MARRIAGE & MONEY
Many couples suffer from poor financial communication. Differing expectations about the family budget can be a sore spot in any marriage. Talking about money does not always come naturally, but the following tips can make the process a little easier:
Identify each other’s money personality. Your money personality is the way you naturally tend to handle money. It is not a skill, such as making a budget, or balancing a checkbook, but rather a predisposition toward finances. For example, you might be a spender, saver, risk taker or security seeker. As you identify money personalities, avoid making value judgments. No personality is more desirable than another, and each has its own strengths and weaknesses.
Do a money dump. Lay out all your thoughts and concerns about money. Talk about what each person is bringing to the table as debt, spending habits, future financial goals, and so on.
If one person is ruining your credit score, address the issue. If one of you is frustrated at having to report to the other about each coffee purchase, talk about it.
In short, get it all out.
Have frequent money huddles. You need to talk regularly about your finances. Even if one person is managing the money, both spouses need to give input about budgeting and spending.
It is also wise to set a limit on how much each of you spend without the other’s approval. This keeps you both accountable and reduces surprises on bank statements.
As your financial communication improves, money woes and marital tension can be sent packing, creating a more blissful home.
Article brought to you by: www.themoneycouple.com
Upcoming Events:
"Dave Ramsey" Money Management Class
Benefits:
The Average Family that completes the course pays off $5,300 in debt and saves $2,700 during the 12-week period. Financial stress is reduced, providing a greater sense of peace in the home, workplace and community.
Next class:
September 12th-December 5th
Mondays
6pm-8pm
All Classes Located at:
Worksource
309 E. 5th Avenue
Moses Lake, WA 98837
Congrats to the first 'Dave Ramsey' Money Management Class
with Instructor Carolyn Grant
Benefits:
The Average Family that completes the course pays off $5,300 in debt and saves $2,700 during the 12-week period. Financial stress is reduced, providing a greater sense of peace in the home, workplace and community.
Next class:
September 12th-December 5th
Mondays
6pm-8pm
All Classes Located at:
Worksource
309 E. 5th Avenue
Moses Lake, WA 98837
Congrats to the first 'Dave Ramsey' Money Management Class
with Instructor Carolyn Grant
BEGIN YOUR JOURNEY TODAY!
Money Management & Credit Coaching
Money Management & Credit Coaching
Money and credit don't have to be scary. Counseling can help you set goals and establish a personal plan for your money, as well as provide guidance in cleaning up your credit.
Do you know your credit score??
Your credit is used by lenders, credit card companies, insurers, landlords, and employers.
Make an appointment today to receive a credit report and score.
Call and make an appointment with Carolyn!
You'll receive...
Make The Prosperity Center your first stepping stone to financial prosperity!
Money Management Classes
Is your money spent before it's even been earned?
Most people can benefit from knowledge about their finances. We offer classes on banking, credit, budgeting, saving, and even how to plan for a major purchase.
The Money Management Classes help with:
Goal Setting · Credit Basics · Budgeting · Credit Cards
Contact Carolyn Grant at
(509)766-4152
Tips for Prevention of Identity Theft & Privacy
Do you believe your identity has been stolen?
• Place a Fraud Alert on your credit reports. Fraud alerts notify the credit reporting agencies to contact you when an application for new credit is submitted in your name.
• Send a copy of the police report to the three credit reporting companies listed. Once these credit reporting companies receive the police report and a request from you, they are required to block any adverse information resulting from the identity theft from your credit report.
Major Credit Reporting Companies
Equifax
P.O. Box 740241, Atlanta, GA 30374
1-800-685-1111 (Order Credit Report)
1-800-525-6285 (Report Fraud)
Experian
P.O. Box 2104, Allen, TX 75013
1-888-397-3742 (Order Credit Report)
1-888-397-3742 (Report Fraud)
Trans Union
P.O. Box 1000, Chester, PA 19022
1-800-888-4213 (Order Credit Report)
1-800-680-7289 (Report Fraud)
Report the identity theft to your financial institution and other creditors.
• They may advise you to close your accounts and start over with new ones.
• Ask your financial institution what procedures they require of victims whose credit cards or checks have been stolen or forged.
For more information about debt collection, please see the Attorney General’s web site at http://www.atg.wa.gov or call the AG’s consumer line at 1-800-551-4636
