Budgeting(2 sections)
This piece on Budgeting is about money, and more.
We have both money and time to spend on our lives.
Each expenditure has to be assigned on the order of importance.
But what is the order of importance, especially in your marriage?
BUDGETING
Maslow's Scale
A man named Maslow invented a visual graph
that shows how we sort the importance of the different parts of our life.
* the number of people that will be living in the house
* the safety needs of the people, according to the neighborhood.
* available transportation
* how fancy we want the house to look
* how clean we want the house to be
* how fun we want the house to be for our people
* if we want to maintain the resale value of the home
* how much free time we have to tackle home projects
* how many skill-sets and tools we have for home repair and home improvement projects.
To have a proper home, we have to budget more than money.
We have to budget time to study safety issues,
the opportunity to enjoy loved ones,
and the time needed to develop skills and hobbies that allow us to maintain and enjoy our homes.
Time management is as important as financial management.
And in marriage, we also need to negotiate priorities.
our background tree fort/storage shed
Priorities
Does one spouse want the back yard for kids' playground equipment
while the other spouse, a dog lover, want to dedicate the backyard to dog-training?
If a spare bedroom means a baby nursery to one spouse,
but means a home office to the other spouse, their Maslows are out of synch.
while the other spouse, a dog lover, want to dedicate the backyard to dog-training?
If a spare bedroom means a baby nursery to one spouse,
but means a home office to the other spouse, their Maslows are out of synch.
Each couple needs to 'calibrate their Maslows to fit their marriage,
all the while being a good example for their kids, giving them a useful blueprint for life.
all the while being a good example for their kids, giving them a useful blueprint for life.