Podcast #13- Tricks to Becoming Wise with Finances

Intro- I am a professional magician and a pastor.
I am working towards my license as a Marriage and Family Therapist.

K- when it comes to money, have to be on the same page- otherwise arguments and frustrations.
-we have had our ups and downs for sure
-we started with $1000, used credit cards, etc,
-2008 recession caused all of our “cards to fall.”

K- spenders vs savers
-dreamer vs dream crusher
-couples fight about money cause of childhood experiences, or maybe keeping up with their neighbors

D- key to winning is communicating, compromising, and holding each other accountable (as partners, not parenting each other).
-best decision= Dave Ramsey envelope system and setting up automatic withdrawal to our savings accounts & tithe

K- I love the “fun money envelope” and the emergency envelope

D- new mindset- cause debt is a constant weight, we become slaves to our bills
-we changed mindset with 3 things…
Become debt free
Choose to become generous (God pocket)
Start your new system now. Don’t wait.

K- Budgeting is not a curse word.
-goal isn’t to constrict you, but to free you
-because our income is erratic, we budget weekly
-check out DaveRamsey.com for more help with budgeting

D- automate everything!
-auto savings for vacations, Christmas, cars, education, emergencies

Challenge- make a plan together! How can you both be better at taking control of your finances?
-It can be scary to rely on your spouse to take care of the money, so be a trustworthy spouse.
-If you are not good at keeping track of money, get good at it! It is more than just numbers- you are giving your spouse and your family the security they need.

Don’t let money be the source of conflict in your marriage!

Closing- see you next time!