The Dreaded Budget

By

The Dreaded Budget
Couples argue about the budget for one reason: the budget doesn’t work if you don't agree on it

Couples argue about the budget for one reason and one reason only: the budget doesn’t work. You already know your budget doesn’t work. What you don’t know is why.

Challenge: Why your budget doesn’t work
Most couples leave little to no wiggle room in the budget for unexpected expenses. Can you think of a single week of your life where everything went as planned? No. So why would you create a budget that is unable to accommodate real life?

Couples mistake the budget for communication about money. Creating a budget is not the same thing as talking about your money. The budget is useless if you never talk about it.

Fear and guilt get in the way of talking about the budget. You have to talk about your budget, but too many couples end up arguing instead of talking. That leads to a complete breakdown not only in the budget but in your money relationship.

Solution: Making a budget work for you
Treat your budget like a road map, not a rule book. A budget is a tool, a plan for getting you someplace. Having a budget isn’t the goal. Sticking to the budget isn’t even the goal. Using the budget to help you achieve financial freedom and have the financial future you’ve dreamed of is the goal. So make sure your budget can flex with your life. Make sure it—and you--won’t fall apart with one car repair or broken washing machine.

Create the budget together, talk about the budget together. The key word in that sentence? Together. Both partners have to have buy-in on the budget or it simply won’t work. And buy-in only comes through honest conversations about plans, dreams, values, and behaviors. When it comes to making a budget work, there can’t be a “money person.” You have to determine financial goals together, create a budget together, review your income and spending together, and make adjustments together.

Grace takes the stress out of budgets. Every budget gets broken now and then. So expect it. Prepare for it. And when it happens, move on. Scolding and accusations won’t repair your budget but they will definitely damage your relationship. So extend some grace and understanding to each other.

Reclaim those dreams you had as a new couple and reach them together.

Make your money relationship stronger and healthier with simple tips from our NEW BOOK

 


 

This article was originally published at . Reprinted with permission from the author.
Article contributed by
Advanced Member

Scott And Bethany Palmer The Money Couple

YourTango Expert Partner

The Money Couple, Scott & Bethany Palmer are authors, regulars on national TV, radio and speak internationally about “Love and Money”. With 40 years of combined financial planning experience they launched The Money Couple and have dedicated their lives to helping couples bring their love and money together. Scott and Bethany enjoy an active lifestyle living in Colorado with their two young sons, Cole and Cade.

Take our FREE Money Personality Quiz

Check for Financial Infidelity with our FREE Money Relationship Index

Sign up to receive the FREE Money Couple Minute!  click here

See our NEW BOOK, The 5 Money Personalities™: Speaking the Same Love and Money Language

Location: Colorado Springs, CO
Credentials: Other
Other Articles/News by Scott and Bethany Palmer The Money Couple:

I Love To Spend Money. So Why Do I Hate Myself When I Do?

By

If you love to spend money, but hate yourself when you do, you are not crazy. Many of us love to shop, buy gifts or conquer a great sale. But afterwards we feel that gnawing in our stomach. That doubt. That guilt. We often get questions from readers about this feeling. For instance, Brooke, a participant at one of our events, told us this story:  I ... Read more

Getting An F In Marriage? 3 Assignments To Help You Pass

By

School may be over for most kids, but for some parents in Oklahoma, it's only beginning. Oklahoma lawmakers signed a bill this month requiring divorcing couples with children under the age of 18 to complete a mandatory educational program. We guess parents are not going to be thrilled about this forced enlightenment and yet compatibility with your ... Read more

Forget Sexual Compatibility – Are You Financially Compatible?

By

In a recent survey, 1,000 single adults ranked financial responsibility higher than physical attractiveness when considering a mate. In fact, women ranked financial responsibility in a long-term partner to be equally essential as sexual compatibility. So how do you find a financially responsible companion? 1. Look For A Willingness To Discuss Money ... Read more

See More

GET MORE ARTICLES LIKE THIS IN YOUR INBOX!

Sign up for our daily email and get the stories everyone is talking about.

Ask The Experts

Have a dating or relationship question?
Visit Ask YourTango and let our experts and community answer.

FROM AROUND THE WEB