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Diotrephes · 70-79, M
It depends if you are single or married.
If you are single, most married arguments revolve around money issues. One person might be a spender and the other one a saver. The woman might regard her money as her own and not be willing to put it into the common pot.
If you are married and have joint accounts the other person can loot the bank prior to getting a divorce and leave the spouse without any money.
But if you want to manage your money wisely, set aside a pot for emergencies before anything else. A year's net income would be a good start. Don't spend any of that for ordinary expenses. You could put it in a bank's safety deposit box in cash.
Then you can start your regular savings program by putting away 20% of you net income each pay period. You can use that for regular expenses outside of your budget. And have a set budget that shows forecasts for such things as quarterly or semi-annual insurance payments and property taxes.
Have one credit card with the highest credit limit possible and another one for routine expenses that you can pay off in full each month.
And, if you are single, be sure to discuss in detail with your future spouse how you will manage your joint income and who will write the checks from your joint checking account and watch the budget.
If you are single, most married arguments revolve around money issues. One person might be a spender and the other one a saver. The woman might regard her money as her own and not be willing to put it into the common pot.
If you are married and have joint accounts the other person can loot the bank prior to getting a divorce and leave the spouse without any money.
But if you want to manage your money wisely, set aside a pot for emergencies before anything else. A year's net income would be a good start. Don't spend any of that for ordinary expenses. You could put it in a bank's safety deposit box in cash.
Then you can start your regular savings program by putting away 20% of you net income each pay period. You can use that for regular expenses outside of your budget. And have a set budget that shows forecasts for such things as quarterly or semi-annual insurance payments and property taxes.
Have one credit card with the highest credit limit possible and another one for routine expenses that you can pay off in full each month.
And, if you are single, be sure to discuss in detail with your future spouse how you will manage your joint income and who will write the checks from your joint checking account and watch the budget.