Family Finances By Orson Scott Card

Exerpts:’

“How a couple handles money can make or mar their marriage.

What does make the difference, then, between couples who can handle finances with ease and those who can’t?

The experience of Latter-day Saint families I interviewed points to several principles of handling money:

1. Communicate! One spouse should never be unsure of what is going on with the finances. All but the most trivial decisions should be made together, combining the wisdom of both husband and wife.

2. Expect only what is reasonable. Money doesn’t come easily, especially early in marriage. Neither husband nor wife should expect to be able to spend as they did when they were single.

3. Budget! Plan ahead and follow the plan as closely as you can. Record where the money went. Unless you know where you really want the money to go, it won’t go there! But be prepared to adjust the budget to meet emergency and unplanned needs.

4. For most purchases, reject debt! The temptation to buy now and pay later must generally be avoided if a couple hopes to be financially secure. Do not borrow to invest in speculative ventures.

5. Remember that your marriage is more important than anything you might own, more important than any problem you might face. Don’t let money be a wedge between you.”

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