Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Home Finances for Couples. Resolve Money Problems in Marriage and Learn Easy Steps to Manage Your Family Budget
    Home Finances for Couples. Resolve Money Problems in Marriage and Learn Easy Steps to Manage Your Family Budget
    Home Finances for Couples. Resolve Money Problems in Marriage and Learn Easy Steps to Manage Your Family Budget
    Ebook143 pages1 hour

    Home Finances for Couples. Resolve Money Problems in Marriage and Learn Easy Steps to Manage Your Family Budget

    By Leo Ostapiv

    5/5

    ()

    Read preview

    About this ebook

    Award-Winning Finalist in the "Business: Personal Finance/Investing" category of the 2014 International Book Awards.

    ReadersFavorite review: "Ostapiv’s book should be in every family’s library to consult every time one needs to."

    Wouldn’t it be great if money is the one thing you never argue about?

    Home Finances for Couples is a great help for a partner in a relationship, who wants to manage the family finances efficiently, move toward meeting the shared financial goals and live in financial peace with no money issues. Ideally, both partners should read it together, but even one is enough to make a difference.

    Home Finances for Couples contains 10 main chapters along with interviews, practical exercises, links to the best American and Canadian personal finance bloggers, visual illustrations and graphs. It was inspired by Dave Ramsey’s book “Total Money Makeover”, but it also adds the valuable relationship advice, particularly for young couples, engaged and newlyweds.

    It might be a truly intelligent engagement or wedding gift for the relationship ;)

    After reading Home Finances for Couples. Resolve Money Problems in Marriage and Learn Easy Steps to Manage your Family Budget, you will accomplish at least 80% of the following:
    - Give the financial health of your relationship a checkup
    - Understand the fundamental values of marriage finances
    - Learn how to discuss money problems with your spouse (or partner in relationship)
    - Learn family budgeting and create (or improve) household budget
    - Choose and apply one of the three major techniques for managing a monthly budget
    - Save money by cutting unnecessary expenses
    - Make the management of your family’s money time efficient
    - Set (or update) shared financial goals
    - Learn budgeting tips and saving from real couples who are managing their money well
    - Get inspired to achieve financial success for your family (that’s the hardest one to promise)!

    Readers need to know what will not be in this book:
    - A philosophy of money and love
    - How to earn a lot of money and become rich
    - How to prepare for your retirement
    - How to repair your broken marriage or relationship

    Check the sample to find out more!

    from the Author:

    “A fool learns from his own mistakes. The wise man learns from the mistakes of others.”

    Given my 10 years of experience in corporate finance, five years in personal finance and an MBA, you would expect my wife and me to have a perfect money management system. However, during two years of marriage, there was a lot of miscommunication in discussing our money issues. For me, Home Finances for Couples offers a hope that, although we made some mistakes, it’s not too late in our relationship.

    I’ve been reading around 50 American and Canadian personal finance blogs over several months to extend my knowledge and understand the money issues arising in modern type of long-term relationships. Bloggers advise on personal wealth management, smart financial decisions, money and relationships, family budget, student loans, spending habits, savings, being frugal, investing, paying debt off, family values, financial freedom and sustainable life. Along with own knowledge and advice, I provided links to top articles from those blogs.

    It’s my hope that you, too, can resolve any money problems—step by step—in your long-term relationship with the help of Home Finances for Couples.
    Moreover, I will show you how other couples successfully manage their family budget and deal with money issues in their marriage.

    My greatest achievement will be the moment when you say to yourself, “Home Finances helped us to...”

