The New York Times gives three tips for spouses to follow when dealing with family finances. First, you should schedule regular meetings. Set aside a time where you can talk freely about money. Second, be sure to talk about the big things, including plans for housing, vacations, savings, retirement, and children’s education. Third, set individual spending thresholds, the amount each spouse can spend without consulting the other.
These are good ideas to get couples talking about their finances and avoiding one of the biggest threats to marriage. –Jim L. Wilson and Rodger Russell
“Tip of the week. . . How to talk with a spouse about money.” The Week June 1, 2012
Proverbs 27:23 (HCSB) Know well the condition of your flock, and pay attention to your herds,