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Nobody gets married thinking that the marriage will end badly (I suppose some of them will imagine it), and that is where you have to remember that every sad divorce begins with a happy marriage. To divorce, you only need to be married.

 

Let’s find out what your philosophy is with respect to money

Before there is a conversation about joint bank accounts and place for the honeymoon, we must find out what philosophy that person has with respect to money. Discussing your personal financial philosophy can be a pleasant experience for both you and your partner, as it will help you to know each other.

 

  1. Financial priorities of our partner

It is curious that the majority of marriages, instead of improving their joint finances by having 2 salaries, what they do is to borrow much more and worsen the economy. Ask him what his priorities and financial concerns are. Do you want to save for when our children are older ?, Do you want to save for our retirement ?, Do you want to save to buy a luxurious car with which you have been dreaming for 5 years or for that luxurious house that comes in the decoration magazines ?.

Imagine for a moment that you do not talk about this topic before you get married, and when you have saved a small fortune, your partner says he wants to fulfill his dream and spend it on “whatever”. And that does not seem like a good idea to you, so it’s better to treat it from the beginning.

 

  1. Goals in life.

Imagine that the goal in your wife’s life is to be an excellent housewife and caretaker of her children. His (very respectable) idea is not to work and prosper at work. Her dream is to be a mother. That thought has absolutely nothing wrong. The issue would be if that thought, as a man, enters into your plans and you are able to generate income to support the family.

On the other side we would have a very common cause of “worsening marital”, and that is that a woman marries a very ambitious man, CEO of a company. After 5 years of marriage, the company goes bankrupt and the man must work as a waiter, sweeper, clerk … And the typical words sound like: “I did not marry a waiter”. Try to find out if they marry for you or your profession, because life goes around a lot.

 

  1. Listen to the signals.

“People tell us what they are like, but we ignore it because we want it to be the way we would like it to be” (Mad Men)

A person really tells you if it is superficial or material. You just have to listen to it and observe it carefully. In the case that person is superficial and you are beautiful, there is no problem. The real problem is that this person is very material and you are poor, pretending to be wealthy so that it does not escape you. This situation happens very often.

 

  1. Debts.

Couples must be completely transparent about their financial situation. If you have loans or previous credits, maintenance of children of other couples, we must say it. Make sure your partner knows your financial situation (especially if it is bad).

Many people do not do it for fear that the other person will reject them. We must bear in mind that we are going to marry a person that encompasses a series of circumstances. We are going to marry that person and their circumstances. “Love me or reject me now.”

 

  1. Prenuptial agreement, separation of goods (or similar according to the country)

It is not usually fun to talk about separation of property to the love of your life, but that separation of assets will only serve to protect your assets before marriage in case of divorce.

However, it is foolish to expose the separation of assets when there are no really important assets, but if there is too much difference between the assets of both spouses, the separation of property should be mandatory, and more if there are children from previous relationships.

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About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file, critical financial documents and back office tools in an efficient and secure environment. Complete Controller’s team of US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. With flat rate service plans, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.
happy families budget - Complete Controller

Budgeting is an important aspect of the smooth running of any business which works simultaneously with that of bookkeeping. Bookkeeping is the art of the record-keeping of transactions to sustain the operations of any business. Have you ever heard of a happy family? Do you know what a happy family looks like? Can you note key factors for the making of this family? This article focuses on exploring these questions.  Such families talk about effective techniques that lead to the prosperity of their members, and budgeting comes out to be the first used tactic by members of a household by earning hands who tend to strive hard for the betterment of their families. The following are the benefits of an efficient budget which helps out a family in becoming a happy family admired by others: Check out America's Best Bookkeepers

  • Budget reveals junk in expenditures:

The incorrect use of money is revealed in a complete analysis of expenses. This analysis advises you to refrain from using money in areas in which you do not need it or are not worth spending a significant amount on. In case of identification of incorrect expenses, one can go for taking out money from the places where it should not be invested, which then can be reinvested into places that can produce better profits.

  • Identifies the priorities of each individual of a family: Check out America's Best Bookkeepers

Every person has his or her desires as well as needs, which tends to motivate them to strive hard to achieve their goals, and this illustrates the differences in their thoughts and desires.  These differences might cause conflicts among the individuals of a family, which can be resolved through smart techniques like budgeting.  Budgeting allows you to allot optimal resources as well as funds for all activities which take place in a household. Budgeting reduces conflicts and stress among all family members as it ensures the correct use of money through optimal allocation as well as appropriate tracking.

  • Financial Goals are accelerated through appropriate budgeting which allows the growth of a happy family: Check out America's Best Bookkeepers

People tend to focus upon the key concepts which drive families to achieve happiness as well as prosperity in their lives.  Finance is known to be the regulatory tool of a family that seeks to provide all members of a family with the fulfillment of their needs and desires. When a family comes across their savings, they are more likely to reinvest their money in appropriate places where they can earn greater profits for the welfare of both their present and their future.

  • Final Note

Budgeting helps a family to achieve happiness and to lead their lives in prosperity rather than stress and debt. Budgeting is a key factor that influences the minds of a family so that they can achieve the state of contentment by achieving financial freedom and reaching economic goals.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers