Love & Money
If you are in a relationship I think you should create a financial mission statement together. A financial mission statement is a powerful tool for creating unity of purpose and focusing the attention of a couple. It provides a “guiding star” for decisions and reflects the couples values and concerns. Also, I think when you have this much clarity together on all things money, you can live a life of less stress and more peace of mind because you know exactly what your both are aiming for in life and with your money.
Our Call to Action this week is to create your couple financial mission statement. Some of the areas that you can address in your mission statement are:
Your values and priorities as a couple.
People and causes for which you want to be able to support, help in life.
How you will make financial decisions together- i.e. consult with one another before making any financial decision. Or consult with one another when spending over $200.
How you will continue to stay on top of your financial affairs and learn about money.
So take the time to write down a joint mission statement. Post this somewhere you can see daily and use it as a roadmap for your financial decisions moving forward.
Britt Castro, CFP® and Founder of Financially Wise Women
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The LPL Financial registered representative associated with this page may only discuss and/or transact securities business with residents of the following states: CA, FL, WI. CA Insurance License #0F33895. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Brandon Baker is not affiliated with LPL Financial or Perennial Financial.