NEW CASTLE —
Dear Dave: Does it matter whether it’s the husband or the wife who keeps the checkbook and pays the bills? Lots of people say that kind of thing is the man’s job, but I was curious about what you think. — Daniel
Dear Daniel: I don’t think it matters one bit, and here’s why. In each family there’s a nerd and a free spirit. The nerd is good at keeping track of things and putting everything in its place. The free spirit is just the opposite. They are not detail-oriented. Now, this doesn’t make them irresponsible or mean that they don’t care. It’s just that they aren’t blessed with a gift for administration. They want things to be good and right just as much as the nerd, but they don’t necessarily get a rush when the checkbook balances out. Just because the nerd keeps the checkbook doesn’t mean he or she gets to make all the financial decisions, either. In a marriage, those decisions should be made together with input from both the husband and wife. Remember, God didn’t unite some kind of joint business venture. He made you as one — together. When you do a budget each month, you should both sit down and come to a mature, reasonable and respectful agreement on where the money’s going. So, when it comes down to the act of keeping the checkbook, I think whoever is the more organized of the two should handle this duty. But if you include these other principles, you’ll experience more unity in your daily lives together and have better communication in your marriage! — Dave
Dear Dave: I just began a business with a friend as an LLC partnership. I know he’s honest and a hard worker, but I’m still a little scared that everything will fall apart and we’ll walk away mad at each other. We used a CPA to get a tax ID number and help us set up the company. Do you think we should pay a lawyer to help us map out the partnership agreement in writing? — Mike
Dear Mike: Drawing up a written partnership agreement may be the only shot you’d have at walking away from this venture with your friendship still intact. But I don’t think you need to hand some lawyer a bunch of money to make it happen. Chances are, your new business doesn’t need that level of detail. All you need is someone to help you draw up a template that answers all the “what if” questions. This template can be as simple as a list of all the things that could go wrong and the answers to those scenarios. These would be things like death, disability, moral failure, bankruptcy, etc., and what happens if any of these occur. You know, there are hardly ever problems in a business venture when everyone’s happy and making piles of money. But it can get rough if you begin to disagree over the direction the company is taking. Or, what if personal issues make you decide you don’t want to be in business with the other person anymore? It’s easy to go all pie-in-the-sky over these things, but you have to make plans for any and all of the worst outcomes, too. — Dave
(For more financial advice please visit daveramsey.com.)
Columns
Related Photos
-
For years Dave Ramsey has been the host of the popular ‘Dave Ramsey Show’ on radio stations across the nation. Now, his financial advice column is carried by more than 300 publications. It will appear each Friday on The News website.
Discussion
Dave Ramsey: Unity is the key in money and marriage
- Columns
-
-
John K. Manna: A look back a big wins, tiny turnout in primary
Years from now few people, if any, will remember Tuesday’s primary in Lawrence County. The few probably will not remember that only 9,291 registered voters turned out at the polls. It wasn’t the lowest turnout over the last 25 years or so.
-
Culinary Conversation: No sour grapes — just all things lemon
The makers of a lemonade mix have one intention for their consumers — add water and enjoy. Those fine people may be interested to know I found another use for the canister.
-
Lori Brothers: Body awareness can help manage stress
Are you an “inny” or an “outy”? I’m not referring to your belly button, even though the concept also applies there. I am talking about how you manage your stress. Do you internalize or externalize?
-
Mitchel Olszak: Snooping threat to the free press
In “All the President’s Men,” reporter Bob Woodward conducts late-night meetings with a source in a parking garage. That source, Deep Throat (later revealed to be high-ranking FBI official Mark Felt), was worried that he would be exposed as a tipster in the Watergate scandal.
-
Culinary Conversation: A day in France— or close to it
Here’s some advice: If your spouse packs your lunch, never complain about the contents. I wasn’t actually griping. I just noted that it lacked excitement. The response from spouse was — our kitchen isn’t the Ritz Carlton.
-
John K. Manna: Data shows decline in number of primary voters
Voter participation isn’t what it used to be. That’s nothing new, but there has been a significant drop in voting here in Lawrence County. And it’s happened suddenly, particularly in the so-called “off-year” elections.
-
Dave Ramsey: Avoid college loans if you can
“Dave Says" is a weekly column featuring financial advice from nationally syndicated radio host Dave Ramsey. His column is filled with timely, relevant questions and answers taken from actual letters and calls on Ramsey's radio program, “The Dave Ramsey Show.”
-
John K. Manna: New legislative districts give advantage to local lawmakers
We finally have a map, and area state legislators have to be gushing with joy. The map, which reshapes state House and Senate districts in Pennsylvania, gained the approval of the state Supreme Court this week.
-
Mitchel Olszak: Toomey takes a chance on guns
How does a conservative Republican senator representing a state with a Democratic majority protect himself politically? One way is to take positions that tend to straddle the nation’s ideological fence.
-
John K. Manna: Shortfall in state tax collections means painful decisions lie ahead
I don’t deny that there are really smart people in Harrisburg who deal with the state’s budget and taxes. But I have to wonder what any of them — including the governor — think when it comes to taxes.
- More Columns Headlines
-
