When should you and your mate start budgeting your finances, and is this necessary? What year in the realtionship should you know yearly income?
Hey, guys, it's Mikoko Stallion. Check one. Check two. Okay, so this is my first swell. I'm brand new to it. Thank you guys for listening. And thank you guys for replying. I appreciate it. So, listen, this is is my question. Relationship goals, right? When do you think it's feasible in a relationship for partners to financially know their yearly income, budgeting, and just everything financial?
Lance Watson
@lwatsonjr · 4:35
That was one of the very first conversations that we had of a more serious nature. We shared everything from how we handle our finances and budgeting. Do you budget? And so that question was asked from both sides of the table, not what is your budget? Because that's jumping the gun, right? But just first find out does a person practice these kind of habits? And then as time went on, we talked with each other about best practices
J.L. Beasley
@Her_Sisu · 5:00
How can he be a resource? How can he be a benefit? And then in turn, I can flourish in my creativity and my feminine energy and also be a helpmate to him so that he can grow and flourish, and then we can grow and flourish together. But I don't want to bring up my income because that's neither here nor there's or that. I'm definitely going to look to my next as the source to elevate our family based
Swell Team
@Swell · 0:15
J.L. Beasley
@Her_Sisu · 1:14
But I do believe it's important to have an understanding of in terms of where your mate is, in terms of credit score and how they manage their finances, their ability to pay bills on time, their ability to save or have a goal and work hard to reach it financially. At the end of the day, couples have to do what is right for them and make it work for them. There is no established or prescribed rulebook
In the meantime, what you want to do is look at what you owe. What is on your credit report that you owe? What is your amount of credit that is available to you versus the amount that you owe? If you owe $4,000 in credit card debt, but your debt limit is only $6,000, your credit limit is only $6,000, you need to have that conversation
