Dave Ramsey

Dear Dave,

Does it matter whether it’s the husband or the wife who keeps the checkbook and pays the bills? Lots of people say that kind of thing is the man’s job, but I was curious about what you think.

Daniel

Dear Daniel,

I don’t think it matters one bit, and here’s why.

In each family there’s a nerd and a free spirit. The nerd is good at keeping track of things and putting everything in its place. The free spirit is just the opposite. They are not detail-oriented. Now, this doesn’t make them irresponsible or mean that they don’t care. It’s just that they aren’t blessed with a gift for administration. They want things to be good and right just as much as the nerd, but they don’t necessarily get a rush when the checkbook balances out.

Just because the nerd keeps the checkbook doesn’t mean he or she gets to make all the financial decisions, either. In a marriage, those decisions should be made together with input from both the husband and wife. Remember, God didn’t unite some kind of joint business venture. He made you as one – together. When you do a budget each month, you should both sit down and come to a mature, reasonable and respectful agreement on where the money’s going.

So, when it comes down to the act of keeping the checkbook, I think whoever is the more organized of the two should handle this duty. But if you include these other principles, you’ll experience more unity in your daily lives together and have better communication in your marriage!

—Dave

Dear Dave,

I just began a business with a friend as an LLC partnership. I know he’s honest and a hard worker, but I’m still a little scared that everything will fall apart and we’ll walk away mad at each other. We used a CPA to get a tax ID number and help us set up the company. Do you think we should pay a lawyer to help us map out the partnership agreement in writing?

Mike

Dear Mike,

Drawing up a written partnership agreement may be the only shot you’d have at walking away from this venture with your friendship still intact. But I don’t think you need to hand some lawyer a bunch of money to make it happen.


Dave Ramsey

Dave Ramsey is a personal money management expert, popular national radio personality and the author of three New York Times bestsellers.
 
TOWNHALL DAILY: Be the first to read Dave Ramsey column. Sign up today and receive Dave Ramsey and Townhall.com's daily lineup delivered each morning to your inbox.