Before you go! Share this content on any social media platform

Disagreements over money were considered as one of the main reasons for divorce. Here are some tips that can help prevent these struggles and that can ultimately save your relationship.

Avoidance of the "money talk"

A study estimates that as many as 70 percent of couples argue about money more than housework, time together, sex, snoring and what's for dinner. The reason is that, like many other couples around the world, research topics avoid the "money talk".

Most couples are not on the same page when it comes to money, and it is best if you take time each week to talk about finances; where you put everything on the table.

People often split the money talk between household budgets / expenditures and investment, but it should all be about money, including issues such as spending habits, budgets, investment and family spending history.

Every Kobo share

Most financial advisors give a big thumbs up to common bank accounts, simply because it helps to foster openness and teamwork when couples share responsibility for household income. Sharing each kobo, however, can also lead to secrets, distrust, and blaming partners, especially if they have different spending habits and personalities.

In order to avoid these struggles, it is best to provide each partner with a certain amount of money that they can spend on what they want – no questions. This gives the couple a certain amount of freedom to spend on themselves without guilt.

Let a person handle the budget

Whether you have a one-income household or both are wage earners, having only one partner managing the household budget should be avoided.

Not only can it keep half of the relationship in the dark when it comes to spending, but it also leads to misunderstandings and mistrust between couples.

Many fights are based on at least one party that simply does not know or understand. Set up a basic understanding and the fighting fades away. By understanding the strengths and weaknesses of each other, you can decide which partner should be responsible for each aspect of the budget.

Unable to hire a financial advisor

If you do not hire a financial advisor, you can spend more money in the long term. If a couple pays for a financial coach, they could actually save more than their fee on the road.

After all, it is often easier to talk to a third person about some emotional issues that can help spread the unpleasant and tense conversation when it needs to.

Do not recognize their differences

Whether it's personalities, spending habits, or just growing up in separate households, the differences between you and your partner could be the reason for your struggles for money.

The fact that you and your partner grew up in different households means that you have different experiences of money and have different assumptions and goals about the money, which can lead to reconciliation problems.

But patience and understanding of the financial differences of others is key and could ultimately save your relationship.

The post Five tips that can help prevent money-fighting between you and your partner first appeared,

Before you go! Share this content on any social media platform

Source link



Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.