This contains setting clear monetary targets, making a finances, and brazenly communicating about finances to ensure a clean blending course of. In any relationship, open and sincere communication about finances is essential for building belief and making certain a stable monetary foundation. However, in relation to blended families, these discussions turn out to be even more essential.
The info contained in this communication is supplied for general informational functions only, and shouldn’t be construed as funding or tax advice. Nothing in this communication ought to be construed as a solicitation or offer, or advice, to buy or promote any security. As you get ready to save and make investments together with your partner, we have some tips that will assist you get started. This listing isn’t exhaustive (there’s so much to say on this subject!), but it’s a great place to start. Try your best to grasp and respect your associate’s financial priorities, even when they differ from your own.
Brynne Conroy, author of The Feminist Financial Handbook, notes that having separate accounts makes things easier should you finally break up up. “We can’t ignore the truth that divorce rates have hovered around 50% for the previous 40 years, and we insure towards issues which are far less frequent,” Conroy says. With all three accounts at one financial institution, you and your associate can simply transfer funds and even connect the accounts so you will get a clear image of your overall financial situation.
You can have family meetings where you presumably can clarify the state of affairs to the youngsters and hold issues informal so that children sit up for such meetings. Blended families could face delicate conversations about what happens to property if one thing sudden occurs. Plus, there is a chance that one or both parties may convey monetary obligations and debts with them. This will allow you to put in writing what you want to occur to your property.
“Money is still a kind of things that is a really huge source of potential conflict and frustration in a relationship,” said Reddy-Heffner. “For each parties, it’s important to really have an sincere conversation about what’s reasonably priced.” Talking a few monetary “sin” brazenly and truthfully is much better than your important other finding about the transgression in one other way.
The excellent news is that similar to separate financial institution accounts, prenuptial agreements are on the rise. It’s important to know who’s liable for what in the realm of money administration. Couple cash management is all about group and building belief. Let your companion learn about your present monetary standing, your debt, and the monetary responsibilities that you must deal with on a month-to-month basis. Your credit historical past, savings, and your money objectives for the long run must also be mentioned.
Remember, looking for professional help isn’t an indication of weak point however somewhat a proactive step in course of building a stronger and healthier relationship. Consider their qualifications, expertise, and monitor report in serving to couples overcome monetary challenges. A counselor who has a deep understanding of the emotional and psychological elements of money can present valuable steering in addressing the underlying issues that contribute to financial stress. Financial marriage counselors are educated professionals who focus on helping couples navigate the complexities of cash management inside a relationship. They can provide priceless insights, instruments, and strategies to improve communication, resolve conflicts, and set up a solid basis for financial stability and harmony. Debt management is not only about paying off what you owe; it’s additionally about understanding the foundation causes of your debt and making lifestyle adjustments to stop it from happening again.
Participants had been 516 American adults recruited by Qualtrics, an expert panel firm. We targeted adults between the ages of 30 and 50 years to ensure that the study individuals would have meaningful amounts of expertise managing their private finances. Participants accomplished a web-based consent type earlier than coming into the research.
Let’s stroll by way of this delicate topic together, gaining insights from Scripture and seasoned believers that can assist you method monetary issues in a way that nurtures your relationship and honors God. We argue that healthy relationships are built partly on shared values … and cash touches lots of totally different values you’ll be exploring. Simply put, it’s a revealing part of the getting-to-know-you process. Finances can be a source of stress and conflict in marriage, however by following a biblical strategy, husband and wife can experience monetary peace and unity. The Bible provides a transparent framework for accountable stewardship, prioritizing giving, saving, and avoiding debt.
One of the keys to successful financial management as a pair is efficient communication. Building sturdy communication expertise will help you navigate disagreements, set significant financial targets, and stay united in your monetary journey. In conclusion, financial marriage counseling is a robust device that may rework your relationship with money and strengthen your bond as a pair. It offers a protected and supportive surroundings for you and your associate to discover your monetary dynamics, tackle any challenges, and create a stable financial foundation on your future together. Financial counseling can provide you and your associate with the tools and knowledge essential to navigate the customarily complicated world of private finance.
