Posts Tagged ‘bills’
Book purchases came in at the end of the day yesterday. This morning’s discussion was do I mail them in a box or padded envelope. Which was more cost efficient? Also whether or not I should order more books so that I’m not caught without any books when orders come in. Hubby and I had talked about a specific promotion that I was to implement this week. I did implement it and sales began coming in from this new target. We discussed it even down to the subject line. I had two specific ones and decided it to test each with two different lists so that I could see which one was more favorable.
I decided that I would use a padded envelope for the books instead of a box. Was more cost effective and I got two at that time so I wouldn’t have to go back to the store right away. Anticipating orders and preparing ahead of time is the key. This day was light on money conversation which as you have learned prior it is not a bad thing.
Let’s talk briefly about why our money conversation is light. My husband and I came to our marriage with our eyes open, checkbooks on the table and credit cards revealing the good, bad and ugly. We faced in the beginning of our marriage what some would consider the hardest part – being in the red financially at every turn. We were not losing sleep but were definitely fed up with creditors calling and feeling as if all we were doing was paying bills. When all you are doing is paying bills it doesn’t make for a good quality of life. There are days when you seem as if you may not get ahead or even ask yourself is it worth it.
Let me assure you that money challenges only last for a brief period of time. You have to own up to what you are dealing with when it comes to money issues and put a plan in place. For those of you reading this that may say, Eric and Taffy we are so overwhelmed we don’t know where to start. Now is the time to take action and get a clear picture. We provide couples counseling via telephone for those who are not local. You may even be able to discover some answers through the posts on the blog. There are a lot of answers here.
Go to www.moneytalkmatters.com and check the posts. You can type in a key word or secure your counseling session today.
I have been teaching a lot locally in Denver regarding Money Management. Each time there has been great turnout and lots of questions being asked. People are tired of being in debt, struggling in the economy and not getting the help they need.
I have given a seminar for a Singles Summit and the majority of the participants had some experience with money within a marriage and had their own perspective on how they would handle finances when entering into a new committed relationship. They also were able to determine what is important for them when it comes to a relationship and the role of money in that relationship.
I taught at two of our local libraries for those communities about money. Interestingly enough it is always an older crowd that has had it with the economy and they are seeking answers. There were several younger adults and they had their own experience when it came to the economy “tanking” so they were there to get answers as well.
Before 2011 gets away from you, I encourage you to get the help that you deserve. If you are seeking personal financial counseling, click the tab under Money in marriage and get the counseling help you need today.
Engagement time is a very happy and emotional time for many brides-to-be and families. Once the engagement happens sometimes within days thoughts begin swirling about wedding plans everything from flowers, wedding gown, caterers, reading bridal magazines, participating in online bridal forums and even creating your own online wedding website race through your mind.
There is no doubt that many brides will take the time to do the research, some will hire a wedding planner and some will not. Even those that don’t hire a wedding planner yet become an expert at “DIY” will make sure they have done the research and checked things off of the checklist. Planning Planning Planning.
Now one of the areas that does not get nearly that amount of attention for most during this same time is MONEY COMMUNICATION for marriage. Sure, brides are talking about the wedding budget, however, do you love him enough to say I want to show you my credit report or will you show me your credit report.
Do you love him enough to say, how would you handle if I lost my job and couldn’t get employment for six months – how would WE handle this? Do you love him enough to say, I’m not sure I want to automatically combine our finances if that is not what you want?
Marriages are ending all the time because of money. Whether it is overspending, money secrets, lack of money – doesn’t matter statistics show that one of the top reasons marriage end in divorce is because of money.
Are you failing to plan your money and marriage talks, money management skills and how to handle money management issues BEFORE you say I Do? Could you answer those questions without going to your groom right now because you felt as if you’ve talked about it or felt those talks could wait?
If you FAIL to Plan, then you PLAN to FAIL in the area of Money and Marriage DURING your marriage. When money challenges start, dynamics change in a relationship really fast because of emotions and other factors that you usually are not prepared for.
Get PREMARITAL FINANCIAL COUNSELING today! Think about it, how many marriages do you know throughout your family or even friends that have ended due to money issues. How many of them could have been saved IF they had premarital financial counseling prior to saying “I Do” and developing a financial plan for their marriage.
Its 2011 and there are many that recently became engaged over Christmas Eve, Christmas Day and even New Year’s Eve and New Year’s Day. You are beginning a new page in your lives when it comes to money and marriage.
Sure within the next few weeks to days you will begin planning your wedding and there will be thoughts of a wedding budget. Let me encourage you to also think about money in this regard – your individual financial behavior as a bride-to-be or groom. Are you ready or prepared to begin managing money for two people knowing that whatever you do could affect your future spouse’s credit report?
