Entrepreneur Life

The personal side of starting and running a business.

Anonymous on: Finances can be a huge stress, how do you and your spouse handle the ups and downs that being an entrepreneur can bring to finances?

We’ve been married 4 years and we started doing a family budget as soon as we got married. My wife is not a finance nerd (like me) so it was good for her to understand our retirement planning and we do a little budget meeting at the end of each month. The meeting really helps us see where we are spending money and talk about it so that we are on the same page. I don’t think we have had any fights about money except a decision to buy a house which I rushed too much. I’ve learned she needs a lot of time to wrap her mind around something, whereas for me it takes a few seconds and then I am ready to go for it. I think we make a good team 🙂

I am lucky in that I had a big exit right after we got married, so we haven’t had to deal with the ups and downs in a while. I am currently starting a new business so the ups and downs are more around time.