“A budget is simply telling your money where to go instead of wondering where it went.” –John Maxwell
How we handle our money impacts every part of our lives. Your behavior is the key to taking control of your money, and your behavior is tied to your relationships. Singles should keep financial accountability, couples work together as a team and children learn about financial responsibility.
The flow of money in a household represents the value system under which that household operates. The partner with the natural gift can prepare the budget, but the decision-making must be done by both people. When you agree on your value system, you will reach unity in your marriage. Start by telling your spouse WHY you want to change your lives this way. Get them to dream with you!
Time, poverty and fatigue can lead to poor money management. Beware of impulse buying, which can be brought on by stress or even the “I owe it to myself” syndrome. Also, be careful with loaning others money. According to a Dave Ramsey survey, 57% of people said they have seen a friendship or relationship ruined because one didn’t pay back the other with loaning money. If you want to help someone and have it allocated in your budget, you can provide the money as a gift.
If you or someone you know needs debt consolidation help, you can feel confident and save with a consolidation loan from Metro Credit Union.
Children seem to think that adults have a magic wallet for shopping. Teach kids about spending, saving and giving by opening up a checking and savings account with Metro Credit Union. Give children jobs suitable for their age and pay commissions to your kids, not an allowance. When they work, they get paid, but if they don’t work, they don’t get paid.
Metro Credit Union wants you to be in the best financial health. Visit our newly designed website at www.metrofcu.org and utilize our online banking tools. You can download the MCU Mobile App to keep track of your finances on the go. Utilize our financial calculators regarding home financing, personal financing, investments and retirement.
As always, feel free to contact Metro Credit Union’s Member Services Toll-Free at 800-301-8549 or email firstname.lastname@example.org.