So remember when we talked about budgeting a couple of months ago? I shared why I started budgeting and how I got out of debt and today I'm sharing all about budgeting as a married couple. I'd love to say that budgeting is simply a THRILLING topic to talk about in your marriage but you all would know that I'd be straight up LYING. It can be fun at times, but at other times it can be just dreadful...because no one wants to be the one crushing the dreams and talking about money (or lack of) all the time. Money is a funny thing that can be used to make people distracted/angry/greedy/etc or it can be something that is used to glorify God. We try to make it the latter.
As I wrote before, it is very important to me to be accountable to every dollar I make. This was very easy for me as a single person with one debit card BUT add another person and another debit card and this can get a little bit tricky. This is where something like MINT sets you up for a win.
Before we got married, we sat down on mint and created a budget that we thought would work for us. With mint, you connect all your accounts and credit cards and then all your transactions start appearing. You can then organize those onto different budgets. Mint shows you where all your money is going.
I'd love to say every month, we're under or on budget but nope we're still learning. Some weeks I'm so busy I barely go on Mint and then all of a sudden I check and I'm all like OH MY GOSH WE HAVE $20 IN THE GROCERY BUDGET TO LAST US UNTIL THE END OF THE MONTH. Food is the #1 budget we go over in...ha.
We're not experts but here's the advice I have for you on budgeting as a married couple.
1. SET YOUR BUDGET ACCORDING TO YOUR PRIORITIES/GOALS
It's good to get on the same page as a married couple on where you want to spend your money. Is saving up for a house a priority? Do you tithe? And how much? (Ps. I'll be talking about tithing next week!) For us, tithing is a HUGE priority so we make sure it's clearly in our budget. Do you have a clothing allowance? Set the budget and be willing to compromise.
2. LIVE WITHIN YOUR MEANS
Be wise. Budgeting is all about living with in (and under) your means. But as a married couple sometimes you can get carried away with things (travelling, new cars, buying expensive clothes, house renovations). For us it's real hard to not dive into renos...our bathroom doesn't even have baseboards BUT we know right now we're not financially set up for that so we make do with what we have.
3. DON'T LET MONEY COME BETWEEN YOU
It's real easy to fight about money. Those fights are never worth it. Money comes and goes. Your relationship happiness should not depend on what is in the bank. Stressed about money? Make a plan, set a budget and stick to it. Determine to not let money come between your relationship.
I'd love to hear your tips for budgeting as a married couple! Please share them in the comments :)