Ambri Miller

Ambri Miller

Friday, July 1, 2016

Family and Finances

Why is money such a big deal? So much so that it has the power to completely rip apart a marriage or make siblings an life long friends hate each other.
In fact, most American's who got a divorce said blamed financial reasons.
But it is true, we do need money for necessary resources or rather a bridge to those resources such as shelter, food, a car, education, etc.
Perhaps that why that's part of the problem is how much importance we place on coins and slips of paper, that we forget things that can't be bought.

Debt is often spawned from poor financial decisions, sudden events (medical, etc.), or school.

The first thing to learn is how to budget. Don't go spending money you don't have expecting to pay it off the next month, that creates a habit and it will likely happen again. Try with all your might not to spend recklessly. I'm not saying it's bad to have a little fun and splurge every once in a while. Just plan for it in your budget. Pay yourself in advance instead of using what's left. Use any left over finances and put those into savings for your unforeseen expenses.

As we all know, life happens, and it kicks you back hard from your high points. Things happen and sometimes it costs to fix them.
And it's not always with in your budget to fix putting you further into debt.

To begin repairing the damages, work together. Both of you as a couple should be working with your money so you're both on the same page. Talk and compromise until you both recognize and are okay with where and how you money is being spent. It sounds like a small thing, and a big undertaking but it will put both your minds at ease. You'll come to understand each other more. Don't just assume you know or that the other will take care of it. Assumption isn't a safe bet.

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