It includes budgeting, saving, investing and planning for the longer term. For those in restoration, monetary wellness is about regaining control over our financial life and growing wholesome money habits. International couples face unique monetary challenges, but with cautious planning, open communication, and a willingness to adapt, they are often efficiently managed. For long-distance couples, these strategies provide a roadmap for a secure future. They may even assist you to strengthen your relationship whereas guaranteeing financial concord. Start by discussing your differences and identifying areas where your personalities complement every other’s to make wiser financial selections as a couple.
These households have been termed “Female Led Households,” and so they symbolize a new wave of progressive household constructions. This article explores the advantages of having a female led family, with real-life examples and success stories to help this declare. Figuring out if he/we could afford it meant asking some massive questions, similar to whether or not he could nonetheless wait till age 70 to tap Social Security.
Lack of financial literacy has left millennials—the largest share of the American workforce—unprepared for a extreme monetary disaster, according to research by the TIAA Institute. Even amongst those who reported having a excessive data of non-public finance, only 19% answered questions about basic financial ideas correctly. Financial merchandise such as mortgages, scholar loans, medical well being insurance, and self-directed investment accounts have grown in importance. It’s additionally necessary to know which investment vehicles are greatest to make use of when saving for a financial goal like buying a home or for retirement. The vary of skills that fall underneath the umbrella of financial literacy contains household budgeting, managing debt, evaluating financial merchandise, choosing investments, and more. Rightly or wrongly, experiencing financial issues can cause you to feel like a failure and impact your self-esteem.
Moreover, financial transparency is crucial in relationship building as it promotes a basis of belief and equality. Transparency signifies that each partners have a clear understanding of their financial situation, permitting for joint choice making and mutual respect. It helps avoid misunderstandings and allows couples to work together in the path of shared goals, thus enhancing the overall health of the connection.
Though instances have modified and youthful generations seem to be much less prone to completely mix finances, any level of merging finances shouldn’t be taken frivolously. It includes extra than just opening a joint checking account – it’s about constructing belief and maintaining open communication. Managing money with a companion is a giant step in your relationship and a critical choice. It requires belief, shared goals, and a commitment to your relationship. Every step of dealing with your monetary state of affairs together brings you both nearer to the longer term you both dream of.
Whether it’s you or your partner who retains blowing your finances and having to borrow cash each month to meet expenses and/or dwelling costs, have a constructive conversation about it. Each associate can handle their very own finances and have the liberty to spend or save as they need. Joint accounts require extra coordination and compromise when it comes to spending decisions. When discussing money matters, make sure to actively hearken to your partner’s perspective. Show empathy and understanding, even should you don’t initially agree.
To obtain this goal, it requires ongoing dialogue between members of the family about expectations and obligations inside the household. We hope this article has make clear the advantages of a female led family by showcasing real-life examples and success stories. It is important to recognize the advantages of a female led household as a end result of it challenges conventional gender roles that often result in unequal energy dynamics. By acknowledging that girls can successfully lead households, we open up alternatives for ladies to take on leadership positions each in their homes and in society as a complete.
Instead, give your self permission to grieve your mother and father and your marriage, reorganize your life, and begin contemporary. Your associate shouldn’t feel that they’ve lost financial management on this relationship. Leaving them out of a major monetary decision may lead your marriage to trouble. Discuss everything and just ensure you each talk about it openly. Taking out joint loans with excessive interest rates can put unnecessary strain in your funds and limit your individual monetary independence in marriage. You can discuss some rules and major rules of managing separate accounts upfront.
Encouraging particular person financial independence might help cut back tension and foster a sense of autonomy within the relationship. It is important to strike a steadiness between joint and particular person funds. Blended families typically have distinctive monetary objectives that contain providing for kids from previous relationships, saving for future education bills, or planning for retirement. By discussing and aligning these goals, couples can create a shared financial vision. When beginning these conversations, both spouses ought to strategy them with a mindset of understanding and empathy.
Partial F-tests have been used to evaluate the incremental prediction of the general models throughout Steps 1 and a couple of. In the unstandardized models, each predictor was group-mean centered so that the intercept could be interpreted as the unstandardized worth of the end result on the mean of all predictors. The VIFs for every predictor in the models have been checked and problematic multicollinearity was not found, nor did we discover proof of heteroscedasticity within the mannequin residual plots. The outcomes of these regression analyses are summarized in Table 10.
