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Inter-RACE Relationship Coach and Mentor

Coach and Mentor for Relationships and Life

Debt Free Living Matters

Debt seems to be the American way.  Like hamburgers, hot dogs and apple pie it has become part of our culture.  Unfortunately, like the foods mentioned above, too much debt can wreck havoc on relationships.  Couples should talk about money and debt regularly openly and honestly.  Bottom line, in marriage there has to open communication, unity and honesty regarding money and the way it is spent.   Otherwise, relationships can be in serious trouble.  It does not matter the length of the relationship it is never too late to put money systems and routines in place.   

The goal as a couple is to earn money, save, eliminate debt and invest to create wealth.  Every couple should have guidelines to reduce arguments, mistrust, confusion, frustration, and worry with money.  A unified strategic plan is needed to stay clear of debt and credit problems.  To better manage money, keep reading. I will share basic tips to help couples toward financial freedom.

Know what you make.
I am absolutely amazed when I coach couples, and I discover one partner does not know how much money the other one makes.  Unless a spouse has serious problems; bring your income together to get ahead financially.  Use one joint checking account to manage your household, and evaluate your incoming and outgoing expenses weekly together.

Have a spending plan.
With a budget, the purpose is to identify exactly how much money comes in and out each month. You should have in your plan all the categories money is spent each day, week, month, quarter, and year.  For example, anniversary gifts, dining out, insurance, entertainment, and hair care.  A "spending plan" needs to reflect all spending habits over a twelve month period, broken down on a monthly basis.

Think before you spend.
Practice the 24-hour rule. When you want to purchase an item, wait 24-hours to make sure you still really crave the item and need it.  If after 24-hours, you determine you still need the item -- go get it with cash.

Start an emergency fund.
Set aside money monthly for the unexpected by having an emergency fund. The goal is to save three to six months of your monthly wages in case of emergencies.   Start by saving $100 each month.   At the end of 12-months you will have $1,200.  When raises and bonuses are received put those towards savings.

Keep good credit.
The better your credit rating, the more money you save in every area of your life.  Pay attention to your credit rating. Make it a rule and practice to pay your bills on time to avoid late fees, higher interest, and bad credit marks.


Before my husband and I married we talked extensively and in-depth about our vision, goals and spending habits.  We also talked about our goal to get married, and that purchasing a house was more important than a wedding.   We went to the justice of the peace and purchased our first home eight months after getting married.  With a strategic financial plan and implementing that plan, we paid off our first home in less than five years of owning it.   After 25 years of marriage, owning five homes and now not having a mortgage on our current home, we feel free.   Throughout our married life we usually had a financial plan.  Many times the plan didn't work out exactly like we planned.   However, we always tried to stay  focused.   If we failed at something we got back up, continued and became more determined and focused to reach our goals.

Here is the bottom line, too much debt can destroy the best of relationships.  Talk, plan, and prepare together how you will build a solid financial future together.  Money management matters in relationships, so make sure your money counts.  

If you are ready to change your financial future and are serious about reaching your financial goals, call:  770-966-5236

Peace Comes...

When you talk, understand and plan your financial future together.