The simple rule this couple follows to avoid fighting about money
“Twine-namic Duos” is presented by Twine. Sarah-Beth and Reuben’s rule is that they have to discuss any purchase over $100. This allows them to stay on the same page as they plan both the immediate future and larger-scale things further down the line. Following is a transcript of the video.
Sarah-Beth: Coming up with a savings plan has been the hardest thing for the two of us. Once we like, combine things together with the joint account and the joint credit card, trying to figure out how we want to meet those long-term goals, saving for a house, different things like that, maybe one day buying a car. Just all those long-term goals, you have to come up with a plan on how you’re gonna save and manage the month-to-month but also the year long and the two-year things.
Reuben: We came up with this number that was — we said if you’re spending over $100 on something — that isn’t a present — you have to talk about it with the other person, and it’s a conversation, and it’s not merely just like the other person can approve or disapprove of it, but it’s more of you can talk about it. Like I do a lot of running races and stuff, that sometimes get very expensive, and we talk about like, you know, which races I’m going to do for the year, so that we can, you know, plan it out versus me just willy-nilly just like, registering for, you know, 20 races, and then all of a sudden I spent $3,000 on race entries, you know, without —
Sarah-Beth: Yeah, and most of the time we’re like “Oh, of course you need to spend, that’s what the cost of it is,” but it’s just having that …read more
Source:: Business Insider