in Make by Lacey Langford, AFC®
Money can invoke a boatload of emotions. Joy. Fear. Envy. Anxiety. Excitement. It’s a real rollercoaster in life. But managing money in the military is like riding one of those rollercoasters at the top of a skyscraper. It definitely takes the ride up a notch. And for better or worse, you’re on that crazy ride of emotions with your spouse. When you’re married and managing money, there are going to be some fun times and some “what have I done times?” Today’s What the Heck Wednesday is How To Manage Money And Marriage In The Military. Money and marriage can be tricky. How do you juggle the relationship rollercoaster + money + military service to have financial success? Spoiler alert! It’s not magic or something that falls in your lap. It’s multiple little steps that get you there but it comes down to planning, communication, and behavior.
The most essential part of managing money and marriage successfully is planning for it.
Let that quote sink in because it is true. Money planning keeps you both on the same page and helps you reach your financial goals. Your family financial plan doesn’t necessarily have to be typed out and bound (unless you want that), but there needs to be a few key elements of planning to help you work as a dynamic money duo.