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Austin Colby

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Money + Marriage

Focus On Planning | The Lifeboat Drill

Placeholder ImageWhat happens if your financial world was turned upside down tomorrow? Are you prepared?

I often make clients sit down to run through what I call a “lifeboat drill.” Although not a fun exercise, it is a very practical and powerful one to practice NOW to bring you peace LATER.

It works simply like this: What exactly do/does I/my spouse do in the event of the other’s death? Continue reading “Focus On Planning | The Lifeboat Drill”

Focus On The Future | Choose Your Words Wisely.

img_5809Children are smart. Kids grasp concepts and teachings extremely well when being taught on a one-to-one level.  Probably most amazing is to see what they pick up even when you aren’t necessarily trying to teach them something.  They never stop watching and learning. Continue reading “Focus On The Future | Choose Your Words Wisely.”

Financially Faithful | “Tell Me More About That”

img_1860Guess what: we are all emotional about money!   It isn’t a man/woman, young/old, rich/poor thing; it is a human nature thing. Pretending like we aren’t emotional–and pretending that those emotions don’t affect our financial behaviors–is a dangerous habit.

Continue reading “Financially Faithful | “Tell Me More About That””

Financial Fitness | Know Your G.S.S.

IMG_2278.JPGLet’s keep it simple with budgeting for a minute. Budgeting can be overwhelming, but that is NOT an excuse to ignore it.

G. S. S. =  Give. Save. Spend. Continue reading “Financial Fitness | Know Your G.S.S.”

Financially Faithful | Why You Absolutely Must Agree On A Budget.

My wife and I have been married 11 years and have always agreed 100% on every dollar we have spent. And I’ve never told a lie. Unfortunately, both of those statements are ludicrous.

Through my 15 years as a professional advisor and the decade or so of financial counseling I’ve provided through church organizations, I have come across just a small handful of couples that actually agree on the dollar-for-dollar budget. If it was easy, everyone would do it. The fact that “financial troubles” are listed as the top reason for divorce every single year, it clearly isn’t easy. Continue reading “Financially Faithful | Why You Absolutely Must Agree On A Budget.”

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