She created a budget that prioritized saving and decreasing pointless bills. As a result, the family was capable of repay debts and build an emergency fund, which provided them with peace of mind and security. The Johnson household is a major example of the ability of feminine led financial management. Mrs. Johnson, a successful businesswoman, took charge of managing the family funds and made important changes to enhance the family’s monetary stability. In the Bible, there are many accounts of God providing for those in need.
If one companion has considerably more property than the opposite, it’s value contemplating a prenup agreement for cover. During this conversation, let your partner know that you love them and the relationship ending is the last thing you want. Having a blueprint is important, although we never realistically expect it to happen. A partner isn’t only a roommate; you should determine logistics and plan as a family for shared targets and a very good credit standing.
Oak Capital Advisors may help you navigate the complexities of mixing or separating finances in a relationship. To start your monetary planning journey, please schedule a call right here. Shared money owed are liabilities that either or both spouses incur during a marriage, they usually can considerably impact the monetary settlement in a divorce. The courtroom might think about several factors when dividing liabilities, together with every party’s income and incomes potential, the length of the wedding, and the flexibility of each party to repay the debt. Thus, it’s important to have a transparent understanding of every other’s credit history and any excellent debts before making the leap to mix finances.
Educational psychologist and life coach Tshepiso Matentjie explores practical strategies for managing cash together. Couples can start teaching children about money when they’re younger. Preparing them for a financially accountable future reduces the chances that they will dip into your pockets as adults and knock your financial savings plan off track. Use allowances and targets to teach youngsters about earning, saving, and spending cash. Bankrate.com offers a helpful overview of the pros and cons of both joint and separate bank accounts for couples. By knowing every other’s credit scores and the major points of consumer debts, couples could make informed decisions on managing their funds jointly.
It wouldn’t be honest for one of you to be dwelling the excessive life while watching your partner financially wrestle. Another methodology would be pooling all of your money collectively to pay for your joint living prices and fairly distributing leisure cash. If talking about money feels uncomfortable, think about starting with a cash date. Perhaps you’ll have already got some monetary agenda items to debate, but when not, consider beginning together with your financial historical past and attitudes about money you every bring into the relationship. Making monetary decisions as a pair entails more than simply dollars and cents. A financial advisor may help you propose for retirement by calculating how a lot you need to save, recommending funding strategies, and projecting your future income wants.
Even if the merging families are from the identical background, mother and father could have different philosophies regarding allowances, chores, and saving strategies. Furthermore, as a single father or mother, you might have gotten used to creating financial selections with out consulting anybody. You could determine to divide the bills in a method that is proportionate to your incomes.
She beforehand worked as a staff writer for Kiplinger.com, focusing primarily on savings accounts and banking. In addition, she has freelanced for Bankrate, covering topics associated to bank cards. Erin combines her private experiences with thorough research and is committed to sharing valuable private finance recommendation with others.
Whether it’s good or unhealthy experiences, the past shapes us to who we are right now. Personally, having gone via the rough stuff of relationships before assembly my spouse, has made me recognize the great issues I have present in her. I’ve typically mentioned, if we didn’t have our pasts we could have by no means shaped this superb current we have together. • Financing your associate to begin a enterprise without guaranteeing that they have the monetary intelligence and the emotional intelligence to study and walk on the same time.
One of the challenges faced by blended households is navigating the complexities of taxes. Determining whether to file joint tax returns or separate returns is dependent upon the distinctive circumstances of each family. It is crucial for blended households to grasp the tax implications of their monetary conditions, notably concerning baby dependents and alimony payments. Effective tax planning may help be certain that the family maximizes their financial advantages while complying with tax legal guidelines. Next, we’ll discover the significance of open and honest monetary discussions within blended households. Effective communication about revenue, bills, and monetary targets lays the groundwork for successful cash management in the blended household context.
Delegate duties when managing blended household bills; you ought to be good. Furthermore, as the youngsters get older, household and finances will must be up to date. Allocate these bills fairly by considering every person’s wage.
Relationship status aside, ladies who work with a financial skilled saw enhancements of their financial well-being, with over 90% saving for retirement and 72% making a financial plan for the longer term. In comparability, among women not working with a monetary expert, solely 64% are saving for retirement, and just 16% have a written financial plan. Yet despite the benefits of working with a monetary skilled, only one in five women (20%) turn to a monetary professional for assist.
