Love is in the Air!

Love is in the Air!

Aw, love is in the air and allll over the internet. As you scroll through romantic overshares and bitter Valentine’s Day memes, remember that some things are best kept to yourself. Cash may be one of those things. More and more couples are starting to take the “his, hers and ours” approach to cash. Will it work for you?

Enjoy this day with your loved one, then set aside some time to sit down with your spouse or partner to review your budget. Identify what portion of your take-home pay can be allocated toward discretionary spending. Although it may seem like every last dollar is used to cover “needs,” the reality is that most of us spend 10-30% of our pay on wants (travel, dinners out, entertainment). From this discretionary pool, agree on an amount that you can each siphon off to your own checking accounts to spend as you please. This will provide both of you with the freedom to “do you” without feeling guilty or disrupting the family budget. Even better, it will allow for just enough secrecy to surprise (or be surprised!) with a great gift.

Prefer joint checking accounts? That’s okay too. Whatever approach you choose, keep these tips in mind for a financially healthy partnership:

  • Define shared goals and priorities
  • Touch base on your budget a few times a year to make sure you are staying on track with your shared plan
  • Be open and honest (no hiding purchases in your car!)
     

May your arguments be more about hogging the sheets and less about money!

The Sense
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We are moms, daughters, wives, sisters and friends. We’re also business owners, financial planners, investment advisors and lawyers. Like you, we are busy and we struggle to ... Click for full bio

Most Read IRIS Articles of the Week (March 20 - 24)

Most Read IRIS Articles of the Week (March 20 - 24)

Here’s a look at the Top 11 Most Viewed Articles of the Week on IRIS.xyz, March 20 - 24, 2017 


Click the headline to read the full article.  Enjoy!



1. Facing a Massive Menu of ETFs? 4 Steps for Smart Choices


In the world of ETFs, advisors face a similar challenge. Simply put, the menu of ETFs is massive. And while advisors used to debate only about the merits of active versus passive investing ... — Jillian DelSignore

2. 5 Reasons Not to Run From REITs During Rising Interest Rates


Here are five reasons why we believe simply shifting your strategy, but not running from REITs, may provide desired yield—even in the face of yet another rate hike ... — Salvatore Bruno

3. The Impact of Working with a Narcissist


There are different types of narcissists but handling them is always the same: be humble, don’t engage. — Tanya Beaudry

4. Advisors: How to Get Referred


Use these simple tips to establish and grow valuable relationships with Centers of Influence to have them recommend you to their best clients. — Paul Kingsman

5. Five Reasons Why You're Not Getting Referrals


​Are you getting enough qualified referrals from people within your network? Or are you relationship rich but referral poor? — James Pollard

6. Understanding ETF Liquidity and Trading


ETFs offer attractive features—access to a broad range of asset classes, sectors and styles in a liquid, transparent and cost-effective vehicle. But before using that vehicle, it’s helpful to understand how it works ... — ProShares

7. McMobile: Will McDonald’s Mobile Strategy Kill the Drive-thru?


While I personally won’t forsake my Starbucks ritual for McDonalds’ curbside delivery, I have to concede the prospect of having my breakfast provided to me as I pull up to a restaurant does sound appealing. — Joseph Michelli

8. Top Ten Strategies for Increasing Marketing ROI


So many leads, so little time. Your marketing strategy is generating so many qualified prospects and you can’t keep pace. It is an enviable position. — Elizabeth Harr​​​​​​​

9. Is the Trump Bump an Example of Irrational Exuberance?


The stock market continues to soar. The natural question is: How long can this go on? — Mark Germain​​​​​​​

10. Can Trump Follow Reagan's Playbook?


New presidents typically arrive in office with an economic agenda. In the case of Trump, the nature of his proposals has invited comparison with a variety of changes made under the first term of President Ronald Reagan in the 1980s. — Matthew F. Beaudry

11. Hope Is Fading for Robust Economic Growth


The hope for economic growth much beyond 2.0% looks to be deferred, as legislation appears to be bogging down and the Fed is reducing monetary support, clearly taking the path to interest rate normalization. — SNW Asset Management​​​​​​​

Douglas Heikkinen
Perspective
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IRIS Founder and Producer of Perspective—a personal look at the industry, and notables who share what they’ve learned, regretted, won, lost and what continues to ... Click for full bio