Handling Finances Together

Handling Finances Together

I appeal to you, dear brothers and sisters, by the authority of our Lord Jesus Christ, to live in harmony with each other. Let there be no divisions in the church. Rather, be of one mind, united in thought and purpose.

1 Corinthians 1:10

HOW ARE YOU HANDLING your money? Before marriage, you probably simply bought what you wanted. But once two people merge their finances, that pattern can no longer continue. After marriage, there are two people spending money, and if both of you buy what you want, you will likely be in trouble very shortly. You don’t necessarily have to ask each other every time you want to spend a dollar, but you do need a plan to make sure that you don’t overspend.

Obviously, certain amounts must be set aside for the rent or house payment, utilities, gas for the car, groceries, and other bills. Also, I hope you will begin by agreeing on what you will give to God each month. But once the regular payments and gifts are set aside, you will know how much expendable money is available. Then you can decide how much to save and how much to spend. Let me share an idea: Every week, each of you should get a certain amount of money that you can use as you please. (The amount will depend upon how much discretionary money is available.) The rest of the money, you agree to spend together.

The apostle Paul reminds us that we should be “of one mind, united in thought and purpose.” As couples, we need to work toward this goal in all areas of our relationship, including money. Strive toward harmony as you figure out how to spend your money. Working together on your finances can be fun and exceedingly rewarding.

Heavenly Father, I pray for wisdom and a sense of teamwork as we figure out our finances together. May we find enjoyment in the process.

Money