Honeyfi Review: Money Management and Budgeting For Couples

Every relationship usually has a  “spender” and a “saver.” While the old adage says that “opposites attract,” different personalities can make budgeting harder than it needs to be. 

Honeyfi can blend each of your unique money habits into one simple app in a way that both of you agree on, even if your partner would rather eat brussel sprouts than stick to a spending plan.

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How to Throw a Budget Party with Your Spouse

My wife and I have had some incredible financial wins during our marriage. We eliminated $48,032 of debt, paid off our $195,000 mortgage and increased our net worth by $800,000 all in the last 9 years. And the one tradition that has been constant throughout the entire process has been our Budget Party.

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. 

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How Couples Can Stay Motivated When Paying Off $100,000 of Debt

Our first question of the month comes in from Daniel from Texas who wrote to me on my Facebook Page:


Andy, 

My wife and I have been married for 3 years. We are currently trying to pay down approximately $103,000 of debt. We initially started with $190,000 of debt when we got married. So we are progressing. 

What’s the best approach to talking about debt and tackling it together? 

We’ve taken the Dave Ramsey course and are currently doing the Debt Snowball, but at times we get into little arguments on our approach on how to tackle this debt. Any advice on how to handle that? 

And what did you guys do to stay gazelle intense while on your debt-free journey? We are starting to get pressure from family about having kids and she feels like we are stagnant in our lives due to this debt.


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10 Budget Apps That Make Your Personal Finance Goals Easy

There are mobile apps for just about everything nowadays. This includes apps designed to help you improve your personal finances through budgeting.

Using a budget is an excellent way to eliminate debt, save money, and reach your financial goals faster. With new budgeting apps available to download every year, which ones are the best for you and your family to improve your finances?

Here are 10 budgeting apps that we like.

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How Do I Get My Spouse On Board With Budgeting?

Last month, we paid off our $400,000 home in just under 4 years.

It took a lot of diligence, patience and teamwork between my lovely bride and I, but we’re proud to check this important family milestone off our list at 35 years old.

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Control Your Money to Control Your Life – with Peter Polson

On a train to downtown Dallas for FinCon17, I randomly caught up with the Founder of Tiller, Peter Polson. Tiller is a customizable money management tool that harnesses the power of Google Sheets. Peter and I had an inspiring chat about family, business and how his company is helping people control their money and, in turn, control their lives.

About Our Guest:  Peter Polson

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Create Your Budget on Mint in 10 Simple Steps

If you want to improve your financial situation, you need to develop and live on a budget. By doing this, you are creating a detailed map that will guide you to financial freedom.

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Budget Your Way to Financial Freedom in 5 Steps

When my wife Nicole and I started our marriage, we were $50,000 in debt and spending money like it was our full-time job.  I, for one, had no issue going on vacations, driving cars and updating our home all on credit.

When we started thinking about having kids, Nicole and I knew it was time to break our addiction to debt.  We knew we needed a plan to master our money.

We had heard that developing a monthly budget could help us in eliminating debt, saving more money and reaching our goals.  So, we gave it a go.  It was rocky at first, but soon it became habit.

Fast forward six years later, we’re debt-free, our net worth has increased by $800,000 and we are mortgage free. We’ve never been happier.   

The catalyst for this major change in our lives was creating and sticking to a monthly budget.   

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How to Talk to Your Spouse About Money – with Elle Martinez

Building wealth is a lot like building a strong marriage.

Both require determination, passion and the ability to communicate effectively.

Determination

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