terisaclark

Financial wisdom from a woman of faith

Archive for the category “Marriage”

Big Hat No Cattle

I had lived in Texas for all of 2 months when I first heard the phrase “Big Hat No Cattle.”  I was in a Church Board meeting and one of our Elders responded to the situation at hand with the simple phrase – it’s just big hat, not cattle.  Meaning that the situation wasn’t what it appeared to be.  I left that business meeting and went home to read the “Texas Lingo” book that my former co-workers in New Mexico had given me as a going away gift.  That phrase turned out to give the wisdom needed in that situation and has continued to be a pillar of great wisdom in my life.

Country singer Randy Newman’s 1999 song by the same name gives his detailed explanation of what it means to have Big Hat, No Cattle.  Read more here.  Lies lies lies…

So when you think about money, what does it mean to live financial with a Big Hat, No Cattle?  I’d say it means that you are living a life of debt.  You look like you have a lot, but it’s not really yours.  You owe it all to someone else.  Maybe it is looking like everything is ok, but you’re really struggling.  Living paycheck to paycheck.

Having a big hat is not a bad thing…but we want you to have the cattle to go with it!  The peace of financial freedom.  The joy of being debt free.  So take that next step. Stop putting off to tomorrow what you need to change today.  Start a financial study.  Hire a Financial coach.  Do what it takes cowboy/cowgirl! You got this!  Saddle up.  We’re here cheering for you!

 

 

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Gray Divorce

Statistics are changing….financial stress is hitting the gray headed…and divorce too.

25% of U.S. divorces are couples over age 50.  It’s becoming such an epidemic that they’ve given it a name.  Gray divorce.   

Since when did being gray mean you were more at risk for divorce??  What happened to the 7 year itch?  When did the statistics change leaving those married 20+ years more at risk than the newly wed for divorce???

Maybe this has a lot to do with the growing debt that the Average American is carrying.  Or the HUGE student loan debts that people are leaving college with….taking decades to get paid off.

Bottom line – money stress is still the #1 reasons for divorce – with a whopping 57% of the couples citing it as the the primary reason for their divorce.

It’s real. It can happen to you.  It’s never too late.  And it’s never too early.  If you find yourself struggling – you are not alone.  May you sense wisdom and direction right now about where to start.  Join a Financial Peace University class in your area.  Contact a financial coach.  Phone a friend.  But do something now.

Your marriage is a gift from God.  It is worth fighting for!

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