I moved out of my parent’s house when I was 19. Then over to another country when I was 21. When I moved this time, I received a monthly stipend for six years and my education was covered under the scholarship. Although my parents were very happy to be financially supportive, I had been quite stubborn to not ask for help. Once married, my partner and I have pretty much planned our finances together. I constantly am reading about personal finances and spent a good amount of time organizing my accounts. It has set a really good foundation for me and my family to plan our present and future.
There is no point in life would it not be a useful to be financially independent. Whether you are a stay at home mum or a full time worker or a breadwinner for the family, being financially sound is key to a strong foundation.
- Know your finances – Know how much money is coming in and what your expenses are like. Knowing things about your money solves 50 % of the problem right there.
- Have a say in financial matters – It doesn’t matter if you bring an income or not, talking with your partner regarding the finances of the family is very important. Financial clarity in the family is everything.
- Plan to be debt free and start investing for the future – Not only should you be planning your finances for your family together, but should also have a plan to go debt free and plan for the future.
- Bring an income – Depending on your situation do what’s best for you. But if you are able to, bringing in consistent income will add so many more opportunities to create the life that you want.
Being financially independent allows you to be prepared for tomorrow especially in the current situation where everything is changing so quickly. It is very high priority for me to independent not only financially but with everything. I am so grateful to have a partner to understands and supports this.