Communication Guidelines for the Family When Budgeting (1258)

Preventing and overcoming money problems takes honest and candid communication. It also takes time and effort. Be willing to arrange a specific time when all family members can talk about money. Meet on a regular basis instead of waiting until problems occur. Choose a location where you will not be interrupted.

Here are some suggestions for increasing the quality of communication about money matters in your family:

- First of all, recognize that whoever earns the money does not automatically earn the right to dictate how it should be spent. Family members need to make decisions about money as a team.

- Clearly identify the issue at hand. Do not drag other issues into the discussion that do not relate to the topic of concern. Allow each family member to freely state his or her wants, needs, and personal feelings about the family’s money management.

- Always listen carefully to other family members. If you do not understand what they are saying, ask questions until you do. Be willing to compromise and negotiate for a realistic settlement of differences. In many cases, family members must compromise.

Despite busy family schedules, plan to meet on a regular basis. Limit the meetings to 30 - 40 minutes, and be sure to include everyone in the discussion.

For more information on this subject, Please visit the College of Agricultural Sciences Publications Web site.

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