Learning how to manage money as a couple is one of the biggest hurdles you’ll face. A study by TD Bank found that nearly 40% of couples between the ages of 23 and 38 fight about money at least once a week.
Once a week! That’s 52 fights a year you could avoid by learning to manage money better as a couple.
That’s where the Zeta: Couples Finance app comes in. It’s a free budgeting tool designed for couples. Keep reading this Zeta review to find out if it’s right for you and your partner.
Being in debt can cause mental stress, physical stress and marital stress.
Michael Lacy and his wife Taylor were under marital stress when their debt caused them more problems than they were prepared for. After some honest discussions and hardcore planning, they managed to pay off all their debt and come out stronger as a couple.
One of the most important decisions anyone can make is who you choose to spend your life with. Marriage impacts us emotionally, socially, legally, financially, and in so many other ways.
While the divorce rate in America is dropping, so is the marriage rate. That means married couples understand marriage is important, we might not know exactly where to turn for good advice.
Today, I sat down with Kimberly Holmes, the CEO of Marriage Helper, to learn more about the reasons why marriages end and what couples can do to save them. Kimberly explores three broad categories of marriage trouble, details some of the warning signs, and outlines steps that we can take today to be better partners tomorrow.
A lot of us are hard-charging employees, side hustlers, or business owners who are looking to grow, get that promotion, or just make more money. But we can’t forget the most important people in our lives: our spouses and our children.
Today, we’re going to talk about how we can practice putting family first and how it’ll help us be even more successful in our financial lives.
Jon Vroman is my guest today. He’s married to his wife Tatyana and he’s a father to two energetic and playful boys, Tiger and Ocean, and they live in Austin, Texas.
Jon is a bestselling author and the founder of a global network of men at Front Row Dads. They believe in being family men with businesses, not businessmen with families.
With many lending companies offering convenient (yet high interest) wedding loans these days, it can be tempting to borrow money to have your ideal wedding day. After all, the average cost for a wedding is around $35,000. That’s a lot of money.
The unfortunate thing with borrowing is that debt follows us into the first days of our marriages. And with money fights being one of the top reasons for divorce, starting off with 5-figures of wedding debt might not be an ideal starting place for this lifelong partnership.
Today, I’ve invited someone on the show who’s not only experienced the emotional and financial hardships of debt, but she figured out how to combat it and eventually pay for her $40,000 wedding in cash.
Stefanie O’Connell Rodriguez is my guest today. Stefanie is a nationally recognized millennial money expert and author of the book, The Broke and Beautiful Life. Stefanie’s work & advice has been featured in The Wall Street Journal, The New York Times, USA Today, Cosmopolitan, Glamour and Oprah Magazine.
Stefanie lives in New York City with her brand new husband.
This is one of my favorite times of the year. Every 50 episodes, I have the extreme pleasure of interviewing the most important people in my world … my family. With it being episode 150 (woo hoo!), I didn’t want to pass up the chance.
We’ll start things off with my daughter Zoey. We’ll be chatting about summer, sports and how she likes to use her chore money.
My son Calvin Hill will be next and we’re going to briefly discuss Spider-man, learning to ride his bike and why we give our money to charities.
Last but not least, my final interview will be with my wife of almost 10 years, Nicole Hill. By popular demand from the MKM Community, we’ll be chatting about how embracing minimalism allows us to have a happier and less stressed home life.
Here’s an abbreviated transcript of our conversation below. Enjoy!
The Budget Party is a monthly get-together meant to set aside time for me and my wife to have important conversations about our financial future together. We review how we used our money from the previous month, what we want to do with our cash this month and how we’re tracking on our overall financial goals.
Outside of the obvious financial benefits of this activity, these meetings are great for our marriage. We discuss what’s important to us, how we’re going to get there together and how we see our relationship growing over the years to come. With two small children in the house, time for discussion is limited. The Budget Party gives us a little break and helps me feel closer to my wife.
If all this financial growth and marital relationship building stuff sounds interesting to you, I’ve compiled 10 easy steps for you to build your own Budget Party. This way, you can create your own monthly meeting and strengthen your family tree for years to come.
In order to achieve financial independence, you need to first understand what your annual expenses are. That’s how much money you need to live comfortably every year.
Your annual expenses can include things like housing, transportation, food, utility bills, entertainment, travel and the many other things that make your life … well, your life!
For our family, I’ve found that number to range between $60,000 and $70,000 per year. That number is after taxes and it doesn’t include money for saving and investing.
With lower annual expenses, it would definitely be a lot easier for our family to become financially independent.
If we’re using the 4% rule to calculate how much to save to become FI, then we’d need $1,500,000 – $1,750,000. Considering I have around $4,000 in a taxable brokerage account at 37 years old, that’s going to take quite a while!