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Join our participants as they reduce debt and increase savings with the help of Summit financial coaches.

Moriah and Terrance's Journey:

Sharing is Caring

Last week we talked about the secrets of money savings and debt pay off. Although it is true there was no big secret that everyone outside of Project Money doesn’t know. There are ideas and tips to share, what worked for us, what hasn’t worked. Part of participating in Project Money was being willing and able to be open and share financial information with complete strangers, honestly.

In some ways it was easy. I can share that I use coupons.

In other ways it was hard for us. Admitting that we lived financially separate which can be challenging for a marriage.

I have shared before about a huge step we took to be money married. Having a joint checking account and each of us having a separate personal checking account. It seemed so simple. Yet we needed help to do it. We needed a third party to explain to both of us how all our pay should go into the joint account and then we each got an equal “allowance “ in our personal accounts. Terrance could buy his weekly comic books without me caring. I could go out for coffee with the girls without him caring. We could attack the debt and set goals for saving together as a united front.

It has felt so good! I have shared this one step with everyone who asks!

And then it happened. I had lunch with a girlfriend and she told me how awesome that advice was. Her and her husband just set up the same system for their finances. His, Her, and Us checking accounts! She said how good it felt!

That was awesome!


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