29 May Twelve Personal Finance Mistakes – Share Goals
The greatest mistake most people make with their finances is to set goals and plan. In a family situation, that problem is made worse by failing to set mutual goals. If one spouse has a goal of buying a great bass boat and the other spouse is working towards a new house, the goals will conflict. Neither goal will be reached and the resulting friction will cause major discord. A split up of the family usually occurs with time.
However, when both family partners are working towards a common goal, everyone will be pulling in the same direction and the goal is easily reached. You can have several goals and they can be quite different, but when everyone is aware of the goals and works together towards them, there is no reason why you can’t have a new house AND a bass boat.
Go back to Part Two – Work With a Partner
See Part Four – Set Limits