Wed, 2 September 2020
If tracking your money is so important, what are the key numbers couples need to know? We’ll get into the three to keep an eye on, and the real deal about credit scores!
Why Tracking Your Money is Key to Mastering It
You hear these stories of couples who got out of debt, became financially independent, travel the world, started a business..basically enjoying life.
They all have different paths they take to get there – debt snowball, avalanche to become debt free.
They’re saving 20, 30, or even half their income. Maybe they’re going all in with FIRE with their dual income and are investing 70% of their income.
One of the things I love about personal finance when hearing from others is how varied it can be. Each couple has their own advantages and struggles on their journey.
However, having written about personal finances and interviewed others for the podcast I do notice that there are certain crucial things they did to create a system that worked for them.
I wrote about it in detail in my book Jumpstart your Marriage and Your Money, but I want to hone in on one component today – they became aware of their money.
And how they did it was by tracking it.
Once they had that down, they began shifting it towards what mattered most to them.
Money stopped being a source of stress and instead became a tool they could use together.
The best part is that you don’t have to track a ton of numbers or worry about every penny. It can be something you check in on once a month.
In this episode, we’ll get into:
Let’s get started!
Resources to Easily Stay on Top of Your Money
Here are some resources we mentioned in the episode as well as some other handy articles to check out:
Thank You to Our Sponsor Coastal!
Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!
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Direct download: S10E18_Three_Key_Numbers_for_Mastering_Your_Money.mp3
Category:personal finance -- posted at: 7:54pm EDT