Personal Finance for Couples • Financially Engaged

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Follow👉🏻 @financiallyengaged to level up you

Follow👉🏻 @financiallyengaged to level up your finances and your marriage.💍
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We were all raised differently and have formed different feelings toward money throughout our lives. Some people are Type A all the way and others are free spirits. The different approaches can all work and provide balance, but the key is understanding each other's preferences and assessing how you can complement each other. In our programs we refer to these different approaches as the Five Financial Identities. This understanding lays the foundation for everything else to come.

✨Most of us weren't taught personal finances in school or at home, and for those that were lucky enough, the concepts may have already slipped their mind. It's not uncommon for one or both people in a relationship to not know what net worth is and/or not have tracked their net worth in detail before. Check out our site - financiallyengaged.com - for freebies that can help you both do this together in an easy way.
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💭Make sure you put on the dreaming cap together too! Put your goals down on paper and try to think about when you'd want to achieve them, how much they might cost, and how you two can reach them together. We call this finding your "why" and believe it makes any of the mundane areas of personal finance much more meaningful.
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✨Debt burdens, poor credit scores, and other credit issues can be a drag, but nothing is worse than negative surprises for each other later in life. If you lay it all on the table, you can create a path for paying it off and building good credit. We have a great debt payoff tool that can help you as well💰. It can be scary to face this stuff upfront, but it's amazing to be honest and know that you have a partner that can help with support and accountability.
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🗣And of course make sure you both align on a plan for how you will collectively share and split financial areas. Since getting married, we prefer to split things evenly and take a true team approach, but there is definitely not a one-size-fits-all approach. Discuss which accounts, income, and expenses will be shared sooner than later! It's all about communication.

Follow👉🏻 @financiallyengaged for daily perso

Follow👉🏻 @financiallyengaged for daily personal finance tips!
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My hope for you is that you’re building this kind of meaningful wealth, and if you’re not, let’s change that 🥰
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✅SHARE this post and let me know what wealth means to you!

Image inspired by @lizandmollie 👏🏻
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#wealthbuilding #wealthmindset #financialfreedom #financialindependence #moneymindset #selfcare #debtfreecommunity #momsofinstagram #selfcare #financialplanning #financialeducation #motivationmonday #motivationalquotes #sundayquotes

Follow @financiallyengaged for daily personal fina

Follow @financiallyengaged for daily personal finance tips! 💰
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If you’re new to investing, buckle up! We’re about to start sharing a series of posts on how to get started.📈
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Investing doesn’t have to be scary or complicated once you learn the basics.
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Did you learn something new from this post? What investing questions do you have? Let me know!
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👉🏻SHARE this post with anyone who wants to understand investing!
👉🏻SAVE this post to refer back to!
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#investing101 #investingtips #investingforbeginners #investingbasics #indexfunds #mutualfunds #financetips #personalfinance #personalfinancetips #moneymanagement #moneymindset

Follow 👉🏻 @financiallyengaged for nonjudgmen

Follow 👉🏻 @financiallyengaged for nonjudgmental daily personal finance tips!
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Anyone that knows us, knows that we like to splurge on certain areas of our life like my love for photography and organic food, and Brady’s love for traveling to his bucket list places like Norway.
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But with each of these expenses, we’re fully aware of the opportunity cost. For example, if we spend $3,000 on a European vacation, we know we will not be able to invest that $3,000 and earn 7% interest.
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And 👏🏻that’s 👏🏻OK!!
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It brings us joy and we value it. We also know how to will affect our other short and long term savings goals.
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Moral of the story: our goal isn’t to spend as little as possible, it’s to spend money on areas of our life that bring us value and cut back in areas that don’t!
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What do you like to splurge on?

✅SHARE this post if you can relate!
✅follow @financiallyengaged
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#moneygoals #financegoals #financetips #personalfinance #personalfinances #debtfreejourney #debtfreegoals #moneymotivation #financialfreedom #financialliteracy

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