When it comes to communication regarding the family’s finances, assigning roles within the marriage can help lead to success and clarity. This can be a great opportunity to utilize each other’s strengths in a positive manner. One spouse may be more analytical, while the other spouse may be more of a ‘big picture thinker’. In this instance, the analytical spouse can be in charge of the family bookkeeping and bill paying, while the big picture thinker can focus on clearly laying out the family’s financial goals.
The biggest key is to make sure that each spouse is on the same page, and that both parties have a process to accomplish their tasks. Consistent finance meetings are an important part of this process.