Abraham Lincoln. When it comes to money management for couples, you absolutely must work together to address your financ
Couples Must Work Together to Build Financial Wealth [The following is taken from The Back to Basics Book of Money: A Couple’s Guide to Financial Peace, by John Ingrisano.]
“A house divided against itself cannot stand.” — Abraham Lincoln
When it comes to money management for couples, you absolutely must work together to address your financial issues.
One cannot do it alone. It takes both. If one of you takes up the challenge of mastering the money skills while the other is uninterested (or perhaps even hostile to the idea), your odds of success will decrease dramatically. The key is to work together. Do this, and your financial picture will improve quickly and dramatically. Plus, you will enjoy the feeling of taking on this challenge together, as a couple and a team.
United you stand. Divided you fall. You are in this together. If you have children, they are part of it too. So it is time to get your crew together. No, we are not talking about bankers and financial advisors, though you may need them later. This is about your family. If you are married (or have a financially involved significant other), it is critically important that you work together as a team to successfully manage your money. If you have children at the age of dissent, bring them into the discussion, if only to help them understand that some changes are in the wind.
Why? Because money can be a powerful weapon in relationships. When a couple is at odds over money, the entire relationship can become a frustrating, destructive tug of war. However, when a couple is on the same track and in agreement on financial decisions, the potential for success in mastering money management is significantly improved.
