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Money Management Steps for Happy Couple

Money Management 1. Start Talking About Finances (Money Management) Your income, savings, debts, monthly bills & how you currently manag...

Money-Management
Money Management



1. Start Talking About Finances (Money Management)

Your income, savings, debts, monthly bills & how you currently manage your finance 


2. Establish Goals (Money Management)

Prioritise, decide on opening a joint bank account/ maintaining individual accounts or doing both, SHARE MONEY IN A SHARED ACCOUNT


3. Build an Emergency Fund (Money Management)

Aim to save about 6 months' worth of your household expenses 


4. Design a Budget (Money Management)

Establish a joint budget 

Share responsibilities 

Find the right level of risk as a couple 

Decide where important financial and legal papers should be located

Discuss who ought to be the primary decision maker


5. Track Your Budget (Money Management)

Give 100% of yourself 

Work as a team

Have weekly money meetings 

Adjust your budget if necessary 

Learn from each other 


6. Make It a Date (Money Management)

Put a reminder on your calendar to go through your account each month 


7. Save for Retirement (10%) OR Invest (Money Management)


8. Stay Out of Bad Debt (Money Management)

Manage debt as a couple.