By Linda Davis Taylor, Author of The Business of Family: How to Stay Rich for Generations
Money can either unite or divide us. The money doesn’t decide. We do. Financial circumstances can change. Jobs come and go. Illness may strike. Divorce happens. We have more MBAs in the world than ever; yet, it’s the family balance sheet that remains misunderstood. How can we avoid fights over a family inheritance? The answer is found in running and managing your family and wealth like a business. When problems arise, family members must be just as unified around a common purpose as members are in a business.
I admit I never did enough activities on our anniversaries. We have spent 12 anniversaries together so far. SMB (my wife), has a weakness towards the jewelry and clothing but what she’s most interested in is, spending time with me, on a vacation or simply at home, two of us! So our anniversary ideas revolve around creating moments and memories.
We celebrate our anniversary in the month of July (8th July, to be precise), which is still 10 months away. The last anniversary, 2 months back, was the dullest one we celebrated so far. We didn’t go out anywhere, we had a cake cutting at home with no one to cheer us. If things go well, next anniversary is going to be very very special. So I started planning, and thus came this post idea.
So you have a partner, and just maybe thinking about getting more serious together? As much as you need to make sure your personalities are compatible, you should also understand that having a partner means sharing life with them, and an integral part of life is finances!
Finances can impact your relationship in many ways; from your current financial situations as all the way to your views and ideologies about relationship finances. Knowing your partner’s finances is important to be fully aware of what you’re going into!
Monday morning I met John at the cafeteria. He was brewing coffee and I was there for a cup of tea. He sighed in between the conversation and said “5 more days”. Seeing my puzzled look, he explained further – “to the weekend”. We all wait for the weekend the whole week. Almost 60 hours of time, but most of the time we don’t really pre-plan to do anything on a weekend.
There are so much to do, there are people around, things around. You need to find time and company of your family and friends. I have prepared 51 family fun ideas, these can be applicable to your friends as well.
There is nothing quite as bonding in my mind than a camping trip, especially when you are not a camping family. Those of you that were raised to camp, those that know all the right ways to do things and all the right things to pack may not know what I am talking about. But I am sure that there are those of you that were not raised up camping that have tried your hand at it like we have that know firsthand what I mean.
My dad did not camp, or have picnics, or swim in public pools. He did not like to rough it, eat with ants or flies, and he did not want to swim in a public pool. I will just leave it like that; I won’t go into his explanation because it is not pretty. He did like to fish so we spent some time at the lake. Mom on the other hand loved to hike, picnic, garden, and generally any outdoor activity.
If you had asked me few years ago what’s the best romantic gift for my wife, I would have inadvertently said ‘Lingerie’. But in my 8 years of married life I have learned to go beyond those stuff. A walk on the beach on a full moon night is by far more romantic than a lingerie, which anyway you’d see on her for a few minutes before those come off.
In my childhood, I had known a teddy bear as most romantic gift around. Today as I sat down to write this article I can think of many ideas that can be romantic and frugal for every spouse.
This article is not about getting financially richer, it’s all about getting emotionally richer in life. Love and respect cannot be gained overnight. These feelings are something you cannot impose or force on anyone too. It can only be given freely to you.
The love and respect we aim to earn is not just from our spouse or partner either. This will be from family members, friends, office mates, as well as people we casually meet on the street.
How many times have you begged your partner to get better at managing the family finances, only to have her/him roll eyes, shrug shoulders and beg off being capable of handling such responsibility? It happens all too often between couples. One manages the money the other mostly takes care of the household business, for lack of better word.
In our home, I am the financial decision maker, SMB doesn’t have much interest in knowing our tax bills or investment returns.