. The future is always something that is never too focused. These people are very good at enjoying the present moment. While it is important to enjoy the present, it is also important to plan for your future. Money management is essential to help you achieve your dreams. Many people balk at the idea of having to sit down and budget their money every month. It is stressful, boring and too much work. But they often do not realize all that … Continue reading →

Setting Up a Realistic Budget

One reason that budgeting fails for so many people is that they set up unrealistic budgets. Often they may sit down and arbitrarily decide how much they should spend on each category. They may not take into account once a year expenses, and they may not plan for emergencies. Or they may cut the amounts they spend too drastically, and blow the budget in a week or two, and then just give up all together. Here are five tips to set up a realistic budget. 1) Track your spending for a month. If you use mainly debit cards and the … Continue reading →

Five Steps to Help Couples Manage Money Together

One important key to money management in a relationship is to have both partners involved in the decisions and planning. It is essential that both partners be on the same page as far as long-term goals, savings, and spending are concerned. If you disagree on the goals, then the spending and saving habits will not coincide, and there will be disharmony in the relationship. One person in a relationship may handle the day to day finances, balance the checkbook and pay the bills. It is important that the other person be aware of the situation, and be informed of changes … Continue reading →