Anyone who’s been married for some time will agree that a lot of marriage problems are caused by money. Finances (and managing them in particular) can be a touchy subject for many couples.
A lack of money creates a very tense situation and this is an excellent catalyst for disagreements. Without a proper way of managing financial difficulties, this could cause serious damage to the relationship in the long run.
However, you can get around marriage problems related to money by developing the right habits and mindsets with your spouse.
There are a couple of basic important points to remember when dealing with such issues in your marriage. The first priority is to have a realistic budget sorted out.
Remember that economic instability is a given part of life, so the most that you can do is take control of your finances to protect yourselves from this threat.
Thus, you’ll need to sit down with your spouse and figure out how much you’re earning. This way, you’ll have a realistic picture of your combined income and make you think twice about spending on unnecessary items.
More importantly, having a definite figure of your earnings will help you optimize your income in a way that enables you to meet your financial obligations AND increase your savings.
Given today’s economic climate, it certainly wouldn’t hurt to be prepared in case money becomes tight in the coming months and years.
The next step in coming up with a financial plan is to note down all the things you need to pay for, whether it’s that soy latte you have on your work break or your monthly house payments.
Let’s face it, there are some things in your budget that you can live without – or minimize to some extent. Knowing how much you need to earn every month to pay for all of these things will help you figure this out.
Once you’ve made yourselves aware of these factors, you’ll naturally become more interested in streamlining your budget to make sure you can make ends meet while living comfortably at the same time.
Furthermore, you’ll also be motivated to keep better track of your expenses. For instance, you can keep a weekly and monthly log of all the things you spent on to make sure that you’re living within your means.
A lot of marriage problems related to money are triggered by the lack of this simple habit. It’s easy to get in over your heads if you carelessly spend without considering if you can afford it in the first place.
On another note, you should be realistic enough to make room in your budget for things like entertainment and shopping. We all have wants, so don’t forget to save a little something for each of you.
After all, we work to live (not the other way around) and you can’t expect to earn just for the sake of paying the bills. You also deserve the occasional treat to keep yourselves sane.
Given that most couples have different ideas on money management, it might not be that easy at first to map out a budget you can both agree on.
Nevertheless, it is vital to the survival of your marriage. Money may not be the most important factor in a relationship, but it’s your responsibility to assure your family’s quality of living.