For example, you might find communication breakdowns after clients make a purchase, leaving them feeling unsupported or disengaged with the model. The partner earning less may have to regulate their life-style or could feel guilty about not having the flexibility to contribute to a more luxurious way of living. A research by the National Library of Medicine signifies that monetary disagreements are stronger predictors of divorce in comparability with different common conflict topics. When one associate makes more money, it can influence dynamics and decision-making processes.
You could make your emergency fund money be excellent for you by leveraging a high-yield savings or cash market account, both of which supply higher rates of interest than a conventional savings account. Once you’re on the identical page regarding your day by day finances and the ins-and-outs of sharing expenses, you presumably can tackle your financial targets. This may embrace particular person targets you might have, like paying for larger education or changing careers, in addition to joint targets like saving for a vacation or a down fee on a home.
Blended families, comprising individuals from earlier relationships, convey together completely different financial histories, duties, and goals. To successfully handle blended family funds, it’s essential to start out with open and honest discussions. Shared funds can create a way of unity and shared duty, constructing transparency and belief. This collaborative strategy permits couples to work collectively while attaining financial stability. When you may have somebody to depend on and pool resources with, it may possibly improve your cash scenario and help you feel supported in every monetary decision.
Conventional advice says to not share any cash or combine funds until you may be legally married (or have a home partnership/common legislation marriage). That being said, some couples delay marriage or choose never to get married, and might benefit tremendously by combining their funds. This strategy is completely customized, and usually allows partners to contribute in proportion to their earnings.
Future analysis might explore the long-term results of financial literacy, mental budgeting, and self-control on financial well-being. Assessing the sustainability and durability of these results over time could make clear the long-term benefits of cultivating these expertise and behaviors. Investigating the effectiveness of interventions aimed toward improving monetary literacy, psychological budgeting, and self-control might present priceless insights. Exploring the position of cultural and contextual components within the relationships of interest could offer useful insights. Different cultures and socio-economic contexts could affect the influence of monetary literacy, mental budgeting, self-control, and investment decision-making habits on monetary well-being. Examining these components would enable for a extra nuanced understanding of how these relationships manifest throughout various populations.
Latimer’s focus is on empowering individuals to be informed and conscious of their well being and well-being, which incorporates growing entry to care. She has been featured in dozens of media retailers and is a coauthor of the youngsters’s guide sequence Poofas, which helps youngsters understand their emotions and develop positive vanity and self-talk. If you don’t see eye-to-eye on funds, however plan to get married, consider a prenuptial agreement that outlines whether or not or not you’ll merge your money and how issues shall be cut up in the case of a divorce.
I additionally suggest studying how marital property law works in your state. So even when you don’t know your partner has racked up a big bank card balance when you are married, you’ll nonetheless be on the hook to ensure it got paid in full. This type of dialog may help you determine how you’re related and, inevitably, how you might be different—crucial data for determining tips on how to troubleshoot possible conflicts round cash. Doing this sooner somewhat than later can ensure you’re on similar page about your financial future as a pair. The end of a wedding usually marks the beginning of a major life transition – one which will raise new questions on id, family, and the future of your relationships.
For example, if both spouses have joint custody of their youngsters, they could need to decide which parent will claim the kid as a dependent for tax purposes. This decision can impact eligibility for tax credits and deductions related to dependents, such because the Child Tax Credit and the Child and Dependent Care Credit. Having one individual in command of finances puts a wedge in that concept. Creating a harmonious marriage means preserving you each on the same page and feeling such as you each have a say in the finances. No one is left in the useless of night, and nobody seems like all the responsibility falls on their shoulders. On the opposite hand, your partner might have grown up in a household where money wasn’t a big deal.
Mastering money management is essential for gaining management over your company’s monetary position. It additionally signifies that I can do issues like link up my bank account with the budgeting apps I use with out having to consider my wife’s spending. When you perceive the way to handle your money, you presumably can rise from monetary challenges.
Couples should work collectively to keep away from debt and make sensible financial selections to make sure they do not seem to be financially enslaved. It teaches us how to handle money wisely, the method to build a strong marriage, and the way to ensure that these two very important elements are balanced in a means that honors God. Through the pages of Scripture, we’re shown tips on how to handle financial difficulties, keep away from monetary temptations, and construct a marriage primarily based on religion, trust, and love, rather than materialism or selfishness. In their guide, Chris and Marlow purpose to point out other couples how they will work collectively to allow both their funds and relationship to flourish.
