049 | Simplify Your Marriage and Finances with a Budget

Simplify Your Marriage and Finances with a Budget

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Marriage is a beautiful thing. You get a best friend for life that loves you, laughs at your bad jokes and tells you when you have one of those stray hairs in your nose.

Your spouse is your friend, your partner-in-crime and that person who simply tells you like it is. It’s all in the vows, right? You’re supported in good times and bad, in sickness and health, for all our days on earth.

Does all this lovey-dovey, schmoopie talk mean that we agree on everything too?

via GIPHY

Of course not – especially when it comes to money!

That is why a lot of families (including ours) work together to develop cash flow plans (or budgets) each month. My wife Nicole and I dubbed our get together the “Budget Party”. We get together for a kid-free evening of planning, dreaming and number crunching on the 1st of each month. We review our spending from last month and plan out our spending for the next month. This helps us to come to an agreement on our financial direction before the month begins.


Related: Budget Your Way to Financial Freedom in 5 Easy Steps


When we started our monthly budget parties around 2011, we used excel. That worked fine for a while.

A couple of years later we jumped into Mint. That system had automated features that allowed our accounts to easily sync instead of manually loading in the results. That made Mint a clear winner over a traditional excel sheet. For the last 5+ years, we’ve been using Mint and loving it.

Today, we’re going to learn about a whole new budgeting app called Honeyfi.

Honeyfi

Honeyfi Screen Shot
Honeyfi, Couples’ finances simplified

Like Mint, this app also has account syncing, but Honeyfi differentiates itself by focusing on the marriage dynamic. It’s a budgeting app specifically geared toward couples. Given my love for a good budget, I had to invite the founders of this new company on the show so we could nerd out about marriage and money.

Ramy Serageldin
Ramy Serageldin, Co-Founder Honeyfi

Ramy Serageldin and Sam Schultz are two of the founders of Honeyfi. Both of these gentlemen have lived through the trials and tribulations of finding financial harmony in marriage. Knowing there is a need in this marital finance market, they came up with a solution.

Sam Schultz, Co-Founder Honeyfi

What are we covering today?

Ramy, Sam and I discuss:

  • How this company came together
  • Why Honeyfi is the right app for couple’s who budget
  • Why budgeting will help you find harmony in your marriage

I think this conversation will hit home for all the married folks out there. We all know discussing finances can be difficult. With the right tools, we can all have a healthy and wealthy marriage.

Click the play button above or listen on iTunesGoogle Play or Stitcher.

Show Resources

(The resources below may contain affiliate links that will support the management of this site and podcast – thanks!)

FREE Guidebook to Saving $1,000 Without Leaving Home: 3 Steps to a cool grand in your pocket. Enjoy!

Honeyfi

5 Love Languages: How to Express Heartfelt Commitment to Your Mate

Create Your Budget on Mint in 10 Simple Steps

10 Easy Ideas to Make Your Next Budget Session Fun

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I truly appreciate the podcast love everyone!

Carpe Diem Quote

“Marriage is not a noun; it’s a verb. It isn’t something you get. It’s something you do.”  -Barbara De Angelis

 


Do you budget with your spouse?

Has it helped the communication in your marriage?


 

Author: Andy Hill

Andy Hill, a mid-30’s father of two living in the metro Detroit area, pens the MarriageKidsandMoney.com (MKM) blog taking you through the trials and tribulations of being a young parent and husband who is planning for his family’s future and winning with money.

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