Budgets, Spouses & Making It Work!This post may contain affiliate links. Please see my disclosure policy for more details.
It’s no secret that money fights are the number one cause of divorce! Whether or not times are lean, talking about money can be difficult and being on the same page as your spouse is very important!
I’ve shared with you before that I’ve been on a budget since I was 15. Even though he’d never been on a written budget before we were married, Trent was extremely wise and responsible with his money! After we married we combined our finances and decided we’d be on a written budget. Since I enjoy the numbers, we decided that I would work the budget each week.
Now, before I share a few tips with you, I must say that Trent and I don’t have this money thing figured out. Like many of you, we have
fights discussions about money. God made us both unique so we each have different ideas about how we’d like to spend our money!
That being said, here are a few tips that we’ve found to help you make it work when it comes to budgets and spouses!
Agree From The Beginning
Whether you’re setting up a budget for the first time, or revamping the budget that you currently have, it is important that you both agree from the beginning. Like I said before, God made each of us with our own ideas so we’re naturally going to want to spend our money in different ways! Take the time to go through each line item in your budget and agree on it. You could even spit shake on it (as Dave Ramsey says) if you’d like!
Don’t Do It Alone
I touched on this in week #4 of the Budgeting: It’s Not Rocket Science Series, but it’s so important that I want to bring it up again. If you are the spouse working the weekly budget, it’s inevitable that unforeseen expenses are going to pop up. Before you “rob Peter to pay Paul,” talk with your spouse and decide together where the money should come from.
There have been plenty of times when this has happened to me. Instead of asking Trent what he thought, I’d stress out about where the money was going to come from. When I started including him in the decision making process, he’d quickly have an idea where we could take the money from. It was as if his decision was stress free – because it was!
Why didn’t I do this before?
Have A Monthly Overview
Much like not doing it alone, it is important to let your spouse know where your finances are each month. Have a monthly pow-wow and take a few minutes to look over your finances line item by line item. This allows the spouse that doesn’t work the weekly budget to ask questions and know exactly where you are with your finances.
Have Separate Blow Money
Blow money is just that, cash that you can do whatever you want with! Whether it’s $5 or $500 (ok, that’s a little over the top), I recommend that each spouse have their own blow money.
If Trent wants to spend all of his blow money on fishing stuff, I can’t give him a hard time. And, if I want to spend all of my money on massages, he can’t give me a hard time! That’s the beauty of having separate blow money!
Like I said before, we don’t have this money thing figured out, but these tips have helped us!
What’s your tip for getting on the same page financially with your spouse?