June 16

Handling Finances Together

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How are you handling your money?


Money in marriage matters. But how you handle your money in marriage matters most.

Siguro noong single ka pa lang nabili mo agad ang gusto mo, ngunit ngayong may asawa ka na di mo na puedeng gawin yon, right?

After marriage, may dalawang tao na magspend ng iyong pera, at pag kayong dalawa ang may gustong bilhin ano man ang gusto nyo you will likely to be in trouble.

Now eto ang mga tips ko kung papano ninyo puede imanage ang pera ninyo mag-asawa. 

Tip #1: Know the hierarchy of your priorities.

Mas maganda itong gawin sa umpisa pa lamang ng iyong pagsasama. 

Ang general advice is God, Marriage, Family, Work and Friends. 

Kaya ang nangyari sa case namin we begin by agreeing on how much we will give to God each month through our tithes in the church and community where we are spiritually nourished. Tithing is our way of saying thank you to the BLESSER.

Then nilista namin ang fixed expenses like food, rentals o mortgage payment ng bahay and other utilities, school expenses ng mga bata, etc.

We also determine how much we can afford to save and invest. We agreed na kahit konti lang we really have to develop the culture of saving and investing.

Minsan, may mga kapamilya na kailangan tulungan so how much can we afford to lend or should it be given as an aid are also discussed.

Last priority sa amin ang mga extra expenses na nangyayari at work and with friends.

What works on us may not work on you so keep on discovering strategies na nagwowork sa inyong mag-asawa and which lessens troubles and money arguments.

Tip #2: Determine what money approach you should use.

Will it be separate, combined or shared finances?

Separate kung baga kanya kanyang bayad. The underlying reason ng isang kabiyak na gusto nito is to maintain his/her financial independence. Kaya nga lang dahil separate minsan ang isa ay magkaroon ng chance of committing money infidelities like di na nagsasabi sa kanyang mga utang o purchases that might harm the marriage.

Combined finances means yong kita ninyong dalawa ay pagsasamahin nyo and let one partner handle it. The downside of this approach if the spouse who handles the finances  gets sick or dies ahead the surviving spouse may have difficulty adjusting. 

Shared finances on the other hand combines a portion of your funds for fixed expenses and allocation like investments but you also have individual fun funds na magagamit ng bawat isa if one partner buys something he or she wants, of course the amount will depend upon how much discretionary money is available.

Being a marriage mentor for quite a time now a lot of couple arguments are triggered by money issues.

Couples when asked what money approach they prefer or use they usually have opposing choices.

Thus, it is best to choose a money approach na agreeable sa inyong dalawa.

Tip #3 Know and understand your individual money personality o tinatawag nating PESO DNA.

Bawat isa sa atin ay merong money personality. 

Imagine yourself noong bata ka pa at may nagbigay sa iyo ng candy. Ano ang usual na ginagawa mo pagkatanggap mo sa candy?

Ang iba kasi sa atin itatago sa bag o kahon ang candy. (Just like the saver)

Ang iba ipamigay sa kapwa bata. (the giver)

Yong iba naman ipagpalit sa ibang bata na walang kondisyon. (the trader)

While yong iba ipagpalit nga ngunit kailangan alam niya ano ang kapalit na ibibigay sa kanya. (the security finder)

Meron ding iba basta na lang iniwanan ang candy. (the flyer na walang pakelam)

Saan ka ba sa limang ito? What about your spouse? Walang mali o tama sa personality na ito kaya lang dapat magkaalaman kayo para magkaintindihan naman kayo. 

Halimbawa, bakit kaya bili ng bili ng bagong bag si wifey eh meron namang maraming di pa nagagamit (baka spender si wifey). Bakit naman kaya sobrang matakutin si hubby pag stocks investing ang pinag-uusapan (baka security finder si hubby).

Money arguments come from the fact that we do not know and understand our partner's money personality which affects much on his/her money behavior.

There is a marriage assessment that you can take kung saan parte sa assessment na ito malalaman nyo kung ano ang money personality ninyo mag-asawa, it even includes not only your money types pati fight types, love life, talk styles at deepest longings ninyo. You can  check it here.

Tip #4 Find an added income stream.

In this pandemic we can see that job security is no longer true. Ang dami sa ating mga kababayan na nangangapa dahil nawalan ng work at nawalan ng fixed monthly income. 

The best thing that a couple can do is to always find an added income stream with or without COVID 19.  

I will name some added income stream na talagang ginagawa namin mag-asawa as side hustles: affiliate marketing, creating online courses, writing ebooks and stocks investing.

Another patok sa ngayon ay e-commerce, dropshipping, and being freelancers. 

So see possibilities kept coming. If you want to learn more on starting an online business pero di ka sure paano magsimula you may visit  HERE.

The Apostle Paul reminds us that as a couple we should be of "ONE MIND, united in thought and purpose." 1 Cor 1:10 We as couples has to work toward this goal in all areas of our relationship, including money. We need to strive toward HARMONY as we figure out papaano ba natin ihandle ang ating mga pera lalo na sa panahon ngayon. Kung meron lang harmony working together on your finances it can be fun and exceedingly rewarding.

For more tips subscribe to my YouTube Channel NOW!



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Tags

couple, couple finance, couple money, marriage, money, pera


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