Money is and has always been a part of marriage. This is not a topic that should be avoided now only to later become a point of contention. Money in and of itself cannot do anything. Truthfully, it is how people handle money that causes stress, strife, decrease in job performance, division in families and much more.
For those of you reading this that are engaged (whether newly engaged or have been for some time), time to write the vision when it comes to your money and marriage and make it plain. If you seek premarital financial counseling, I encourage you to do two things:
1) Sign up for the Bride Groom Money Talk Tips to the left of this page.
2) Go to Brides tab and register for premarital financial counseling today. Don’t set your marriage up for failure by not having a plan when it comes to your money and marriage.
Do not get caught going into your marriage without having a financial plan for your marriage. Think about it, no one goes on a road trip without having a map – you do not plan a wedding without having some direction and without doing your research to make sure it happens the way you want it.
Same thing should be true with your money and marriage. You should not leave it to chance that once you are married it will be what it is going to be. Have direction, vision and goals for you marital finances even before you say I Do. It is a choice between marital financial success or marital financial stress and strain. You decide!
This morning on The View, Whoopi said I love the Wedding day, its the day after I have the problem with. That has been in my head all day because I believe there are many that fall into this category.
How many brides should we say are sooo excited about their wedding day and then when they return from the honeymoon its post-nuptial withdrawals? Planning their wedding, meeting with the wedding planner, caterers and such was fun and busy. Once they return from the honeymoon… its quiet.
I think so many are focused on the wedding, yet they forget to plan, prepare and prevent unnecessary issues when it comes to marriage. Plan how you want your marriage to unfold, prepare for merging money in order to prevent blowups regarding financial stress. Of course there is more to it than that, yet that is a place to start especially since there are a lot of financial challenges that can arise in the first year that really tear a marriage apart.
When newlyweds start out with marital debt, it makes it very hard to nurture and enjoy the relationship instead of arguing about the money and pointing the finger which more than likely will happen.
To prevent wedding day blues, talk with your soon to be spouse about what you want your marriage to look like, how you want the finances handled and what are mutual steps you can agree to take in order to prevent stress on the marriage.
There are many brides-to-be and grooms-to-be that are dealing with one of their future spouses being broke and they are shouldering all the bills during the engagement phase and they are sick of it. It is not only because they are shouldering all the bills, furthermore, they are the one taking care of keeping the house clean, cooking dinner and more. Incidentally, this is beginning to wear on the one that is bringing in the income.
Newsflash – If this is what is happening when you are engaged and you are not expressing your concerns and talking about it, the same will occur once you are married. Notice I said if you are not expressing your concerns – not arguing, calling each other names, walking out and leaving things unresolved. None of those behaviors solve financial shortcomings. Let’s break it down.
When you are engaged and only one of you are bringing in the income – yes initially it seems okay but it will wear off in a short matter of time. Here is what you look at: 1) Does your future spouse have the initiative to change jobs or get a job if he or she is not working; 2) Do they also have bills and you are paying his or her bills in addition to yours and are you able to do it without falling behind on your bills; 3) It sends a message when he or she is not paying her bills during the engagement phase because what will they do when an emergency or situation happens once you are married?
Let’s take it here, what would your parents say if they knew your future spouse was not paying his or her bills and you were paying everything? If you won’t tell them, what keeps you from telling them and why? My purpose here is to show you this could be a red flag because people do not change once they get married. As a matter of fact, after a period of time they get comfortable and what you put up with for a certain period of time becomes acceptable and they do not expect they should change.
You can be sick of shouldering all the bills and are you going to TALK about it? What is it that you want to see happen in your finances while you are engaged and then let’s talk about once you are married. Because normally what happens while you are engaged gets carried over into the marriage. Set the right foundation now for financial and marital happiness not discord.
Brides – stop read and learn. I have been getting several questions regarding fiance’s and I must say please pay attention. This question came no doubt from a bride and you need to read this answer in full.
Question: Should a fiance help with bills even if he does not live with me?
Answer: This answer is going to be quite detailed because there are several variables.
First and foremost, the fiance’ should not be obligated to help the bride-to-be pay bills if they are strictly the brides’ bills that were created even before the fiance’ came along. Now if he chooses to help, it should be his choice and not one of feeling as if he was manipulated into helping. That would be wrong.
Second, if these were bills created by the bride-to-be for the wedding that they (bride and fiance) budgeted for, then sure he should help out with the bills even if he does not live there. Another factor that comes into play with this is if they are primarily paying for their own wedding and the parents are not contributing or are making a minimal contribution to the wedding.
