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Shes the daughter ofmoney managementcelebrity Dave Ramsey and a certified financial coach.
Shes also a wife and a self-described free spirit … with a pretty strong tendency toward spending.
In a recent Instagrampost, Cruze discussed severalways to get on the same page about money with your spouse.
As she stated onX, formerly Twitter, A budget doesnt limit your freedom it gives you freedom!
Its you taking control, getting intentional, and telling your money what to do.
That goes for couples finances too.
Cruze and her husband add individual line items to their budget.
Each person can freely spend up to a certain amount without checking in with the other.
For Cruze, that personal spending cushion makes shared finances less stressful.
When I go to Target or Sephora or wherever, I can spend money.
I dont have to text him about every little thing.
It gives you freedom to spend, she said.
This is just a good boundary to have, and its helpful in conversations.
Balancing Communication and Freedom
Open communication is important when youre managing money as a couple.
Guidelines like an independent spending limit keep the line of communication open without burdening anyone.
Establishing Trust
Setting a spending limit requires and encourages trust between partners.
According to Fidelity, feeling left out offinancial decision makingis a major source of couples money stress.
The survey showed that more than 25% of partners resent being out of the financial loop.
Dollar limits set parameters for independent decision making and help partners trust that theyll be part of the process.
Money should be on that list especially if you frequently disagree.
Cruze said sharing opposing views on money can help you make better decisions.
Each person brings money management strengths and weaknesses to the table.
When you combine those strengths and weaknesses, you end up with a more balanced perspective.
Discussing those goals and the best way to reach them can result in a more well-rounded plan.
Theres no magic bullet for marital money bliss, but communication is the first step toward making things easier.
It helps you balance each other out and make more informed spending, earning, saving and investing decisions.
Money and marriage can be a tension point, but it doesnt have to be, Cruze said.
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