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The number one thing couples fight about is money.
Most of the time it is about not having enough of it. Debt can destroy a marriage. But is it really the money that causes the stress?
Or is it the lack of communication, trust, disappointment or just sheer frustration in the events that got you into debt in the first place?
I will admit it like many couples before us, my husband and I have fought about money. But with us it’s more like “you spend what, on what?”
Now if you speed up to the current day we are more in tune with each other and communicate about all things financial.
Money can really stress out a marriage.
Take for instance a single income family and money is tight. All parties are trying to make things work but add in being overworked and feeling under appreciated.
Add in unaddressed feelings or an unwanted bill and an argument could develop.
So how do you stop the fighting?
You learn to communicate openly and honestly. And yes this may be hard, but it is worth it!
Each party needs to be able to explain their feelings and emotions regarding the finances.
For example, with us I asked my husband why he spent “x” amount of dollars on blank when we needed to pay for something a bit more important.
I told him I was tired and frustrated and felt a bit …. and that we needed to work together on our money goals. He told me he was not aware he had spent as much as he had.
In turn we agreed to have more frequent budgeting conversations and openly discuss larger purchases.
Tips for working together.
Share with your spouse how you feel about the money coming into the home and the expenses being paid for with that money.
Talk about your fears such as job loss, interest rate increases, illness, not having enough money to…
Share your appreciation for each other in all you do for your family and encourage conversation about goals and achievements.
Talk about and set a budget together.
The best thing you can do for your marriage and your money is:
To talk about your financial goals, budget your finances and agree to discuss all money issues openly.
The best thing my husband and I did was take Financial Peace University.
Financial Peace University will help you get on the same page as your spouse financially.
Leave the money stress behind with monthly budgets that work and still leave room for fun.
Build an emergency fund and invest in your future. Celebrate freedom with money.
Start appreciating each other again and the love that brought you together.
Haver an amazing day,
Saving & Simplicity