Efficient management of financial resources3 of 8Being accountable to another person can keep spending on the straight and narrow, particularly when working toward a mutual goal such as buying a house or financing an exotic vacation.To keep household finances shipshape, budgets and goals should be reviewed often. In fact, running your household finances similar to a business may not be a bad idea."The business model of (evaluating earnings and expenses) at least four times a year would probably be good for most families. A marriage is not a business, but being businesslike is another matter. Aristotle in 'Politics' characterized the family not just as the basic political unit of society, but as the basic economic unit," Greaney says.The U.S. government clearly agrees with that sentiment and gives married couples some breaks related to taxes and retirement. Related Articles:Marriage cuts gift taxTalk money before weddingFinance is for loversFrugal wedding secretsRelated Links:Financial secrets harmfulName change checklistBenefit tied to marriagePrep for marriage, divorce advertisement
Being accountable to another person can keep spending on the straight and narrow, particularly when working toward a mutual goal such as buying a house or financing an exotic vacation.
To keep household finances shipshape, budgets and goals should be reviewed often. In fact, running your household finances similar to a business may not be a bad idea.
"The business model of (evaluating earnings and expenses) at least four times a year would probably be good for most families. A marriage is not a business, but being businesslike is another matter. Aristotle in 'Politics' characterized the family not just as the basic political unit of society, but as the basic economic unit," Greaney says.
The U.S. government clearly agrees with that sentiment and gives married couples some breaks related to taxes and retirement.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.
By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.