Last night, we held our first "official" Sykes Family Business Meeting. We plan to hold these quarterly. We call it a business meeting because that's exactly how we approach our finances. We are a partnership where we take all of the emotion out of it and just look at the facts.
(While Milo brings no income to the household, he still felt the need to participate in the meeting. He quickly became bored and fell asleep.)I made out an agenda yesterday afternoon so we didn't leave anything out. Our agenda went something like this:
- Account Balance Review
- Remaining 2011 Payments
- 2011 Goals
- 2012 Goals
- 2013 Goals
Our next meeting will be November/December. I really like this idea and hope we stick to it. These meetings will hopefully prevent us from talking about finances when we really don't need to. If there's something that needs addressing but can wait, we'll just add it to the next agenda and discuss it then.