Calling all husbands and wives!
Are you looking for practical ways to successfully manage your family’s finances amid the pandemic?
If you want to pave the road for better money management in the new normal, check out these helpful budgeting tips from motivational speakers and Beyond Small Talk guests Vic and Avelynn Garcia:
1. Practice conjugal spending
Even after tying the knot, a lot of couples still have separate properties, separate spending priorities, and yes – separate bills to pay.
But did you know that this practice does more harm than good in your marriage?
Splitting bills and expenses divide your marriage’s spending power. It might also lead to other financial risks, such as borrowing money from each other when the other one goes broke. Worse, what if you both go broke?
To foster financial security and trust, Vic and Avelynn suggest that couples must learn how to practice combining all their resources and spending them in a way that is agreed on by both sides.
“Because they have separate money, they tend to buy whatever they want without having to tell their spouse. When you are already married, the husband’s income also belongs to his wife, and the wife’s income also belongs to her husband. That’s why we are encouraging you to combine your money and practice conjugal spending,” says Vic.
2. Practice triangle spending
Before you spend your hard-earned money, don’t just ask your spouse how you can spend wisely – ask God, too.
Your attitude toward money says a lot about how you value your marriage. Most importantly, it also reflects how you value God and the resources that He entrusts to your household.
It’s never too late to include God in the equation.
Pray that He guides you and your spouse in handling your family’s budget. For Him to give you the strength to follow His plan for your finances. Live in the faith that your family can withstand any crisis – all with the help of your generous Heavenly Father.
“A person standing alone can be attacked and defeated, but two can stand back-to-back and conquer. Three are even better, for a triple-braided cord is not easily broken.” (Ecclesiastes 4:12 NLT)
Are you experiencing financial struggles in your marriage right now?
We have more financial tips for you!