Mike Carruthers:
Perhaps it's human nature but when it comes to families and
money…
Mary
Claire Allvine CFP:
No matter what amount of money you make or how much you have
saved there's never enough money. There will always be tradeoffs.
Financial
planner Mary Claire Allvine, author of the book, The
7 Most Important Money Decisions You'll Ever Make…
One of
the things that we really would recommend couples do when they
identify that they want to start moving ahead financially is
to stop talking about money, to sit down and talk about goals.
We call this putting the romance back in finance. Go back to
the reason you as a couple got together. You never got together
because you wanted to establish a budget. You got together because
you had dreams together. You wanted to buy a home or retire
or travel or have children. Go back to talking about those.
Write them down and then you realize there are your goals.
And you
will be amazed says Mary Claire what will result from that one
conversation.
75% of
getting to where you want to be comes from simply having that
goal. So that honestly some of the impulse spending, some of
the money that trickles away without your knowing where it goes
stops when you have a clear goal in mind. If you know you want
to get out of debt and you know what that would mean for your
relationship and your family. It might mean your ability to
change jobs it might mean your ability to have a child. That
focus tends to change peoples behavior in a very real way. So,
if you do nothing else get there.
At somethingyoushouldknow.net
I'm Mike Carruthers and that's Something You Should Know.
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