Posted by: fathersez | November 26, 2007

My first budget meeting with my wife

My wife and I have been happily married 24 years now.  

Ever since an almost tragic accident happened to our second girl, when she was 3 months old, my wife and I decided that she would be a full time mother and home manager, whilst I brought home the bacon, so to speak.  

It was accepted that I’ll be the general and she the major. So she made all the major decisions, while I made the general decisions. 

Though we never make any significant purchases without consulting each other, (now we consult our two elder girls, too), my wife and I have never sat down and drawn up a family budget together. 

I took the plunge this year.

I fortified myself with a wealth of advise and ideas from :- 

a)    LazyMan’s “How to have a successful budget meeting with your spouse”, 

b)    Yahoo Finance’s Five-point peace plan to help couples avoid a war over finances, and

c)     Millionaire Mommy Next Door’s “How to make money management a family affair”. 

I am the accountant in the family, so I drew up the monthly list of expenses, expected for 2008, and discussed it with my wife. (I think this is also the first time, my wife has a clear and complete understanding of the expenses of our family).  

We have now agreed that we shall have a have a budget day every month to review actuals against budget. 

I am glad and actually feel a sense of relief that we have done this.  I am looking forward to the day when the family is comfortable with the monthly budget day, and we can then move to Stage 2 – Implementing the Millionaire Mommy’s great ideas to make our family money management a family affair. 

I am sure that many couples do not have family budgets. Perhaps because of earlier experiences or disagreements on spending etc. After women and men do not think alike, do they? 

I ask you persevere. I am sure only good can come out of this joint facing of the major issue of family expenses.   

Advertisements

Responses

  1. Thanks for the mention of my post and congratulations on establishing a budget!

  2. I should thank you for setting me on the right path.

    Your blog is refreshing and I look forward to reading all your posts every week.

    Thanks again.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: