Keeping A Married Couple From Having Fights About Money
21 August 2006Gerri Willis on CNN has some advice on tips to keep your marriage “financially fit.” The most important of these, I think, is the full disclosure advice. I’m not sure I’d go so far as exchanging credit reports like they’re wedding vows – but you should at a minimum be telling your future spouse about your financial status. You also need to sit down before your marriage and come to a basic agreement about how you’re going to handle your new family’s money. This is where most people tend to trip up – if the two of you go into the marriage with different expectations, you’re going to have some friction, especially if you’ve both got different attitudes towards money and when it’s acceptable to spend it.
If you’re already married, and currently having fights about money, then you need to sit down and have that talk if you haven’t. I’m not talking about screaming at each other – you need to both get onto the same page about your finances, set up a budget, and agree on what your financial goals are to achieve with the budget.
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