Making money decisions together

Set aside a time to discuss money matters and stick to it. This is a "date" to review finances and plan ahead. Choose a time when you will not be disturbed.
Focus on the facts and figures. This is where you are and this is where you want to go.
Blaming only sets up walls and breaks down communications, so focus on solutions to current problems.
Keep each other informed about individual assets and debts. Be open and honest to avoid surprises that could cause problems later.
Divide the financial responsibilities as evenly as possible so that neither of you feels overly burdened or put upon.
Be open and willing to look at new ways to handle your finances.
Use a Budget and Planning Worksheet to strategize your financial goals. Be sure to review this every 6 months.
Involve the children in family financial discussion and decisions as much as possible. Show them by example how decisions can be made for the good of all family members.
If you feel that your spending or your partner's spending has gone out of control, or if you're having problems resolving a money issue, seek help immediately from a professional counselor.
Remember that developing money management skills takes time, so make a commitment to work together on this.

To find out more about how we can help, click here.

To ask questions or schedule a no-obligation consultation, click here.