3 Easy Tips to Stay On Budget With Your Spouse


Congrats, you and your spouse completed one of the hardest parts of financial planning - establishing a realistic budget. Now it is time you both stay on the same page and obtain your financial goals. Here are 3 tips that can help you and your spouse stay on track with your budget.

 

Talk Regularly About Your Finances With Your Spouse

Set up a regular schedule where you and your spouse spend quality time talking about your finances one-on-one. There is no set frequency to how often you have this discussion. It can be anywhere from once a week to once a month. Find what works for the two of you and stick with it. Having this conversation on a regular basis will keep you both in check and on track. It eliminates any surprises and avoids any potential arguments.

 

Commit To A System That Will Keep You Both On Track





This one is straight forward, no lengthy explanation needed. This could be can be an app on your phone, the old school cash envelope system, or a beautiful Google Spreadsheet that you color code. Pick a method that you will both readily use.







 

Celebrate The Small Wins

Celebrate your small successes on the way to achieving your long term financial goals.

You were able to save an extra $400 this month because you spent less on groceries and unsubscribed to a couple of streaming apps. Remember, just because you have extra money at the end of the month doesn't mean you should spend it all. Put most of it into savings or perhaps make an extra payment towards debt. However that doesn't mean the two of you can't treat yourself. You did something AWESOME, you made it under budget it! Get a drink at your favorite bar or coffee shop. Embrace the moment. Honoring small wins keeps you both motivated to attain your financial goals.



 

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