Stuck On The Money-Go-Round

- Sam Henderson

Do a budget

In my last book, The One-Page Financial Plan, I made some suggestions that may help you. The most important is the simple process of awareness through a budget. By creating a budget, as mind-numbing as that can appear, it can change your life because you become more aware of where you and your partner are spending your money. You can download my budget spreadsheet at hendersonmaxwell.com.au/free stuff.

Get on the same page

It’s very difficult to maintain your budget if you have a partner, potentially a non Money magazine reader, who isn’t on the same page as you. I’ve seen figures indicating that around 60% of couples argue over money, so expressing yourself in a constructive and respectful manner can literally pay dividends. We spend so much time finding partners who share our values, and financial values are just as important when it comes to maintaining a comfortable and stress-free lifestyle.

Ask for a pay rise