FAMILY FINANCES 2

Last time I tired to look at the reason why many women view monies collected from them by their husbands to solve family issues as loans rather than their own contributions to the upkeep of the home.

In some cases such issue have led to serious quarrels and you hear men complaining that when the woman asks for money, the man does not see it as a loan but an obligation being fulfilled. I am yet to know any man (except he is a Gigolo) who does not fell proud to e able to meet the needs of his wife.

In other to solve this problem, I will strongly recommend that couples run a joint account where both of them will be signatories to the account to handle such emergencies. The man may decide to set aside say 10% of his monthly income which will be paid into the joint account. The woman on her own may decide to contribute say 5% of her own income.

Whatever monies is deposited in the joint account will be controlled by both of them as no one can withdraw from the account without the consent of the other.

Another suggestion is that families should try as much as possible to operate a monthly budget. Sit down with your spouse and outline how much the family will be spending on a monthly basis. This is especially important in a month like December when the family expenses is likely to rise without any corresponding rise in income.

Budgeting has many advantages including helping to curb impulse buying and keeping your spending on essentials only.

The Lord bless and keep your home.

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PROBLEMS OF MARRIAGE 9

Finally on Money

Once you have a stable finance, I tell you, it will contribute to you having a stable home. Once you and your wife do not fight over money in the house, what will be left? Just little things, which the two of you can easily resolve!

Do not say to yourself “after my wedding I will settle down and do this or that.” Go for whatever training you need to enhance your value. Marriage never “settles you down”; instead it “settles you up”. Is it when you have to wake up by 2.00 am to attend to a young baby crying that you will settle down? No! Dearest reader, marriage has its own pressures. It has its own peculiar problems.

“Therefore shall a man leave his father and mother and cleave to his wife and they shall become one flesh.”

So many couples are “one flesh” in all other aspects but not in monetary matters!

Joint Account

                           Let me talk about Joint Accounts. My wife and I opted for joint account and we have never regretted it. We have been practicing it for over 30 years now. Did we ever disagree over it? Yes. Did we settle our disagreement by ourselves? Yes. Has that made our marriage stronger? Yes.

If you love your wife, and she knows that you really love her, you can always convince her on anything. But if your wife is always disagreeing with you on so many issues then it is because there is something missing.  You just try and fix that missing thing and you will be surprised at how she will have a change of mind.

                           You could have a joint account and still maintain your personal accounts. What this means is that you would only contribute a certain agreed percentage of your income into your joint account which will be utilized on joint projects. You can adopt any of these measures. However, operating a joint account calls for maturity.

Running a joint account must not take away “pocket money” or personal expenses for both of you. You must allocate certain amount of money to yourself which you are free to spend without having to render any account to your spouse.

Do not spend above your income. Live within your means. Don’t imitate anybody because you don’t know the source of their income. Life is in stages and men are in sizes. Agree on how you will handle money. Agree that money will not separate you. Agree on investment. Agree that money is your servant. Agree that money will not dominate you. Agree to pay your tithe. Agree to be generous to God and the Church.

I see your marriage waxing stronger in Jesus name.

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Femi Imevbore
+2348080929292
femiimevbore@gmail.com
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