separates financial information into time periods for reporting purposes.

It’s common practice for individuals to divide up their life into three or more distinct time periods, e.g.


One of the benefits of this kind of approach is that it makes it easy to keep track of who’s doing what, and who’s doing what to whom. For example you might think that you’re doing something to your spouse, but you’re actually communicating with your doctor.

I think that separating your personal finances into time periods makes it easier to track your activities over time. Say, you start out doing X for a certain time period, and then you do Y, and then you stop doing X altogether, because its no longer useful to you. You could then write down your income and expenses and add them together to create a time period report.

I think the biggest downside to separating your finances into time periods is that you won’t have all your financial data on one screen. This is especially true for your spouse, who might not always be your financial advisor. I know for me, I would prefer to have all my financial information on one screen.

Separating your finances into time periods is one of the simplest ways to separate your income and expenses. It’s also one of the easiest to report to your spouse. It’s one thing to separate your spending and income in one screen, but it’s another to have your spouse have it all in one place.

Separating your finances into time periods is also important to report to your spouse because your spouse can then spend it before you. Some people may even spend more than they earn, which is a good way to remind the spouse that you are, in fact, spending less than you make.

I know this is a very simplistic example, but it goes to the point that when you separate your finances into time periods, you can more easily compare your spending and income reports. This is especially important for spouses, because if you don’t have a clear picture of how your spouse is actually spending your money, you can be tempted to spend less.

I can’t stress enough how important this is. I make it my business to watch how my husband spends his money, so I have no problem going in and changing a few things if it makes him more efficient. However, if I have to stop watching how he spends his money, I have a hard time stopping him. It’s one reason I work so hard to keep our finances in perfect alignment.

In addition, I also keep everything in separate time periods because I don’t want to be tempted to buy something that I have no idea how long it will take to pay for. For example, I rarely buy a car for myself, but when I buy a new car with my husband I know he will have to deal with the finance paperwork.

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