Posts Tagged ‘mistakes’
Financial Baggage from The Past has moved in on the Present
Did you bring financial baggage from your past into the relationship? There are times when people have financial baggage and bring it into a marriage. The difference between money and marriage without frustration and money and marriage that has stress and is on the verge of someone walking out is ALL ABOUT HOW YOU HANDLE IT.
Yes, you cannot ignore financial mistakes because they need to be cleaned up. Ignored financial mistakes only cause more problems they do not go away by themselves. Take each mistake one at a time and set a goal to get it paid off or whatever it is that you need to do.
Sometimes what happens though is a husband or wife lets the financial baggage from their past move in on the present and limit their choices based on THE PAST. They are making decisions based on that bad experience. I have a word for you today, You do not have to unpack!
People are unpacking that baggage and glorifying it. You may ask how are they glorifying it? Look at how – by continuously talking about it to everyone that will listen, making your decisions based on what happened back then even though now you are with someone different and not giving yourself a chance at a new result. So by doing so you are saying that you want more of that to happen. If you do not want the same results that you got in the past, then begin speaking a different result, take control of your finances and EXPECT it without a doubt.
If you keep looking back you will miss out on opportunities that could get money to you. Do not become stuck on what happened in the past. Take charge and make better decisions today. It is for the benefit of you as an individual and if you are married, the family.
5 Costly Money Mistakes Newlyweds Make
I love it when I find stories like this that reaffirm what I have been saying. Naturally when I found this one, I had to share this. This article talks about the 5 Costly Money Mistakes Newlyweds Make
One of the five mistakes is a lack of communication. That does not surprise me because we both know that money is still a “Taboo” subject when getting married. Even in 2009 with everything that is going on with the economy, sometimes money is not being discussed in the manner it should be.
I must admit when I read about this couple who are newly married but lived together for seven years, purchased a home after they got married stated that they realized financial decisions can be some of the toughest.
Makes me wonder what were they doing when they lived together! Were they keeping things separate and not even talking about joint finances for seven years or what do we do if this… since we are under one roof. Now, I am not advocating living together prior to marriage -what I am pulling from this article is it appears couples have not thought about married life.
A second one is a failure to plan. To me this goes without saying because when you are unprepared, financial challenges can tear down a relationship really fast, cause husbands and wives to point the finger at each other and lead to all sorts of stress in the marriage. This can happen whether you are a newlywed or married for a longer period of time.
A third one is handing over control. When it comes to managing finances for the marriage, I am a huge believer in including the person that is not the money manager. They need to be aware of all the details – how the bills are paid, when, the account numbers, the automatic deductions and more. Do not set your spouse up for financial disarray by not including them in the financial picture.
What do you think are the costly money mistakes?
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Three of the Toughest Words to say when it comes to Money
Money has many roles in our lives. Yet at the same time being something that most everyone wants, it is also one thing that many have limited knowledge in how to manage. With limited knowledge people manage money by trial and error thereby causing other mistakes. Look at these statistics for example:
1 in 3 marriages deal with financial infidelity
Money is one of the top reasons for divorce
The average college students has over $20,000 in debt when they graduate.
From a survey of married couples, only 14% said that income, debts and assets should be disclosed before marriage.
These are only the beginning of statistics that are out there. Money is a tough subject that changes lives good or bad. A lot of people remain in financial stress and unhappiness because of these three words that are the toughest to say…… I NEED HELP
If you cannot say these words, you stay in financial stress and difficulty. Once you step out and say these words your life can change. I remember when I said those words – it was very hard and even made me cry but once I did it, things began to change.
Caution: Do not let pride keep you in the vicious cycle of debt.
Voice of Financial Understanding when You Feel Alone
Bills, bills and more bills. You work each day and get paid twice a month. The debt has gotten so bad that you do not even look forward to payday because the money is already spent. Month after month you pay one bill and get behind on another. You don’t like it but you have found a little solace in knowing that you are paying.
All of a sudden, there’s a little glimmer of hope because one pay period you actually got some overtime. This time it seems you are about to get caught up. But the next thing you know, the next month you are behind again. So you sit and believe that you are all alone.
You continue going to work and not saying anything to any of your co-workers, yet your work begins to deteriorate. Your mind is constantly focused on the finances and you do not know what to do. You have been praying and nothing seems to be changing.
You do not think for one minute that you can divulge this challenging area in your life. You believe people are going to judge you and make you feel worse than you already do. Night after night you go to bed upset without your financial issues being resolved.
You are not alone. There are people like you all over the world. The difference between you and them today is that you can choose to get on a path that leads to financial cleanup and success. Sure that does not come from your being silent. That comes with your stepping out and realizing you have to get guidance from outside of yourself. What will you choose today – continued financial nightmare or a plan towards financial cleanup and success?
