Certain things have trouble being paired together, and perhaps one of the more noticeable of those is marriage and money.
Marriages often live and die by how the couple talks about money and how the budgeting and paying of bills goes from one day to the next, one month to the next as those turn into years together either haggling about money or not allowing it to be a wedge that creates so much worrying.
How exactly do you mix marriage and money the right way?
The trick is to start talking about money when you’re together before you get married, and come up with a game plan where you talk about anything from debt to income, and who you’re handling your money now, as individuals. As romantic as that sounds (it’s not), you can’t ignore that conversation until after you’re already married if you have two different schools of thoughts on money.
One of the big indicators needs to be who is going to be your own, at home official Chief Financial Officer of sorts and be the one who monitors the money, budgets accordingly and keeps track of the spending and most importantly the saving.
Saving money has never been easy, and if you’re paired with someone who isn’t so good at it, and the other person is, you’ve made from CFO decision right then and there. If the person who isn’t so great at saving money doesn’t want to relinquish how they do things now, that could create issues moving forward. That doesn’t mean you have to call off the wedding at the moment, but rather address the money situation at this point.
What the new wave of money and saving money has been for married couples or those who are engaged and about to be married is to just keep the money situation status quo, and that you maintain separate finances and continue to pay your own bills, whether that’s cars, credit cards and such, and split the expenses for the home, just like it was beforehand. So if you paid the mortgage and the car insurance, leave it the same. Then, allow our partner to take a few of the utility bills or perhaps they’re in charge of the cell phones or grocery shopping.
No matter how you slice it, money can be a toxic element to any relationship, but only if you’re not inclined to bring up this taboo subject and talk through it so you can avoid a larger scale issue later.
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