{"id":742,"date":"2012-03-19T18:25:27","date_gmt":"2012-03-19T22:25:27","guid":{"rendered":"http:\/\/canadianbudgetbinder.com\/?p=742"},"modified":"2025-02-25T12:02:30","modified_gmt":"2025-02-25T12:02:30","slug":"how-we-designed-our-budget-step-6-who-does-what-and-when","status":"publish","type":"post","link":"https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/2012\/03\/19\/how-we-designed-our-budget-step-6-who-does-what-and-when\/","title":{"rendered":"How We Designed Our Budget Step 6- Who Does What And When?"},"content":{"rendered":"\n

<\/span>Estimated reading time: <\/span>6<\/span> minutes<\/span><\/p>\n\n\n\n

The most important part of this step in the process is the words “Our Budget.” <\/p>\n\n\n\n

If two people are involved with the money, then both should take a role in managing it. <\/p>\n\n\n\n

Without two people working towards a common goal, everything falls apart. <\/p>\n\n\n\n

Accountability and Responsibility Of Your Finances<\/h2>\n\n\n\n

Healthy financial habits, including a simple budget, are essential in every relationship, especially since money is Canada’s number one reason for divorce.<\/p>\n\n\n\n

Perhaps you’re saving up for something special like a wedding or a holiday together, and you want to save as much money as possible; a budget is ideal.<\/p>\n\n\n\n

A budget is critical for everyone at all stages of their lives, even during retirement when money needs to be stretched further.<\/p>\n\n\n\n

Financial Disaster<\/h2>\n\n\n\n

When both Mrs. CBB and I would watch television shows such as Til Debt Do Us Part, Judge Judy, or Divorce Court, we noticed three things about individuals involved in financial disputes.<\/p>\n\n\n\n

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  1. Only one person took care of the financial responsibilities.<\/strong><\/li>\n\n\n\n
  2. They don\u2019t use a budget, no mention of it, or think they do by running numbers in their head.<\/strong><\/li>\n\n\n\n
  3. There is no organization, accountability,<\/strong> or communication in relationships.<\/strong><\/li>\n<\/ol>\n\n\n\n

    When we married, Mrs. CBB and I were already on the same page regarding finances, and we still are today.<\/p>\n\n\n\n

    I remember when we would sit and cut coupons to save a few dollars and knew that we would be okay because we could handle the good with the bad.<\/p>\n\n\n\n

    Some couples would never price match, use coupons, or flip through the flyers to find the best deals to save money.<\/p>\n\n\n\n

    Unsurprisingly, most marriages end in divorce court because of money matters. <\/p>\n\n\n\n

    It\u2019s one of the top reasons for divorce, next to infidelity.<\/p>\n\n\n\n

    Family finances take trust, personal responsibility, and teamwork<\/strong>, which is the premise of this blog post. <\/p>\n\n\n\n

    If you\u2019re not married, holding yourself accountable week after week is also crucial to your budgeting success.<\/p>\n\n\n\n

    You need to set your financial goals together and work on achieving them together.<\/p>\n\n\n\n

    Our Budget Our Responsibilities<\/h2>\n\n\n\n

    When it comes to our budget, we share the tasks involved, such as;<\/strong><\/p>\n\n\n\n