Relationship Advice - Stop Having Money Fights
Money fights can cause a major rift in an intimate relationship.
It seems like many divorces come along on the heels of money issues.
Many people have a very hard time with money management, so when you bring two people together they will often have conflict over it.
There is no reason to fight over money if you create a set of ground rules that you will both need to follow.
Here are several tips to help get you started: Create a household budget that you both agree to follow.
Write down what you think you need to buy and the accounts that require payment, and then both of you agree on what you will spend in each area.
Keep the budget displayed where you both will see it daily.
Resolve to bring home receipts for whatever you purchase so you can have some accountability as well.
Look for creative ways to cut expenses such as not buying expensive coffees and bringing your own lunch to work a few days each week.
Give a little to get a lot.
Each of you should give up some of your favorites so you can make the budget work.
Treat your household budget just like a business.
You want more money coming in than going out.
You want to create a plan that allows you to save.
Work towards having a 3 to 6 month emergency fund you don't touch until it is an absolute emergency.
That will give you some breathing room and security so you don't have to stress so much about money all the time.
When you start to pay off debts, start with the smallest and work upwards.
You will feel that sense of accomplishment when you pay an account off.
Then, roll that money onto the next debt in the list.
This creates a snowball effect that will help you stay motivated.
Vow to live within your means.
Yes, your best friend may have a second home at the seaside and a brand new car, but that does not mean you are able to do the same.
Stop trying to live like other people.
You need to create your own life plan that will allow you to live within your means and strive for more.
In the end, money should never come before your relationship.
Work together to make the financial picture better.
There is no reason to fight each other.
Instead, make a plan of attack and work it together.
It will make your relationship closer and stronger because you worked on an important deal together.
It seems like many divorces come along on the heels of money issues.
Many people have a very hard time with money management, so when you bring two people together they will often have conflict over it.
There is no reason to fight over money if you create a set of ground rules that you will both need to follow.
Here are several tips to help get you started: Create a household budget that you both agree to follow.
Write down what you think you need to buy and the accounts that require payment, and then both of you agree on what you will spend in each area.
Keep the budget displayed where you both will see it daily.
Resolve to bring home receipts for whatever you purchase so you can have some accountability as well.
Look for creative ways to cut expenses such as not buying expensive coffees and bringing your own lunch to work a few days each week.
Give a little to get a lot.
Each of you should give up some of your favorites so you can make the budget work.
Treat your household budget just like a business.
You want more money coming in than going out.
You want to create a plan that allows you to save.
Work towards having a 3 to 6 month emergency fund you don't touch until it is an absolute emergency.
That will give you some breathing room and security so you don't have to stress so much about money all the time.
When you start to pay off debts, start with the smallest and work upwards.
You will feel that sense of accomplishment when you pay an account off.
Then, roll that money onto the next debt in the list.
This creates a snowball effect that will help you stay motivated.
Vow to live within your means.
Yes, your best friend may have a second home at the seaside and a brand new car, but that does not mean you are able to do the same.
Stop trying to live like other people.
You need to create your own life plan that will allow you to live within your means and strive for more.
In the end, money should never come before your relationship.
Work together to make the financial picture better.
There is no reason to fight each other.
Instead, make a plan of attack and work it together.
It will make your relationship closer and stronger because you worked on an important deal together.
