End the Financial Fight: A New Approach to Joint Budgeting

How polar opposites went from breaking off our engagement over mixing bowls to 5 years without a fight about finances!
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  • Lectures 11
  • Length 1 hour
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 7/2015 English

Course Description

If you're reading this then I suspect you get it. Money and kids, that's what ends serious relationships, but why? At first you might say, “Everything is great, I have my money, you have your money and we can spend it as we see fit.” Your relationship is all fun and games! That is until it starts getting serious enough to consider money in the 'our money' context. You wonder, why is my partner being so irrational?

Then it starts, the quibbling and nagging "We can't afford a vacation!", "We'll we could if you quit buying a new phone every 3 months! Oh really, maybe cutting back to 10 pairs of shoes would help too" and so on. We all know this and tread lightly when talking about money but all relationships have a spender and a saver in different categories of products, without a process to navigate this minefield a bomb is going to detonate.

We speak from experience, very different upbringings and views about money almost ended our marriage before it started.

Luckily, we decided to get creative and combine our legal and engineering training to create a logical system that is extremely flexible between couples (our friends use it too) and just makes sense! Since we began using our process we have, literally, never fought about money. It's amazing, and we want to share it with you!

This course will provide you with a detailed budget template and walk you through the entire process of filling it out and maintaining it. We won't waste your time and preach for you to "Pay off credit card debt" or "Take your employer 401k match." That information is abundant on the internet (and you should read about it), however, every person needs to find their own way to "the right numbers," the trick is the process.

We will get straight down to business on setting up the budget process you and your partner can use to eliminate the money fight from your life. We know you are busy so will try to keep it clear and concise but in a presentation full of entertaining stories and examples.

Ready to never fight about money again? Check it out and if it isn't what we claim we'll happily give you your money back...it will work though ;)

What are the requirements?

  • A basic understanding of the google doc version of excel
  • (Recommended but not required) - A mint.com account

What am I going to get from this course?

  • Stop fighting about money (yes, seriously!)
  • Worked through underlying issues and understand your partner's perspective
  • Fill out and maintain a simple (but powerful) budget based on our provided template
  • Be “in the know” about our unique setup and process that prevents fights and helps save
  • Save more money

What is the target audience?

  • Couples struggling to work though the transition from thinking about money as “mine” and “yours” to “ours”
  • Couples that have already transitions to joint accounts but still fight a lot about money...so pretty much every couple!
  • Single people that struggle to save (fight with themselves). This process will work for you as well!

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: End the Money Fights - The Lectures
03:24

Understand the reasons we fight

07:14

The expenses that don't change

3 pages

List your Fixed expenses, establish a cost:value relationship for each one and work out difference with your partner

Variable Expenses, Why They Screw Everything Up
03:26
2 pages

List your variable expenses with your new understanding of allocated funds

03:01

The concepts that give your budget the flexibility to work in the real world: Food, Alcohol and Entertainment, allocation debt, and renegotiation

09:00

The concepts that prevent the sudden "shocks" that can blow up a budget. The "stuff happens" fund and the BS fund

06:40

We'll walk through the rule we have worked out that keep the BS fund fight free.

Section 2: Let's Fill Out the Budget!
Access Google Doc Budget Template
Article
14:09

Watch me work through the example and then fill out the blank sheet with your own Information. First you and your partner should do it this by yourselves. Then compare what you come up with so you can identify and discuss differences

Budget Maintenance - How to Update the Budget Over Time
06:15

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Instructor Biography

Scott Kane, Life Hacker

I think most would describe me as a fun loving, low key guy. I have a passion for learning new things, tackling new challenges and thinking about the future. My friends often ask me for advice on various things and I really enjoy explaining what I've learned to them. My hope is that I can help people change their lives with some of the things I have learned.

I have a bachelors and masters degree in mechanical engineering as well as an MBA from Georgia Tech. I've spent a great deal of time learning and understanding corporate budgeting and in my current job I analyse business plans and coach startups on how to succeed. Specifically, I work in the solar energy space, helping fund startups to try to make solar more affordable. I have taken the best of what I learned in my professional life and, with my wife's help, created the unique budget process we use to eliminate fights.

I plan to make several courses about biking to work, losing 50 lbs, buying a house, setting up an airbnb and other topics. My most recent learning hobby has been to build a 3d printer.

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