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Friday, December 24, 2010

Budgeting is a Team Sport!

When preparing your budget, it is important to remember that at least one other pair of eyes needs to look over your budget. There are several reasons for this. First, another point of view may notice something that needs budgeted for. You may have missed the need to budget for car repairs, or for the furniture needing replaced. This should be your spouse if you are married, or somone you know is good with finances as a single person.
Another reason, if you are married, to have your spouse look over your budget is to enhance the unity in your marriage. If you develop a budget and tell your spouse that the budget is done, you make your spouse feelcontrolled, rather than part of a team. Once you complete the first draft of your budget, your spouse then looks it over and gets to make changes to it! This keeps the budget from being the budget "I made" to the one "we came up with."

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