10 Ways You And Your Spouse Can Work Together To Make Better Financial Decisions

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My wife Jenn is amazing. In the area of money, she always helps me make better financial decisions. As a single person, I was consistently broke. When we started working together in our financial journey, we began making tremendous progress toward funding our plans, hopes, and dreams.

There are many we work together to make better financial decisions, but I’ve narrowed the list down to ten.

1. Better Questions

Whenever you are fired up to spend money, your spouse can ask some great questions that provide tremendous clarification. For example, I once was excited to purchase a piece of land to use as an investment property. Jenn asked me one question: “How does this help us make money?

Many frustrating hours of performing lots of math exercises, I could not show her how my investment would make money. We didn’t buy the land and avoided a colossal financial mistake.

2. Understanding

You and your spouse know each other very well – probably better than anyone else on the planet. This knowledge can help provide better perspective and wisdom into financial decisions.

3. Listening

When you are enthused about a particular money decision, your spouse can be an ear for you to share all of the excitement. It can be incredibly valuable to share your thoughts out loud because it helps you better understand the decision! Jenn has had to hear me share so many ideas that it would drive any other person away, but instead she patiently listens to everything I share.

4. Vision

Because our spouses are wired differently, we see things differently. My wife has the ability to see a situation in a way I can’t, so when we examine an investment opportunity, I think through the math while she evaluates the potential partners, the effect such an investment would have on the family’s financial security, and how it affects the college fund for the kids! That dual vision is

5. Accountability

My wife demands to see the numbers and challenges every assumption. This provides a 360º view of each financial decision and ensures that we move forward toward our shared dreams.

Print6. Holistic

Work together to look beyond the numbers and see how the decisions affects non-financial aspects of your life. Will the financial decision reduce the time you get to spend together? How much energy and effort will it take? Who will be the people you must work with to accomplish the decision?

7. Balance

Some people want to establish financial security while others want to “risk it all.” Neither case is ideal, and that’s just one more reason marriage is awesome! Balance out risk-taking behavior with risk-averse nature.

8. Togetherness

Since money is part of everything we do, either directly or indirectly, conversations about money ensure time spent in conversation together. This helps us make better financial decisions! Jenn is willing to discuss everything. We are on the same team with shared interests, and this means that we are working together to address financial challenges and fund our dreams.

9. Confidence

As spouses, you believe in each other and want to see each other succeed in whatever you do, individually and as a couple. There are few things that provide confidence in one another like hearing your spouse say, “I believe in you. You can do this!”

10. Confidant

In a world that seems to be “dog eat dog,” it is great to be able to share everything we are thinking with someone without fear of retribution. Perhaps this is one of the greatest parts of marriage, the ability to be you. All of you.

I call my wife my “chief business counsel.” If you ever hear me say, “I need to consult with my chief business counsel.” I’m really referring to Jenn—not a legal team. Without her, I would still be broke and would have been the key subject matter of the book, “How To Be B-R-O-K-E”. Do you involve your spouse in financial decisions?


Joseph Sangl is a leading teacher of personal finances and the founder of I Was Broke. Now I’m Not., an organization committed to helping people live fully funded lives. He’s also the author of several books including his latest release, “I Was Broke. Now I’m Not.” Joe resides in Anderson, South Carolina with his wife, Jenn, and their three children. You can connect with Joseph on Twitter.

534650110_1280 Check out Married, an online experience for couples. This video series will provide a ton of insight and advice on ways to strengthen and enrich your marriage. Hear from the experts and apply it your marriage today.




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