1. We have little, if any, practical, financial. instructio

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Authentic Manhood
Winning at Work Home
Session 6
How the Man Makes the Money Work at Home
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(No Transcript)
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Big Picture Perspectives
A. Money promises happiness, but the facts
say otherwise.
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Big Picture Perspectives
B. What couples argue about the most and
longest is money. Thats a fact, too!
The Reasons
1. We have little, if any, practical, financial
instruction to draw on.
Few of us were taught money management
practices at home.
Few of us were taught money management
practices in school.
Therefore, most couples address their
financial issues through a painful trial and
error process.
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Big Picture Perspectives
B. What couples argue about the most and
longest is money. Thats a fact, too!
The Reasons
2. We also have differing financial
personalities.
The number conscious personality.
The carefree personality.
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Big Picture Perspectives
C. For the reasons above, the Bible speaks
long and loud on money with a wisdom that
works.
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High Yield Money Practices for Couples
A. Face the facts.
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High Yield Money Practices for Couples
A. Face the facts.
1. Know what you really spend.
2. Tracking.
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High Yield Money Practices for Couples
B. Decide together as a couple where you
want your money to go before you spend it.
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High Yield Money Practices for Couples
B. Decide together as a couple where you
want your money to go before you spend it.
1. Look at the facts and budget out of this
reality.
2. Most couples will need some outside help
getting started with a budget.
3. Important Never spend money that has
not been pre-approved.
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High Yield Money Practices for Couples
C. Limit debt.
1. The good
Home
2. The questionable
Car loans
Student loans
Home Equity loans
3. The ugly
Credit cards
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A Winning Formula for Managing Your Money at Home
A. This budget formula should be managed by
Mr./Mrs. Numbers Conscious.
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A Winning Formula for Managing Your Money at Home
MTH - G - S - 1/12 IE - CA - RMB DM
MTH is monthly take home income.
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A Winning Formula for Managing Your Money at Home
MTH - G - S - 1/12 IE - CA - RMB DM
G is the money we give away.
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A Winning Formula for Managing Your Money at Home
MTH - G - S - 1/12 IE - CA - RMB DM
G is the money we give away.
1. We need to regularly give some of our
money away.
2. The Christian honors God for blessing
him by giving a regular tithe.
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A Winning Formula for Managing Your Money at Home
MTH - G - S - 1/12 IE - CA - RMB DM
G is the money we give away.
3. For every man, Christian or not, giving
Is a character builder that counteracts
corrupting greed.
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A Winning Formula for Managing Your Money at Home
MTH - G - S - 1/12 IE - CA - RMB DM
G is the money we give away.
3. For every man, Christian or not, giving
Is a character builder that counteracts
corrupting greed.
Connects us to helping others which is a
major ingredient to personal happiness.
Connects us to a greater purpose than
ourselves which is a second major ingredient
to personal happiness.
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A Winning Formula for Managing Your Money at Home
MTH - G - S - 1/12 IE - CA - RMB DM
S is what we pay to ourselves for saving for the
future.
1. Save something out of every check.
2. A healthy, monthly saving amount 10
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A Winning Formula for Managing Your Money at Home
MTH - G - S - 1/12 IE - CA - RMB DM
1/12 IE is what we pay to ourselves for
irregular expenses that come due throughout the
year.
1. Quarterly car insurance, Christmas
expenses, school tuition, repairs, etc.
2. Open a freedom account.
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A Winning Formula for Managing Your Money at Home
MTH - G - S - 1/12 IE - CA - RMB DM
CA is Mr./Mrs. Carefrees monthly allowance we
pay out to bless and boundary our mate.
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A Winning Formula for Managing Your Money at Home
MTH - G - S - 1/12 IE - CA - RMB DM
RMB are the regular, monthly bills we pay.
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A Winning Formula for Managing Your Money at Home
MTH - G - S - 1/12 IE - CA - RMB DM
DM is the discretionary money we have left for
ourselves as a couple.
1. Couples need to decide in their budget
which areas should get this DM and how much.
2. Young married couples or couples who
lack financial discipline may need to put
these amounts in cash envelopes and spend
out of them to discipline their
discretionary spending.
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A Winning Formula for Managing Your Money at Home
MTH - G - S - 1/12 IE - CA - RMB DM
DM is the discretionary money we have left for
ourselves as a couple.
3. The numbers conscious personality
watches over DM when it stays in the check
book.
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A Winning Formula for Managing Your Money at Home
MTH - G - S - 1/12 IE - CA - RMB DM
What about credit cards?
1. No charging unless we both agree.
2. Relinquish cards you cant control.
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A Winning Formula for Managing Your Money at Home
MTH - G - S - 1/12 IE - CA - RMB DM
What about God?
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Four Musts for the Married Man Concerning Money
A. Accept responsibility for sound financial
practices in your home whether you are
the numbers conscious personality or not.
1. It reduces stress and conflict between
you and your wife.
2. It draws your wifes respect and
admiration.
3. It brings security to your wife (a top
feminine need!) and freedom to your
marriage.
4. It requires the paradox principle.
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Four Musts for the Married Man Concerning Money
B. Make sure you have provided for the
future of your family.
1. Will
2. Insurance death, disability
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Four Musts for the Married Man Concerning Money
C. Provide a safe place for keeping all
your important financial information.
1. Put everything in a fireproof container
at home or in a safety deposit box at a
bank.
2. Put a love letter inside.
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Four Musts for the Married Man Concerning Money
D. Keep growing in your financial
understanding.
1. Read good books.
2. Seek wise, outside counsel.
3. Get into a couples financial study
group.