Fighting among married couples over money is a common place. Studies even indicate that many divorced couples cite disagreements on finances and other economic issues as the major reasons their marriages failed. Being a united front on issues of finances is key in making both partners feel safe and equal within the marriage. Unity on matters of finances may indeed be a reminder that you are working toward long-term goals with one mind.
See below tips on how couples can actualize financial cohesion and unity:
Set a spending limit
Setting up standard rules with it comes to money helps both parties feel safe and have trust for each other’s spending habits. Agreeing to let each other spend freely only up to a certain amount of dollar can be an example of a standard rule around money. In marriage, a couple can agree to consult each other anytime spending may seem to offshoot the limits placed. Negotiating and determining the standard-rule together may also help to create feelings of solidarity and teamwork.
You will need a joint account
Studies prove that couples with joint finances often report feeling support, trust, and unity with their partners. A joint account can be a great way not just to foster a feeling of sharing within the relationship, but it is also a way to keep and build fund together. Building you funds together can be an awesome way for couples to feel as though they are working toward long-term financial goals and building a life together that has a future.
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Save for the rainy day
The idea of “saving for the rainy day” can never be over emphasized. Several people of all ages have had several different opinions and perception about the meaning. Some see this as a day of great challenge where only your savings can deliver you, but there is another shade of light to this. The rainy day could be a day to buy a property or equipment at a give-away or lesser price than the original price tag. So, couples who save could take advantage of such rainy day. Then if there is no saving, they may not be able to leverage on such day.
Reward yourselves for any feat achieved
One of the best ways to spur and inspire yourselves is to reward your financial exploits. At every level or mile attained together in your financial plans, give yourselves a good treat. This will inspire you to look forward to other financial successes.
Spend or use money wisely
In marriage, couples who save money together should have good self control when it comes to spending. I have always been an advocate of buying things with logical reasons. There are plenty people who buy things out of emotions and will always later regret or even find out that they never really had a need for what was purchased. It may result to financial disunity when one party is committed to saving and the other party is more susceptible to spending.
Track your spending
This is called a “budget”. This is not in any way to point fingers at one another as to who is spending what. Tracking your how you spend doesn’t just mean someone looking over your shoulder all the time you buy something. Tracking your spending is very key to attaining financial security or unity in marriage. Until you are in charge of your spending, it is may be very impossible to set financial goals both of you will be able to work out.
Try to live debt free
Couples, especially newly wedded ones often don’t want to wait to have a new home appliances, new car, and other trending gadgets. There are thoughts that people just don’t live without credit cards and debt. It may be true to an extent that many people are heavily in debt, but that doesn’t mean it is a healthy way to manage your finances in marriage.