    LanguageEnglish
    PublisherLeo Ostapiv
    Release dateAug 17, 2013
    ISBN9781301941872
    Home Finances for Couples. Resolve Money Problems in Marriage and Learn Easy Steps to Manage Your Family Budget
    Author

    Leo Ostapiv

    Leo Ostapiv, CFO/Partner in the mobile development company Stanfy, Home Finances and Mobile apps expert, the Author of the book “Home Finances for Couples” and the blog www.homefinances.infoLeo started my financial career as an auditor in Deloitte & Touche in 2005. Since then, he has worked in different positions related to corporate financial management. Currently, he is CFO of the mobile software company “Stanfy” in Kyiv, Ukraine, and an independent consultant on managerial finance for small businesses.Leo got the bachelor’s degree in Economics from Kyiv-Mohyla University (Ukraine) in 2003, and finished his self-financed MBA in 2011. Also, he passed all exams given by the Association of Certified Chartered Accountants (ACCA), a global body for professional accountants, and qualified for their membership in 2009.Leo’s home finances journey began by recording all his expenses in Microsoft Excel in 2008. The underlying reason was to discover why he had a decent salary, modest lifestyle and yet neither assets nor savings. Over the years, Leo developed an advanced system with the usage of online financial software and regular financial health checks. He invented tricks and techniques to make managing personal money as easy as possible.

    Related to Home Finances for Couples. Resolve Money Problems in Marriage and Learn Easy Steps to Manage Your Family Budget

    Related ebooks

    Personal Finance For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Here’s What Couples Need to Know About Merging Finances

      May 12, 2021

      Personal finances embody deeply rooted emotional characteristics that shape one’s behavior toward their money. It’s important to remember that when sharing finances with a significant other, it’s not a one-size-fits all kind of deal. Individual emoti

      2 min read

    • Article

      A Prewedding Talk For Modern Couples

      Nov 20, 2017

      A Prewedding Talk For Modern Couples
      4 min read

    • Article

      10 Things Men Need To Know

      Apr 23, 2021

      10 Things Men Need To Know
      3 min read

    • Article

      4 Retirement Questions to Ask Before 'How Much Should I Save?'

      Feb 17, 2020

      One of the most common questions we get from our clients is, "How much do I need to save to retire?" To answer this question, we recommend focusing first on a few mostly non-financial questions designed to help you picture what "retirement" means to

      3 min read

    • Article

      Love & money

      Sep 29, 2021

      Love & money
      11 min read

    • Article

      Bank On Yourself

      May 12, 2019

      Bank On Yourself
      5 min read

    • Article

      Know Your Money Personality

      Oct 13, 2021

      Know Your Money Personality
      1 min read

    • Article

      Emergency Funds Can Have a Surprising Downside

      Jan 22, 2019

      Why save for opportunities when everyone tells you to only save for emergencies instead? Because you'll be operating from a place of abundance, not scarcity, and that can make a world of difference. It's valuable for each family to have a cash emer

      4 min read

    • Article

      Coupling Finances

      Dec 9, 2018

      Coupling Finances
      1 min read

    • Article

      Financial Knowledge Is Power Only If You Apply It

      Mar 6, 2021

      ONE of my favourite sayings is “Financial literacy, just like weight loss, isn’t dependent on one thing. It’s 20% education and 80% your action.” A year into the Covid-19 pandemic, I’m reminded of a young woman I interacted with a few months before S

      3 min read

    • Article

      How to Budget

      May 31, 2019

      One of the toughest tasks of personal financial planning is the dirty "B" word: budgeting. Everyone needs a budget. The problem is how best to create and live within a budget without negatively impacting your day-to-day life. While this topic tends

      3 min read

    • Article

      One Size Doesn't Fit All with Pension Payout Options

      Apr 9, 2020

      Though we often hear that traditional pensions are all but extinct, there are still employers, big and small, who include them as part of their employee benefits packages. It's a comforting thing for those fortunate folks, knowing they have that gua

      4 min read

    • Article

      Have You Married A Scrooge?

