The great debate -- Marriage and Money. Young couples can't possibly expect to know everything about finances. How you spend money as a couple can be even more difficult. Did you know, financial stress is the number one reason for arguments in marriage? That's because we tend to make it more emotional and reactive, not strategic.
Some couples have a joint account, some keep their money separate from each other and others may even try the allowance type thing. But the first thing you both should do is seek out the advice of people more experienced in good financial choices. Married couples should try different ways of handling their money to see what works best for you both.
What are your 2 cents on making finance in marriage work? I would love to know!
To sum things up remember, in marriage, it’s yours, mine and ours; not united we stand, divided we bank.
Some couples have a joint account, some keep their money separate from each other and others may even try the allowance type thing. But the first thing you both should do is seek out the advice of people more experienced in good financial choices. Married couples should try different ways of handling their money to see what works best for you both.
What are your 2 cents on making finance in marriage work? I would love to know!
To sum things up remember, in marriage, it’s yours, mine and ours; not united we stand, divided we bank.
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3 comments:
One thing my wife and I have learned is that it is important that each person gets some money each paycheck, we call it our "personal money." We can do whatever we want with this money no questions asked. It has helped to elimited the pointing of fingers, etc....
I agree with you -- personal money is important. Then you can choose to spend that money however you would like, no questions asked!
I think its important to keep the lines of communication open when it comes to your finances. I think its very important to make a family budget so both are aware of where your money goes. I also think its important to have separate accounts, ie.. money for bills, play, Christmas, car registration and emergency funds! AFCU has certificates that I love to use! It automatically takes money out of my account each paycheck so I can't touch it but I know that if I come upon hard times and absolutely need it I can take it out of the certificate for a with a small penalty.
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