Making Financial Decisions in Our Marriage

By 1:39 PM , ,

Making financial decisions can be tough. Do you go on that killer vacation you have been dreaming of or do you complete that much needed bathroom renovation? How about the big questions such as can we afford to have a baby or what would happen if one of us lost our jobs? Questions such as these are questions that every couple must face at one point or another in their marriage.


I by no means want to imply that we have it all figured out because we do not...however, we have learned that planning ahead and making a list of priorities can help soften your financial implications and can help put a positive spin on the confidence and control you feel about your money.

In our marriage we set up goals. I'm talking weekly, monthly, yearly, 3 year, 5 year, and even 10 year goals. We frequently bring back up the list to discuss and make sure a) we are still on the same page as far as what our goals are b) we are doing what we can to save to be able to accomplish the goal by the time it gets here.

For example when we first got married our goals were:
weekly: be able to pay our rent and determine what kind of budget we needed to have to live life the way we wanted to be able to live, tithe at least 10%, etc.
monthly: be able to afford to go out on dates with each other
one year goal: start looking at the option of purchasing a house
five year goal: start thinking about having a baby

With these goals in mind we had to make sacrifices and decisions to ensure we would be able to accomplish the stated goals. Yes, maybe it meant turning down a weekend getaway with friends in order to have a little more money to put in savings towards a down payment on a future home but those decisions were much easier to make having the goal in mind.

Now three years into our marriage we feel confident that setting these goals has helped to allow us to already meet many of our goals such as purchasing our first home, purchasing a new vehicle, painting the exterior of our home, completing a backyard renovation project, and having a baby. Setting goals really helps us stick to a budget, save, yet still enjoy and do the things we want to do. That does not mean we don't make sacrifices but when when we make those sacrifices we realize it is because we are working towards our future goals such as a going over seas on a 5th year anniversary trip together!

If you need help on setting goals and creating a budget their our many organizations who are willing to help you do so! SunTrust's purpose is lighting the way to financial well-being. They want you and your community to have the resources, tips, and tools you need to feel confident and in control of your finances. Having some financial breathing room gives you that confidence and control so you can save for your goals & splurge knowingly on what matters most to you. To get started visit suntrust.com/getorganized.
This is a sponsored conversation written by me on behalf of SunTrust Bank. The opinions and text are all mine.

At SunTrust Bank their purpose is lighting the way to financial well being. They help you get organized, make a plan, and stay on track so you can get and stay in control of your finances. When you are confident about about your money, you can save for your goals and splurge knowingly on waht matters most to you.

To get started visit suntrust.com/getorganized

This is a sponsored conversation written by me on behalf of SunTrust Bank. The opinions and text are all mine.


You Might Also Like

0 comments