Showing posts with label financial meetings. Show all posts
Showing posts with label financial meetings. Show all posts

Sunday, December 11, 2011

Financial Meetings with Your Spouse--Do You Have Them?

Lots of financial 'gurus' encourage weekly financial meetings with your spouse/partner/significant other.  I can see how it would be helpful for both sides to have an updated, complete picture of the family finance.  That way you can make sure you're on the same page regarding your short and long term goals (hopefully you have some in common), your progress towards those goals, any possible changes (budget, insurance, investments), and upcoming expenses (car repairs, tuition payments, gifts to buy, etc.).  Then you can go about your week making more informed spending decisions, which moves you  more rapidly towards your goals.  For example, if you know that your husband is in need of a new shoes, you may think twice before buying that purse, or adjust the budget for the month to allow for extra spending in certain areas.