I know I now its one of those sticky subjects but its one of the biggest contention points in a marriage, so it need to be talked about.
I honestly don’t think there is a one size fits all solution here. Budgets work for some people and others it just makes things worse. Overall I think every family should have some sort of agreed upon plan. You need to talk about what your goals are for the future and for the present.
Maybe its as simple as, as long as we put $xxx.xx in savings each month and keep our checking balance above $xxx.xx then we are good. Some need a firm budget. Others use cash envelopes for the ‘extras’ each month. When the cash runs out so do the ‘extras.’
There are lots of ways you can deal with money just make sure you talk about it.
What works for your family?
Make sure to read the comments there are some great ones!