Being on the same page with money is so critical! The number one cause of divorce in America is money fights. We all have different needs, opinions and habits with money. This can make it quite difficult on a couple to manage their money together after marriage. My husband is a spender (or “liver”I like to say) and I am the saver. When we first got married, he was constantly spending all the money and I was constantly being uptight on what we could spend it on. We started a budget and that helped a lot!
It wasn’t until we read the Total Money Makeover by Dave Ramsey that we actually found money peace. We finally had a plan beyond the budget. We had a lot of debt, but not the credit card kind. Both of us had student loans, car payments and we shared a rental property. Within a year we have almost completely become debt free with a solid emergency fund behind us and could begin a real savings account. I didn’t believe it was possible. I thought it would take us years to be debt free. At least 15 more years of minimum payments to pay it off. But it was so simple. It took commitment and discipline. We didn’t stop living as best we could have, but we were still able to reach our goals.
Don’t let your marriage struggle because of money. Here’s a short summary of the best financial plan you can imagine:
Live like no one else so later you can live like no one else. –Dave Ramsey
The Total Money Makeover Plan
- save $1000 in starter emergency fund
- Pay off debt with debt snowball
- 3-6 months of expenses in savings
- Invest 15% of your income for retirement
- College funding
- Pay off your home early
- Build wealth and give
Kylee Ann Maughan is a family and international brand photographer based in small-town Northern Utah. She has been a business owner for 13.5 years, and also runs a successful and award-winning associate team. Kylee hosts semi-annual retreats, speaks at conferences and teaches online courses about running a small business and marketing. Her niche in coaching is helping moms turn their passion into profit, while being the mom they dream of.
September 12, 2017
Kylee Maughan
