There are various things that can make your happy relationship turn sour. One of these things is money issue. It is true that a good number of marriages come to an end just because of serious money issues. If you are also having these issues, don’t let them cause a rift in your relationship. You should be extra careful when it comes to money. Make sure you know the right way of handling money issues. Bear in mind that your marriage is not divorce-proof and financial arguments can cause irrecoverable damage to your marriage. In fact, even a minor money issue could lead to more serious marital issues.
How Money Issues Can Affect Your Marriage?
According to most marriage counselors, couples who always argue about money are more likely to divorce. Marriages with money handling differences between couples do not last longer. In extreme cases, these issues lead to divorce. However, if you know how to handle money problems, you can build a stronger marriage with your spouse.
Discuss Family Finances
A Good way to avoid money issues in your marriage is to discuss family finances with your spouse. What most and wise couples do to avoid these issues is that they have and share a joint account to manage family finances. This is a good strategy because it eliminates ‘mine’ and ‘yours’ and introduces ‘ours’ into relationship. A very small percentage of married couples keep separate accounts. If you have good understanding with your partner, it is not bad to keep separate accounts. When you are discussing money issues with your spouse, talk about different options and choose what would be the best set-up for both of you.
Keep Each Others Spending In Check
Be responsible about the amount of money you spend and also make sure you keep your spouse’s spending in check. It is best to have a dedicated budget for family expenses in order to avoid fights over too much spending. Fights over too much spending from family budget are too common in marriages. It is important to note that men and women have different spending habits. In most homes, women take charge of daily expenses, such as grocery, utility bills, and clothes etc. While men usually take charge of other items like gadgets, cars and other electronic items. You should discuss it with your spouse that what you can manage and what they should manage. Also, always spend around your specified budget.
Tackling Debt Issues As a Married Couple
Your debt issues are not solely your headache. You and your spouse should take care of debt issues together. Keep emotions out of it. The number one reason why most couples have fights over debt issues is that one of the spouses become too emotional in dealing with each others debts. Bear in mind that you can’t make a good decision if you are too emotional. Also, avoid blaming your spouse for having more debt than you. It is best to work on a strategy to pay off your debts together.
Save Something For a Rainy Day
Most couples don’t save anything for emergencies due to which they have serious fights when there’s an emergency and they don’t have cash. You should keep something away for difficult times, even if you have a stable source of income. Never assume that you are financially safe and you don’t need to worry about emergencies. Those couples who don’t save something for a rainy day get panicked too easily and start blaming each other for the financial emergency. This is not a good attitude and it can cause only tension between you and your spouse. It is good to be prepared to face any kind of financial emergency. It can help you avoid getting panicked and stressed.
It is ok to have money issues, but make sure there’s nothing too serious about money that could cause a rift in your marriage. In most cases, money issues are not that hard to handle. If you know that right way of handling these issues, you can not only avoid money problems, but also you can avoid marital issues that can be triggered by money issues. Always discuss money issues with your partner and make sure nothing is left unheard or unspoken.