Money problems in marriage are more common than you think. You might be surprised at how the smallest money issues can erupt into something so serious that they lead to divorce. However, that doesnt mean you have to suffer the same fate as well.
By learning about these money problems in marriage, youll be able to find a balance between marriage and money. Youll be able to avoid making the same mistakes or getting into the same arguments as many other couples do.
1) When one spends too much and another spends too little.
This is one of the toughest money problems in marriage to face. People who get married to each other dont necessarily have the same values. The best way to deal with this kind of issue is to compromise. How?
Say youre the one who spends more money than your partner and you end up buying clothes worth hundreds of dollars. If said clothes are really a necessity, tell your partner that they could just be their birthday gift to you. Its also important to let your partner have their way once in a while.
2) When one is constantly in debt and another nags too much.
Nagging rarely ever brings about the kind of results you want. But then again, debts dont really do much for your marriage either.
If youre already married to a person with a lot of debt, its time for a serious talk. Your partners debts will affect not only your life, but your children as well.
Help your partner erase his debts by working together on a time line. Make them understand the gravity of the situation and what both of you have to give up for a while. It wont help to have one give up on their hobby, while you go showing your money off in their face. Dealing with debt is a team effort.
3) When one does not share and another wants support.
One of the most common money problems in marriage is the sort of system couples have with money. Some couples like to merge their finances in one bank account. Others like to keep separate accounts. Why dont you talk and see which one works best for you?
However, if you cant come to an agreement, why dont you do it half and half? Sure, you can still have a joint account; but each of you can set up a separate account on the side. Get the best of both worlds.
Money problems in marriage are common, but they need not be responsible for ruining your marriage. There are ways to get around these money issues. Just remember that youre no longer single. You have a partner with whom you should be able to trust and compromise with.