In our land of great wealth, many couples break up over financial troubles. Then, they do it again with someone else. Most just can’t learn what it takes to avoid financial instability and payday rape by creditors.
Some people avoid spending except when necessary. They rely on will power. They don’t succumb to impulses. They suppress whatever need they may have for immediate gratification. They build their lifestyle around necessities with few luxuries. Shopping has no allure. They value functionality over fashion, essentials over convenience, labor- and time-intensive over labor- and time-savers. The rest of us are different.
Here are some principles, beliefs, attitudes, convictions, and lessons that can help newlyweds step off on the right foot.
♂$♀ There will be never enough money until you have so much that ‘enough’ is never thought of.
♂$♀ Control of money will always be more important than amount available.
♂$♀ Control requires a decision process. We call it the pain that heals, or simply ‘budgeting’.
♂$♀ The budgeting process keeps a couple focused on improving their lives. With the force of self-imposed rules, it pushes them to do in the present, what they need for their future.
The list continues in forthcoming posts.
[More about newlyweds appears at posts 247, 242, 230 and 224. Scroll down or search by number with dot and space following it.]