In this week's episode Matt Robison and I delve into the realm of finances within marriage and present seven rules that can help couples achieve financial harmony. Whether you're young and just starting out or have been together for a while, implementing these rules can save you from countless disagreements and stress. Here’s our advice:

1. Start young: One of the keys to financial success in marriage is starting early. By setting parameters and discussing financial goals from the beginning, couples can prevent misunderstandings and conflicts down the road. However, it's never too late to start. Remember, the only better time to start than yesterday is today.

2. Work as a team on the budget: A budget is not a restrictive tool; instead, it offers couples more freedom. Without a budget, every dollar spent becomes a potential source of conflict. By working together as a team and creating a budget, couples can align their values and priorities, ensuring financial decisions are made collectively.

3. Budget buy-in: Creating a budget empowers you to spend your money wisely. It allows you to allocate funds towards your joint goals, such as retirement, education, or a dream vacation, while also providing the flexibility to spend on individual wants. By defining spending limits and priorities, couples can enjoy the freedom of managing their finances effectively.

4. Always pay yourself first: To ensure your long-term financial security, it's important to prioritize saving. Set up automatic transfers that allocate a portion of your income towards joint goals, such as retirement or an emergency fund, before any other expenses. By making saving a priority, you invest in your shared future and protect yourselves from financial uncertainties.

5. Pick a number: Mutual agreement on spending limits can prevent impulsive purchases and financial conflicts. Agree upon a threshold, such as a maximum spending amount, beyond which you consult each other before making a purchase. This approach fosters trust, respect, and shared responsibility for financial decisions.

6. Separate needs from wants: By evaluating the true impact of a purchase on long-term happiness, couples can avoid impulsive buying and focus on what truly matters. Consider whether a purchase will bring joy not just in the short term, but also in the months and years ahead.

7. Enjoy a frivolous slice: While it's essential to prioritize savings and responsible spending, it's equally important to indulge in life's pleasures. Treat yourselves occasionally and celebrate your achievements. Embrace the philosophy of "Treat yo' self," as coined by Donna and Tom from Parks and Recreation, and savor the joy of something nice once in a while.

Bonus Rule: Do regular check-ins: As a bonus for our listeners, we present an eighth rule for financial marital bliss: regular check-ins. Avoid waiting for financial emergencies to address your financial situation. Instead, schedule periodic discussions to assess your overall financial picture, ensure alignment of goals, evaluate spending habits, and make adjustments as needed. By proactively communicating about finances, you can avoid unnecessary stress and foster a sense of financial security.

Achieving financial harmony in a marriage is a journey that requires open communication, shared goals, and a commitment to responsible financial practices. By following these eight financial rules, couples can navigate the complexities of money management, prevent conflicts, and build a solid foundation for a prosperous future together. Join us for this week's podcast episode and discover how implementing these rules can enhance your marital bliss while keeping financial burdens at bay.

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