TEAM EFFORT: Financial struggles shouldn’t have to be just your burden

Struggling from one day to the next, worrying about bills and how you’re going to pay them or hoping and praying you have enough money this month to cover all your expenses is the epitome of stress and certainly adds to a daily regimen that is riddled with concern.

So with that, do you really think this is something you should tackle on your own?

A number of reasons may factor into why you believe that you should forage into fixing your finances on your own. Perhaps the mentality that pushes to the forefront most is blame, specifically you accepting it thanks to your savings account and overall portfolio not being in tip top shape.
Even if you are the one that put yourself in this financial pickle doesn’t necessarily mean that you can’t ask for help to turn this thing around in a hurry, especially if your significant other also is indirectly involved in righting the ship.

Before you begin working together as a team, there are a few basics you can implore before that moment arrives. You should take stock of the entire situation and truly determine what exactly is causing you the most trouble. Maybe you’re spending too much on entertainment or perhaps that clothing budget is busting at the seams.

After you narrow down your financial shortcomings, you can pull yourself out of the muck that is your checking or non-existent savings account. Being able to broach the subject to your wife, husband or partner as to why money isn’t favorable in your household is a lot easier if you can be specific with the issues and offer realistic options moving forward.

Once you bring the second person on board to help discuss where you want to go money wise, you can troubleshoot together and fully understand their perspective and come together with plenty of ideas that transform into a well-rounded plan that encompasses the scope of the entire household.

Far too often, you want to assume all the burden and tension that is associated with having money and budgeting issues. This isn’t done with deceit or disinformation in mind but rather to spare the feelings of the people they care about and, truthfully, to not look incompetent as the person in charge of the finances.

But not asking for help or getting another opinion is only going to exacerbate the problem and leave you in an even less enviable position: trying to explain not only why things got out of hand financially but how you let this far along without speaking up.