Signs of Financial Madness
by Larry Burckett
You might be surprised to learn how many couples experience financial madness. A wife hides $12,000 of credit card dept from her husband who, thinking they are saving money, plans to make a significant purchase. A husband does not tell his wife he is facing a pay cut and she makes a major purchase. Review the list below as a measure of how much financial madness is in your family.
You keep separate personal bank accounts so you can each spend your money the way you please.
One of you has credit cards, debt obligations, or investments without the other’s knowledge.
One of you has a collection or hobby that requires significant financial resources and the other is not fully supportive of it.
You make significant purchases without consulting the other.
You make significant purchases even though the other strongly objects.
One of you has no idea of where the monthly income goes.
One of you has no idea of your total debts or assets.
One of you does not earn a paycheck but must ask for permission to spend money from the spouse who does earn a paycheck.
You and your spouse assign certain debts and certain savings to each other.
One of you refuses to be accountable to a budget or a savings plan.
Priorities for moving to financial oneness:
Below is a list of priorities. From my professional and personal experience, I am confident that these will help your relational and financial oneness with your spouse.
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Understand and benefit from
each other’s financial tendencies and strengths. |
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Set your family goals and
your financial goals together. |
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Make a spending plan
together. |
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Understand and communicate
who will be responsible for various financial tasks. |
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Live within your means. |
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Study and adopt the
financial wisdom taught in the Bible. |
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Visit Crown Financial Ministries online. |