There are so many things that go into making a marriage successful or not, many of which cannot be controlled by one person or another. No matter who you ask on the subject, everyone agrees that marriage is a two way commitment that requires effort from both people to work successfully. It can be applied in all aspects of marriage, one of them being money. It is a tough subject no matter how it is brought up, but it should be discussed to make sure that it isn’t an elephant in the room.
Firstly, understand that when expenses are combined and accounts and joined together, both people are impacted by how the other person does financially. This means that if your partner is spending a lot of money and has a bad credit history, yours is going to suffer as well. It goes toward the idea that once you are linked financially, your troubles are shared with each other. It’s something to think about when looking at opening joint accounts. Is the other person in your relationship going to drag you down? Are you going to drag him/her down?
Spending money is something that gets a lot of fights started because there is normally only one main earner out of two. As such, the person who is acting more as the dependent will find that the main earner will be a little more tight over the money spent. It is almost as if the main earner is setting an allowance for the other person in the relationship. As you can imagine, this causes all sorts of problems.
If money is tight, there is a way to work together so that you don’t have to borrow money and you can move towards a solution together. It’s, quite simply, roll up your sleeves and get to work at putting a plan together or with a professional like Alexander. Just like a company, a relationship is going to have expenses that can be minimized or taken out all together. By working together to find out what these expenses are, a person is going to be able to be closer to their partner and also find a way – together – to save some money and make sure that all of the issues regarding it and its usage are worked out. Surprisingly, it’s a simple solution to an often huge problem in a marriage/
While there is no easy way to always have money going in the right direction it can be managed by simply making it a team effort. Once both partners are involved in the process of making and/or organizing money and it uses for the better of both people, there is no main bread earner or finance guru. There are just two people in a relationship that are working together to make the money work for everyone.
If the bottom line in your bank account is getting out of hand, see if working together on expenses and a financial plan will help.