Category: Finances

Whose Money?

Remember when we were kids and our parents told us to share? Why was that so hard? Well if we thought it was hard to share our toys it’s even harder to share our money. When you get married it’s time for a change in the mentality of, “Mine!”

When you get married, it is no longer, “your money” and “my money,” but rather “our money.” Likewise, it is no longer “my debts” and “your debts,” but rather “our debts.” When you accept each other as a partner, you accept each other’s liabilities as well as each other’s assets.

A full disclosure of assets and liabilities should be made before marriage. It’s not wrong to enter marriage with debts, but you ought to know what those debts are and agree on a plan for repayment.

Marriage is two becoming one. Applied to finances, this means that all our resources belong to both of us. One of us may be responsible for paying the bills and balancing the checkbook, but this should never be used as an excuse for hiding financial matters. Full and open discussions should precede any financial decision. Marriage is enhanced by agreement in financial matters.

If you’re the “bread-winner” of the family how do you maintain humility and remember that it’s not YOUR money? If you have a lot of debt in your name, do you ever feel blamed by your spouse for that? We can lift one another up if we remember that all we have belongs to the Lord anyway.

How do you work out finances in your home, and remember the “OUR” rule?

Money! An Asset or Liability?

Sometimes it seems as if the more we have, the more we argue about what we have. The poorest of couples in America have abundance compared to the masses of the world’s population. I am convinced that the problem does not lie in the amount of money that a couple possesses, but in their attitude toward money and the manner in which they handle it.

I think a lot of us have an idea in mind of what the perfect home, perfect car, perfect job that seems to be the benchmark of what would make us happy. We get there and then realize, “No, that not quite enough.” Author Jeanette Clift George has said, “The great tragedy in life is not in failing to get what you go after. The great tragedy in life is in getting it and finding out it wasn’t worth the trouble.”When life focuses on getting more money, we have the wrong focus. Our marital relationship and our relationship with God are far more important than how much money we have. Getting our priorities straight is the first step in making money an asset to marriage rather than a liability.

What ways can money be a liability to your marriage? Discuss what you think it looks like when money is an asset to your marriage.