How to Manage Money

We all need money to provide our families with the things they need. (Proverbs 30:8) After all, “money is a protection.” (Ecclesiastes 7:12) As a couple, it may be difficult to talk about money, but do not let money cause problems in your marriage. (Ephesians 4:32) A couple should trust each other and work together when deciding how money will be spent.

WHAT THE BIBLE SAYS: “Who of you wanting to build a tower does not first sit down and calculate the expense to see if he has enough to complete it?” (Luke 14:28) It is essential that you plan together how you will use your money. (Amos 3:3) Decide what you need to buy and how much you can afford to spend. (Proverbs 31:16) Just because you have the money to buy something does not necessarily mean that you should. Try to avoid debt. Spend only the money you have.​—Proverbs 21:5; 22:7.

WHAT YOU CAN DO:

• If you have extra money at the end of the month, decide together what you are going to do with it

• If you have a deficit, make specific plans to reduce your expenses. For example, you could prepare your own meals instead of eating out

WHAT THE BIBLE SAYS: “Care for everything honestly, not only in the sight of Jehovah but also in the sight of men.” (2 Corinthians 8:21) Be honest with your mate about how much you earn and spend.

Always consult your mate when making major decisions about your finances. (Proverbs 13:10) Communicating about money will help to maintain peace in your marriage. View your income, not as your personal money, but as family money.​—1 Timothy 5:8.

WHAT YOU CAN DO:

• Agree on an amount that each of you can spend without having to consult the other

• Do not wait until a problem arises before you talk about money