My Greatest Financial Mistake Part II
I wrote a piece last week about what I felt was the biggest financial mistake that I had ever made. The mistake was that I have not included my wife in the financial process to the extent that makes us a partnership. Now I know, realize, and acknowledge that this is not an easy proposition. However, the goal is to get input from your spouse, give a chance for your spouse to have conversation about options, etc. By one spouse making all of the decisions, the other spouse (whether by choice or control) is left out of the process.
There are three reasons why this is a problem.
First and most important, consider what says in Matthew 18:20.
For where two or three gather in my name, there am I with them
Now I am not saying that I am not planning the family finances and not praying about the decisions that need to be made. I am not saying that God is not answering my prayers. I am saying that the book of Matthew specifically points out when 2 or more gather in His name - He is there. It is the power that God can bring to a couple when both are present and in prayer. It is much more powerful than a one-on-one conversation with God. If it wasn't, that verse wouldn't exist. At least that is what strongly speaks to me.
Second, I consider some of the more bonehead moves that I have made with money. I wonder what kind of counsel I would have received from my wife had I included her? I wonder if things would have turned out differently? I might be well studied and researched with years of experience when it comes to advising on money. Yet, in financial decision making, there is a huge element of common sense that needs to be applied. I don't know about you but my wife has way more common sense than myself. Perhaps, she could have helped me look at things differently.
Finally, you are unintentionally creating a level of stress in your relationship that could be a problem down the road. There is one spouse that knows what is going on and there is another one that is in the dark. Now it might be good to be in that place of not knowing. After all, what you don't know won't hurt you. However, I would submit the number one creator of stress when it comes to finances is not knowing your situation. It adds up over time.