1. Both husband and wife
Thrift
Do you know exactly how much your family spent last year for
Consumption
each and every category of product and service?
Exercise Spending habits Your spouse's orientation toward Investing
You're unlikely to accumulate wealth If you can't control your spending
New Node
Each and every expenditure each month Keep an accurate record of Good start
Significant factor in wealth scale
On each and every category How much their family spends Want to know exactly Clients with considerable wealth
Who is the tightwad in your household?
For each consumption categor Determine how much remains to be allocated Each month
Live well below their means
They refer to these statements
Contribute to planning well-thought-out annual budget
Compute their total expenditures for each category
At the end of each year Each year
Facilitates budgeting Can tell you how much their family spends
Using this statement Both For a variety of products and services
Making appropriations for the following year Habits The Millionaire Next Door - The Home Team -
Husband And Wife - Thomas Stanley Positive example Place a high priority on being financially independent
Planning
Communicate with each other about resource allocations
Budgeting Coordinated events
Their purchases Listed on one single statement each month
Consuming
Buying used motor vehicles.
Not paid for with their credit card Help facilitate the budgeting of items Have one joint checking account Neither objects to
Sending their children to public schools
Their budgeting system Basic to their controlled-consumption lifestyle
Ivan Staroversky - www.StarOverSky.com