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IP7 Family Finaces1
IP7 Family Finaces1
net
DrAnneenthusiasticLife
DrAnneenthusiasticLife
Dr MargiAnne Isaia, MD MPH PCC-T
Dr MargiAnne Isaia, MD MPH PCC-T
SET
Family Finances PART
7
FAMILY HEALTH –
FINANCIAL MATTERS
The issue of money has the ability to make or break the relationship bond
Money - a means to survival:
When money is valued for what it is--a means to survival--a couple can use it to build a
future, or provide for the things that are most important to them.
If money is lacking, survival becomes more of a challenge, but the value of the
relationship stays the same.
MONEY
A MEANS TOWARD
POWER, CONTROL,
ADORATION
OR SEDUCTIONS
Each partner brings his own rendition of money values to the table.
When money is valued as power or control by one, or both partners, one of the partners
will tend to place blame on the other partner when money problems arise.
It's at this point that the effects of money on a relationship are felt.
Marriage statistics show money issues as a leading cause of divorce.
Analysts predict that the rise in bankruptcies and foreclosures will see a substantial
increase in divorce rates within the coming years.
Money problems are a symptom of deeper problems that haven't been addressed in the
relationship.
MONEY
MANAGEMENT –
A BUSINESS
PERSPECTIVE
Be able to ask questions and make sure that your partner isn't making financial
mistakes:
If you are willing to deal with whatever your partner says and don’t get angry, you
are encouraging your partner to be honest with you and explain how or why they've
been spending
MONEY
MANAGEMENT –
A BUSINESS
PERSPECTIVE
Overcome overspending:
If you or your spouse constantly goes shopping or shows off new things, she/he may
be spending too much money.
• RESEARCH FAMILY HISTORY. Each of you should talk about how your
parents handled money. This will give you insight into her money issues.
• PRIORITIZE. Rank your financial goals together. You want to know what
you're saving or investing for.
“Parents are to bring up and educate and train their children in habits of self-
control and self-denial.
They are to educate their children that there is a need of living in accordance
with simple habits in their daily life, and to avoid expensive dress, expensive
diet, expensive houses, and expensive furniture.”
EGW AH 386.1
FINANCIAL
MATTERS
CLASSICAL AUTHOR
“The very best legacy which parents can leave their children is knowledge
of useful labor and the example of a life characterized by disinterested
benevolence. By such a life they show the true value of money, that it is
only to be appreciated for the good that it will accomplish in relieving their
own wants and the necessities of others, and in advancing the cause of
God.” EGW AH 390.1
FAMILY REFLECTION
Do you like to save money while your spouse likes to spend every dime?
Is one of you very open about finances while the other thinks it should be a
secret?
How did you handle your finances when you were single?
How much of your income do you plan to save?
What is the lowest amount you are comfortable having in a savings
account?
Do you ever spend money when you shouldn’t?
How disciplined are you when it comes to buying things you want?
REFERENCES