Couples Budget: An Equitable Approach

All you need is balance

Perhaps a happy money relationship isn’t about being equal, just equitable! 

My wife and I long ago decided to split our expenses 50/50, right down the middle for things like rent, food, electricity, etc.

We maintained our finances separately and any money left over to spend after the 50% split was discretionary.

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How to Build a Better Budget in 3-steps

A budget is your financial compass!

How do you decide who to pay after you get paid? 

Some may say: “Well, I have a budget.”

Sure, a budget may be the obvious answer.

Before that, though, what was your thought process leading up to creating your budget?

If you don’t have a budget, the same question still applies: How do you decide who gets your hard earned income and why?

Whether you have a formal process or a simple flexible mental exercise (aka no process), the only right answer is the process that works for you.

Just the thought of doing a budget can seem tedious. The goal is try different methods until you find one that sticks, and eventually make your own.

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Take Control of Your Personal Finances

Truly a powerful tool!
Truly a powerful tool!

The first desktop computer I bought myself was a Sony Vaio. It came in this really hideous color with a large CRT monitor and tower.

It ran Windows ’98.  Like all store bought computers, it had its fair share of bloatware—which is pre-installed software you don’t ask for.

One software in particular that I took the time to figure out, though, made my financial life so much easier: Quicken–a personal finance and budgeting software.

That was years ago and I still use Quicken to track my finances to this very day.  I use it to keep track of income, expenses, investments, payments, net-worth, and budgets. I also use it to reconcile my bank and credit card statements every month. Read more