      May 20, 2022

      Have You Married A Scrooge?
      4 min read

    • Article

      A Tax Guide for Investors

      Mar 7, 2019

      For most people, tax time is about as much fun as taking a bath with an electric eel, and taxes on your investments can be particularly confusing and irksome. Nevertheless, if you make wise use of capital losses and gains, you may find that you owe l

      7 min read

    • Article

      My 10 Best Financial Literacy Apps for Kids

      Aug 2, 2018

      It's never too early to start teaching kids about money. It will enable them to make smart decisions as they become young adults. Apps for smartphones and tablets on how to handle money can make the learning process more enjoyable. Financial literacy

      4 min read

    • Article

      How They Handle Money In Teenage Years

      Jun 30, 2021

      Girls are more likely than boys to find it easy to spend money, though gender made no difference when it came to saving money or avoiding debt. How teens managed money at age 16-17 relates to whether they received extra pocket money at ages 12-13 or

      1 min read

    • Article

      How To Make Better Choices During Uncertainty

      Apr 29, 2020

      • Count your blessings. Look at what have rather than what you may have lost or missed out on, as this helps lower emotion and brings you into a more rational headspace. • Think in three time frames. Ask yourself what the impact of your decision will

      1 min read

    • Article

      On Marriage and Money: A CFP's Perspective

      May 14, 2018

      For those in a committed relationship or recently engaged, there's lots of online advice about how to get through wedding planning and still have a wedding. From the "irritable bride/groom syndrome" to the planning-induced insomnia and worries about

      5 min read

    • Article

      5 Causes of Marital Money Stress (and How to Fix Them)

      Jul 11, 2019

      Are you and your spouse burdened by financial stress? You're not alone. According to Marriage.com, money fights are the second-leading cause of divorce, behind infidelity. Below are the main culprits of money tension in couples and strategies to

      5 min read

    • Article

      The Co-finance Conversation

      Jul 21, 2021

      The Co-finance Conversation
      4 min read

    Related categories

    Reviews for Home Finances for Couples. Resolve Money Problems in Marriage and Learn Easy Steps to Manage Your Family Budget

    5/5

    1 rating1 review

    What did you think?

    Tap to rate

    Review must be at least 10 words

    • 5/5
      This is a fantastic book on managing your finances as a couple, truly needed!

    Book preview

    Home Finances for Couples. Resolve Money Problems in Marriage and Learn Easy Steps to Manage Your Family Budget - Leo Ostapiv

    HOME FINANCES for COUPLES

    Resolve Money Problems in Marriage and Learn Easy Steps to Manage Family Budget

    by Leo Ostapiv

    Copyright 2013 Lyubomyr Ostapiv

    Smashwords Edition, License notes

    This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold

    or given away to other people. If you would like to share this book with another person,

    please purchase an additional copy for each recipient. If you’re reading this book and did

    not purchase it, or it was not purchased for your use only, then please return to

    Smashwords.com and purchase your own copy. Thank you for respecting the hard work

    of this author.

    To my Love:

    You inspired me to become proactive in my life.

    TABLE OF CONTENTS

    INTRO

    CHAPTER 1. GLUE FOR THE FAMILY: SHARED GOALS

    CHAPTER 2. REASONS TO MAINTAIN A FAMILY BUDGET: HOW TO STRUCTURE IT AND WHO IS RESPONSIBLE

    CHAPTER 3. VALUES TO UNDERSTAND AND THE RIGHT WAYS TO TALK ABOUT MONEY WITH YOUR LOVED ONE

    CHAPTER 4. FAMILY FINANCIAL GLOSSARY

    CHAPTER 5. BASIC TECHNIQUE: EXPENSES ONLY

    CHAPTER 6. REGULAR TECHNIQUE: INCOMES AND EXPENSES

    CHAPTER 7. ADVANCED TECHNIQUE: FAMILY ASSETS, LIABILITIES AND INCOME STATEMENT

    CHAPTER 8. TIPS ON BUDGETING AND SAVING MONEY

    CHAPTER 9. COMMON MISTAKES TO AVOID

    CHAPTER 10. MAKE YOUR DREAMS COME TRUE: STRATEGIES TO MAKE YOUR FAMILY FINANCIALLY SUCCESSFUL

    INTERVIEWS

    SUPER SUMMARY

    BONUS CHAPTER HOW A SMARTPHONE CAN IMPROVE YOUR HOME FINANCES

    Intro

    I remember my first date with my wife just like it was yesterday. What a lovely evening!