Third, if these are joint bills they created together what I mean by that they opened up joint credit accounts and they have charged this and that, sure he should help pay for the bills even if they do not live together. This can be a lesson in money prior to saying “I Do”. What can be learned in this lesson is what was the original agreement when it came to expenses, who would pay, etc. If the fiance helped create the debt and then decides that he does not want to help pay, I say to the bride-to-be take a long look and decide if this is what you want your marriage to be like.
If he does not voluntarily help pay before then more than likely he will not pay after you say “I Do”. Then what happens is you are going to have regrets and think of ways to get out of it.
This is a “hot topic” that I continue to see needs answering. Should parents give married “GROWN” children money. Let me say upfront there are a lot of different factors and I am going to discuss them right here. Because LIFE happens and the answer can vary. Take the time to read this and decide what applies to you or what will you do when your children are grown and married.
First situation: I think it is acceptable for parents to give grown married children money if they are in an emergent situation. It was unexpected, they are not bad money managers but an unexpected sitation has happened. Also as long as the husband and wife, both know the parents gave the money. This does happen and can happen.
Second situation: Parents are loaning their adult child money without the spouse knowing it. This is primarily when the spouse is complaining to parents about their spouse. So the parents are almost taking sides and encouraging separation in money and marriage by their actions. Do not even pretend it does not happen because it does. Parents do not insert yourself in the middle of a husband and wife financial issues. They have to learn how to talk with each other (not argue) and work out their differences. You are not in their home 24/7 and are getting one side of the story.
Third situation: Grown married children are taking advantage of their parents because they know they can. There are probably a husband and wife that are bad money managers based on their own background, then they run to mom and dad to bail them out of their financial troubles because they know they can without any remorse. This in itself makes for debt situations that can tear the marriage apart. What can also end up happening in this situation is that one set of parents become a bank and the other set of parents are almost ignored because they do not open up their wallets. Either way, all of this scenario is bad.
Caution for parents: When brides and grooms get married initially, they need to learn how to rely on each other. Not run to you to bail them out at the first sign of financial stress.
Brides and grooms: Do not go to your parents and speak negatively about yout spouse and money. Once you paint a picture of negative and uncooperation, it is hard to change it back.
Brides to be: ALERT – We all know the statistics and I am going to remind you what they are:
Money is one of the top reasons for divorce
Three out of four married couples are arguing about money since the recession.
One in three marriages deal with financial infidelity
If your fiance does not pay his share of the bills that you are creating together prior to marriage, be “CAUTIOUS”. Why, let’s lay the cards on the table:
(1) Why is he not paying his share? Is it because he just does not want to?
(2) Can he not afford to? He could afford to create them with you.
(3) Is he blaming these bills on you?
This is not a time to ignore the fact that he does not want to pay his share. Is this a pattern and will this be what he does once you are married? There are clear signals that people are ignoring every day in order to walk down the aisle. Then they get divorced because of issues that arise such as money, when they did not talk about it in the first place.
Brides to be (and grooms) – pay attention to what your soon to be spouse is doing with the money prior to your getting married. Don’t just focus on the wedding plans – but look at how they are paying their own bills, are they even talking about it or being silent, what are the parents role in their bills if any and much more.
You do not want to come back from the honeymoon to discover debt beyond your imagination and have regrets. Life is to be enjoyed not dreaded.
Begin talking about money today. One way you could spark the conversation is to tell him about a financial situation that you are dealing with and see if that encourages him to open up about his own financial situation. Nothing too heavy but enough to let him know that you trust him and want to include him in decisions you are making.
Start talking before you come home to the pile of bills.
There are many married couples where one person in the marriage is taking care of the money and the other person has no knowledge of what is truly happening with the household finances. I like to say there is a group of people that are managing money in marriage as a solo effort.
Solo means one. Doing alone. The problem with the solo effort is that the person in this position can get into financial situations where decisions need to be made that affect both the husband and the wife, not just one person. Marriage is the relationship that you are in and have; money is a facet of the marriage. It is important that both husband and wife participate in the financial facet of the marriage. You cannot put all of the responsibility on one person and then disagree with the consequences of the choices they made.
This solo effort can wind up making the person dealing with money feel soooo low that they cannot make an informed and educated financial decision. Yet the other person in the marriage has no idea what is truly happening with the finances until it is almost too late. If your marriage falls into this solo effort, stop it from continuing on this dangerous path and begin talking with your spouse today.
Inclusion is better than exclusion. When spouses are excluded from certain things, it can affect the marriage on a long-term basis. Do not put your spouse in the position of not knowing. Remove the solo effort today and include them in the household finances. You will not have to bear the burden of a lack of finances, late pays on bills and more on your own.
A united effort is better and produces better results. Don’t put all of the responsibility on one spouse. It affects both of you.