Before starting I'd like to give a hit tip to SephardiLady with the following articles that inspired me to become an advocate: Finances, and: Our Finances.
Knowledge is power!
Why is it that I've spoken to countless young women who have no idea what is going on in their finances. They are intelligent, hard working people that are kept in the dark. Some are kept in the dark by choice, others don't want to stir the pot.
The ones that are there by choice, why? Because it stresses them out. I completely understand being stressed by finances. I personally hate paying bills...but that is not an excuse not to know where my family finances are. I do not pay the bills. I hate parting with money especially when its so hard to earn. I do however make a spreadsheet every month and break down where the money is going, what bills were paid and how much and why the credit card was to high or to low. Having the breakdown in front of you, makes you knowledgeable in where you can cut back and save or spend (more on this in further postings). Not knowing where your money is going makes you vulnerable to overspending and maybe even being taken advantage of by the credit card company for over billing you on something or other.
The ones that are kept in the dark because they don't want to stir the pot have serious miscommunication issues in their marriage. Thinking that it is normal to avoid a topic rather than to talk about it because it may anger or worse enrage the spouse is a bad case of being mentally abused. If you don't know where your finances are I hope that you trust your spouse enough to ensure that it's not being gambled, used on drugs, smokes, liquor, prostitutes or many other facets to waste money on especially when given full range from the spouse.
The last point I'd like to make on this for today is the fact that all of the people that say that they aren't involved in family finances because it stresses them out all of them have said they would be in deep trouble if anything would happen to their spouse. They also all said that their spouse would never mess them about. Although I hope that is true and everything will be fine for these people forever. I keep reading these cases where women find out that there husbands got them into huge credit card debt and other sorts of financial issues and left them with it when they filed for divorce. Also, other women were left with nothing when the husbands drained the bank account of all its assets and then filed for a divorce.
What I'm saying is that yes we all hope/pray/wish for the best and not think about the worst but it does not help by being in the dark. Just know what is going on in your own family finance. That is all.
Thoughts?
Tuesday, March 4, 2008
Subscribe to:
Post Comments (Atom)
4 comments:
There are also some good books that can bring a person up to speed quite quickly. In particular, I liked reading books in "For Dummies" series, especially Personal Finance and Investing. You won't become an expert but you'll understand the lingo.
Thanks for the link. :)
Thanks for the link. :)
Can i make a suggestion?
2 links:
1. get this:
http://quicken.intuit.com/small-business-finance/home-business.jhtml?lid=site_banner
2. download this:
http://office.microsoft.com/en-us/templates/TC010233421033.aspx
Quicken does have a Budget feature, but it was a lot easier to use Excel's spreadsheet. Also it has great categories for everyday spending.
Free Alternatives to Quicken:
http://zenhabits.net/2007/05/6-great-free-alternatives-to-quicken-ms-money/
Free Alternative to Excel:
http://www.openoffice.org/
Both work great;
Post a Comment