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Take A Personal Finance Course With Your Spouse

Picture this, I just start taking a course with my wife about personal finance, and within 3 meetings I got fired. I didn't know how badly I would need this education when I started. The lord was looking out for me, helping me try and get on the same page with my wife and onto a good footing with money.

Nothing will sink your finances quicker then not being on the same page with your wife.

And the stats are that money, communication and constant fighting are in the top 10 reasons people get divorce.

Take aways from taking a course with your spouse:

A basic education and understanding of money.

An understanding of what healthy money habits are.

A group of friends and accountability partners to help you.

How to become united with your wife on money.

In my opinion you need to go through a

personal finance course⁠

with your partner (free) by the Church of Jesus Chris of Later-Day Saints or (paid) Dave Ramsey’s

Financial Peace University⁠

. I've personally done both courses and I can vouch for how good they are.

⁠

Free Personal Finance Course Overview⁠

by The Church of Jesus Christ of Later-Day Saints.

Course PDF⁠

as of the time this podcast was recorded. If taking the church course just contact your local church leaders for details for when the next course is available.

Personal Finance Checklist

So these 2 courses were a large influence on me making a checklist around money. Let me know if this helps you.

Weekly

Update The Spending Categories Tracked (Zero Sum Budget System)

Meet With Spouse - Update Spending Plan/Budget

Monthly

Charting The Big 3 (Income, Expenses, Investment income)

Update 1-Page Money Plan

Catch Up On Your Mentors & Tools Resources

Quarterly

Compare Your Spending By Category

Review Investment Accounts & Allocations

Update Legacy Drawer In Case You Pass Away

Anytime

Emergency Update Spending Plan Together

One-Time Setup

Attend Personal Finance Course With Spouse

Create Your Own 1-Page Money Plan With Spouse (9 Areas)

72 Hour Food, Water, Safety Investments

1-Month Emergency Fund

Get Insurance

3-6 Month Emergency Fund

Consider 1 Month Food, Water, Safety Investments

Pay Off Consumer Debt

Only Have Okay Debt

Consider Home Ownership & Paying It Off Faster

Consider Up To 12 Month Food & More Water | Safety Investments

Investing - Work Towards Retirement Goal

Subscribe & Listen To 12 Part Money For Average Joe's Podcast Series

Donate Tithing To Church Setup

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Link⁠

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Bits of Wisdom Don’t count on social security Never pre-pay anything (college, funerals...) Discourages debt consolidation Never co-sign with another except your spouse

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