Money plays a key factor in the leading causes of divorce. Take a look around; you will see that the people you know mostly have split up due to money related issues.
It’s very sad that financial issues are the reason behind most of the divorces. All it takes to resolve these issues are by simply communicating with your spouse. You should know everything about your partner’s financial background- how much he saves? Is he in some kind of debt? Because if you are not aware of this side of his/her then there are huge chances that you would end up in worse situations even bankrupted by careless spending.
If you don’t want your marriage to end just because of the financial issues and lack of communication then here are some vital issues you must discuss with your partner:
1. Views on debts
A persons money spending habits are really hard to change. Their money spending manner defines them a saver or a spender. What are you? Saver or a spender?
Two savers should be ideal for each other. Even two spenders are ideal for each other only if they manage to cut down their extra and useless expenses. And spend their money wisely, and then there is no chance of being in debt.
But, the toughest situation is when a spender and a saver live together. On one side you have a shopaholic, who has a tendency of buying almost everything and on the other side you have someone who has a firm hand on money. This could stress both because of the money related fights. The only and sole solution for this problem is communicating with your partner before the fights get ugly.
To avoid such situations, ask yourself and your partner: what are your saving goals? Is your partner in any kind of debt? By knowing these things your marriage can last for long.
2. Personal expenditure choices
Do you both make decisions together before a big purchase? How about little things? Do you think of waiting until you have money or you just put it on credit card?
There are sometimes when you want to buy something but you don’t have a chance to tell your spouse. In such cases you can set guidelines for yourself so you won’t be in situations where you have to make tough decisions and you can also avoid future arguments with your partner.
3. Retirement Pan
Do you make strategies for you financial moves? Have you thought about what you’ll do after retirement?
If not, then now is the time to start planning. Think about it. What kind of a retirement do you have in your mind? May be your spouse wants to go on a world tour or maybe you want to do something else. Discuss it with your spouse and take the decision together.
Nobody is getting any younger so make the most of it.
4. Domestic budget
If you haven’t made a domestic budget then make one, together. Your domestic budget should include all the monthly expenses. If you are spending more than what you make then you have to cut down some of the expenses and get your spending in control. You both should decide on what are you going to spend! You have to work as a team. If your partner is not supporting you so it is better to know this sooner than later.
Thoughts to ponder:
Take your time and think about your financial status. Discuss finances with your partner. Communicating is the key to a successful lifelong relationship. The couples who lack in communicating with their partners usually lead to a failed marriage or a divorce. So have respectful conversations of finances with your better half and surely you will succeed in maintaining a lifelong relationship.