Whether it’s for a down cost on a home, a dream trip, or retirement, having particular financial savings objectives will present you with a transparent goal to work in direction of. Furthermore, Archuleta and colleagues (2011) identified that individuals who reported larger satisfaction with their monetary scenario also reported larger relationship satisfaction. This means that financial satisfaction serves as a buffer against stress and helps keep relationship quality, especially during difficult times.
Avoid impulsive purchases by creating a buying list and sticking to it. Practice delayed gratification by ready 24 hours earlier than making non-essential purchases. These habits may help curb pointless spending and foster discipline.
The comparatively new field of economic therapy can help you deal with your cash demons and take cost of your finances. If you need help navigating the process, you can also consult a family lawyer to discuss your situation and guarantee the needs of every family member is being met. So, it’s greatest to have a candid dialog that explains your new household’s guidelines and expectations for all features of your own home. By going through this dialogue head-on, you can guarantee all property will go to the intended beneficiary. And permit your family to grieve and course of as a substitute of focusing on settling your property.
However, when issues are left unspoken, it can typically result in frustration. If couples avoid conversations about cash, doubts and insecurities can creep in. One associate would possibly start worrying about whether the opposite is overspending, hiding money, or making financial choices that would impact them each.
So when you’re at your wits end with how to talk about finances along with your partner, create a budget! This includes bills corresponding to rent or mortgage, utilities, groceries, and discretionary spending such as entertainment or dining out. During these check-ins, evaluate your finances, assess your spending habits, and discuss upcoming bills or monetary modifications. This can additionally be an excellent time to revisit your monetary targets and see if any adjustments are wanted.
An ideal pay schedule coincides with when you may have cash coming in and allows you to pay your staff as frequent as possible. When staff can receives a commission quickly after they earn it, whether it’s weekly or instantly, they can make extra informed financial choices. Once you might have a deal with on costs and margins, you can leverage a variety of financial companies and instruments to manage your small business funds and cash flow with enterprise banking. Evaluate your buy, legal responsibility, credit score, and interest wants when considering utilizing a business debit or bank card. Our medical and medical specialists, ranging from licensed therapists and counselors to psychiatric nurse practitioners, creator our content material, in partnership with our editorial group. In addition, we only use authoritative, trusted, and current sources.
Embracing monetary transparency can result in more profound understanding, minimized conflicts, and a unified method to tackling life’s challenges. Many couples underestimate the importance of economic transparency. They may brush off minor overspending or debt hiding as inconsequential, but over time, these small secrets and techniques can snowball into major issues.
Whether you’ll be married quickly, a newlywed couple, or have been in a relationship for years, it’s necessary to talk to your associate about funds. I’ve received 12 methods that will help you decrease your monetary stress and begin feeling peace and empowerment. There’s no rule stating married couples have to buy a home, begin a household, or go on a trip to Paris during their first year of marriage. Get your cash in order now in order that later you could make your desires a actuality. While persona variations trigger some marital issues, it isn’t the actual root of your money and marriage issues.
Another examine 51 looked at the connections between three,121 clients of a financial consulting firm’s monetary exercise, financial well-being, and well being. Due to their advanced age and excessive degree of vulnerability, retirees place a excessive precedence on their monetary well-being. They would possibly expertise bodily or mental health effects from certain monetary stress. Such effects might be caused by cognitive biases, issues with self-control, family, financial, and institutional components. However, another research 53 found that students’ perceptions of their financial well-being had been considerably influenced by their financial literacy.
Now that you simply perceive the importance of financial administration and marriage counseling, let’s discover some key monetary points that are important to deal with as a couple. In this guide, Price, who was a practicing financial advisor for over 20 years, goals to assist couples who can not appear to stop arguing over finances. Price can also be the CEO and founding father of the Money Coaching Institute, which supplies money teaching services and training to individuals, couples and households. As you focus on approaches, contemplate the way you each spend and tips on how to steadiness privacy versus transparency.
How do your beliefs about money lead to emotional patterns in relation to spending and saving? We focus on many intimate details of our lives with family and friends, but discussing finances is somehow taboo. We can really feel left at midnight when it comes to figuring out the way to handle cash – as if we haven’t been let in on some special secret. It worked for us, however for couples beginning out with an enormous mismatch, it can make sense to pay proportionately. If one person’s earnings is substantial sufficient, they could graciously decide up all the housing bills, meals, utilities, journeys, dinners out, and the price of the well being membership or home cleaner.