    We went to see Nikolai Gogol’s play. I purchased the tickets in advance to make sure we would have good seats. Like any other guy, I wanted our first date to be memorable. After the play, we walked in historical downtown and stopped by one of the upscale restaurants to have dessert with a berry mojito. I readily paid for them so as to impress her. I didn’t want the night to end yet, so we went to a nightclub. We got thirsty after too much dancing and decided to grab a couple of drinks. My future wife offered to pay for them, and she did. As I’ve always wanted a financially independent girlfriend, my thoughts were, Wow! That’s cool; she paid for our drinks. I like her even more.

    Money is always somewhere in our brains, even if it’s in the subconscious. We carry our own set of financial values with us and, like it or not, the right side of our brain (the rational side) is scanning each potential long-term relationship partner: "What is his (her) attitude toward savings and spending? What is his (her) earning potential?"

    After all the initial tests are passed, you feel I found the one! We will spend the rest of our lives together! But another fundamental money issue arises: a structure of the family budget. Do you merge all accounts, keep two totally independent ones or use a combination of both methods?

    Next comes the most important topic. What are the shared goals of your marriage? The shared goals and dreams are among key the factors to lower the risk of a divorce, so we will certainly start with the family glue in Chapter 1. By the way, I am using the term marriage more in its spiritual rather than legal meaning in this book.

    Chapter 2 outlines recommended structure of home budget and discusses common home budgeting myths. Next you are going to conduct financial values check-up of your relationship and learn about the differences in money perception between men and women. Moreover, we are going to discuss the creation and purpose of Family Financial Board along with behavioral recommendations for each gender.

    We want our household budgeting to be as automated, efficient and painless as possible. That’s quite a technical field. You can benefit from my experience and other couples’ experiences. If you haven’t maintained your family budget yet, I am willing to bet the price of this book (price, net of taxes and Amazon commissions, of course :) that you will start managing your finances after reading it. Chapters 4-8 will give you basic financial terms, plenty of budgeting tips and three major techniques of home accounting to choose from.

    Chapter 9 discusses common technical and behavioral problems in marriage and provides references to the best online publications on the topic. Finally, Chapter 10 summarizes common sense principles required for financial success and points for mental transformation as shown in the picture.

    It also discusses savings, debt and investments in detail.

    Interviews with real couples will show you how they manage the finances and view family financial success.

    After this book was completed and edited, I added the short chapter about technology since it makes life so much easier. I am a big user of mobile apps, so I felt a lot of my experience will be useful for the readers as well.

    Please remember: Home Finances for Couples is a powerful tool for your life, not a fiction story for your leisure time. I interviewed dozens of couples, read hundreds of articles from top fifty American and Canadian personal finance bloggers, spent numerous early morning hours thinking and writing to present a truly valuable gift for your marriage!

    Whether you are young couple, engaged, newlyweds or you’ve been together for a long time without serious financial planning, this book will make money something you never argue about.

    Discuss chapters with your partner, and use this book to improve your relationship along with your financial health.

    Ayn Rand once said, Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver. So, take your place behind the wheel and have a pleasant ride with my book.

    Chapter 1. Glue for the Family: Shared Goals

    Family Glue

    Have you ever thought about what keeps a family together? You might name love, positive emotions, personality, chemistry, drive and spirituality. Those things got you into a long-term relationship, but feelings tend to fade after two to four years of marriage. From some point in your relationship, success in marriage requires falling in love many times, always with the same person.

    From my observations, a married couple sticks together because the family glue contains the following elements:

    Children are always the Number 1

    Enjoying the preview?
    Page 1 of 1