Married people know that money is one of the main reasons why it is discussed at home. This situation can range from entertaining dialogues to the most acute lawsuits.
It does not matter if a couple lives with enough to cover their expenses or if they have more money than they can handle, they will still experience disagreements about the money at some point.
There may be some important financial stresses in the marriage, but if you have the right solutions, you can avoid conflicts and a possible breakup.
Money should not affect love, but one thing can lead to another if you do not know how to take home finances properly.
Buy less expensive personal items
Have you ever discussed how much you spend on electronic devices ? It may seem like an inconsequential expense to you, but it is an absolute necessity for your partner.
On the one hand, you must learn what is important for the other person, so you can understand what you need and you can propose an alternative that suits you and fits your budget.
The key here is to recognize that both will have personal items that they will want to buy, some of which can be expensive. Instead of getting angry, write down the products they need, make a budget they can meet and buy what they both need.
This may mean that they need to cut something to allow you to get what you consider important. For example, if your partner is absolutely determined to buy the latest iPhone , but is not so interested in technology, you can choose a more economical option.
They could opt for another alternative that meets the communication and entertainment needs that they want to satisfy. By doing this, you will save a significant sum of money and avoid litigation.
Allocate funds for personal expenses
To avoid heated discussions about consumption and spending habits , you can allocate a certain amount for personal expenses each month. Then, both can spend their money on whatever they want without getting into trouble about who spent the most and on what.
It does not have to be a lot of money, it can be a thousand or two thousand pesos, even less if necessary. Spending on what they want to buy each month will do wonders. If you choose to save it and buy something bigger at the end of the year, it’s your decision, and you’re less likely to fight for the result.
Make a budget as a couple
When a person has control over their regular expenses, they can set savings goals, plan future purchases and lead a quiet life with healthy finances.
Life as a couple can be easier if a budget is made about household income and expenses.
They can make a budget for each one and a set, or only one in which they add the income and expenses that will be made per month. Once you have agreed on a method to make a budget, allocate the expenses and generate savings for the future.
They must take into account the purchasing priorities of each one and those of the household. Make sure that both participate in the decision making. Then, make sure that everyone is responsible for not leaving the budget.
Check the bank accounts together
Some married couples have separate bank accounts. Everyone makes their own money and this goes to an individual account. This point is complicated for several reasons: different income levels, different consumption needs, among others.
However, joint review of bank accounts can help build trust. Knowing how they spend both speaks of transparency and honesty in the relationship.
That one earns more or the other spends less does not imply that the money must be a reason for conflict.
As a couple they can combine their income and expenses, as well as sharing love, they can share the complications of everyday life. This will make accounting at home easier and avoid discussions of envy and monetary resentment.
On the other hand, when it comes time to pay taxes, arguments can arise when one has to help the other. In the same way, they can also cooperate; at the end they are a family unit that shares everything .
Debts are a huge burden on marriages, particularly if one of the spouses has contracted more debts than the other.
Debt comes in many forms and volumes, through credit cards, car loans, mortgages, gambling, student loans or other personal debts.
The feeling of being chained by a balance owed can exert heavy and unnecessary pressure on a relationship. Develop a plan to reduce debts and eliminate that heavy burden.
These are some of the best strategies to eliminate debts that threaten a marriage:
- Cut your cards cr e Dito and not spend more than you earn.
- Use your tax refund and any bonuses to pay your debts.
- Sells art icles unnecessary to take home for cash.
- Make a regular budget with a part that includes an amount to achieve the elimination of the debt.
- Get a loan to put your debts in one place and settle them, you can have a more convenient interest rate and you only have to make a monthly payment.
Do not let money control your marriage. You can avoid many problems for family money if both are aware of how many resources they generate and spend. Family accounting is one of the fundamental pillars of a happy life as a couple.
With some pará meters b asic, you two can learn to manage the stressors of money and prevent serious discussions that could lead to divorce.
You probably know several couples who separated because they could not establish healthy ways to manage money in the home.
Do not let money destroy your marriage: use it to build a better future for yourself and your family. All you have to do is analyze what are the most appropriate ways to carry finances in marriage.
If you want to know a little more about financial culture, we invite you to download the guide that we created in Credifiel about financial culture without any cost. We know that you will be very useful.