It has been established that this conduct has a positive affect on monetary well-being 83. Moreover, monetary well-being is directly and not directly related to financial conduct 83. Financial habits is the result of putting expectations and values into motion, and it’s the hyperlink between expectations and monetary well-being. Hence, higher monetary habits interprets to better monetary well-being. Many research have documented the strain that working ladies really feel juggling their jobs whereas having to maintain up with their regular chores at house.
When two people with different views about dealing with their financial state of affairs come together, establishing common floor can appear tough. Most couples face this challenge while making monetary choices together. Hence, whether you might be newlywed or have been married for a really lengthy time, having clear financial objectives goes a great distance in securing your future. Initiate honest conversations about every other’s views and behaviours concerning money. Discuss how previous experiences and challenges have influenced your attitudes in path of cash. This understanding can provide useful insights into your partner’s monetary values.
For example, organizations just like the National Foundation give attention to providing monetary counseling to people fighting dependancy by masking partial or full costs of therapy providers. Embarking on the journey of habit restoration can be life-changing, nevertheless it also comes with its personal set of challenges, notably when it comes to managing financial responsibilities. According to Relationships Australia’s research, monetary stress is among the prime causes of relationship breakdown. When it involves relationships and finances, boundaries are essential. “Combining funds is a alternative and not a requirement of being in a relationship. You should do what works for you and your partner and/or family,” says Saltnes.
Taylor is a Certified Financial Planner®, syndicated columnist, founder of 11 Financial, and frequent contributor to retailers like Forbes, CNN, and Yahoo Finance. Together, they’ve built companies, raised three kids, traveled to all 50 states, and now spend their days serving to couples find connection, purpose, and peace in their marriage and money. Transparency means being sincere about your spending habits and discussing them with your partner. It is important to notice that transparency doesn’t imply giving up your monetary independence. It’s essential to remember that compromise is at all times going to play a job when it comes to marriage finances.
Addressing monetary infidelity and rebuilding belief requires a concerted effort from each companions. The companion who has dedicated financial infidelity must absolutely admit their actions and accept duty. This acknowledgment is crucial for healing and sets the stage for rebuilding belief.
Regardless of whether you select to split expenses proportionally, straight down the center, or maintain them entirely separate, it’s important for both parties to really feel empowered. If you’re contemplating taking your relationship to the subsequent level (financially speaking), learn this primary. If sufferers supplied knowledgeable written consent to have knowledge from their medical data utilized in research, please embody this info. Several research have proven that financial literacy and self-control are vital determinants of monetary behavior and monetary well-being. Research has discovered that financial literacy has a significant direct impact on monetary well-being, and it affects monetary well-being via financial habits 84.
We are referred to as to be good stewards of the sources God has given us, managing them correctly for His Kingdom. But we should also keep in mind that all our assets come from God, and we are accountable to Him for the way we use them. Hard work can not only result in monetary rewards however can even foster a way of accountability and self-discipline. By working onerous, we can take possession of our funds, acknowledge the value of resources, and manage them effectively.
When we use funds to bless our personal lives without adequately providing for our children, we’re not honoring God. Looking at the money your ex-spouse offers as your money and not God’s will result in a bunch of issues, together with broken relationships with both your ex-spouse and your youngsters. Approach the topic with sensitivity and respect for each other’s views and feelings.
If you’re feeling like you need it, don’t hesitate to hunt assist from a monetary advisor, financial coach, or monetary planner. They may help you communicate with creditors, create and implement a budget, plan for retirement or make investments. However, a proven approach to fight stress and fear is by taking action. In this case, it’s gaining the abilities and data to manage your spending, saving, and investing.
I use a grid system and up to now had a “mock calendar” carried out up to be a little more visual. You need to know what’s coming in and out of that account and when. Timing is commonly missed however it’s probably the most essential a part of making a money system. I don’t see any harm in this as long as it’s mutually agreed upon. This is an individual who finds cash to be beneath them and getting right into a cash conversation goes to be a challenge. “Marriage is a union of love, but it’s additionally an financial association,” Francis stated, “and we do not take into consideration the money part until there are issues and problems.”