There is a myth that couples with money problems, worries and bad financial habits can lead an unhappy marriage. In the end, they may even destroy it. Learn about common mistakes and protect your home.
Money and marriage is a historical problem. In the boom times of crisis and couples are always looking for a better future and therefore fighting for the money. Hence the importance of improving attitudes about money and communication.
Finances are a major cause of stress for people and this situation a couple normally can trigger conflicts that if you do not know how to manage crises can lead to marriage and even divorce. Here are the five most common:
Materialism. Value more things or money that relationship. A recent study by Brigham Young University (BYU) and William Jefferson University found that couples who are materialistic are in the lowest part on the happiness scale. In this case there is a shortage of money that damages the relationship is a problem of value given to the other person and marriage.
Conflicts financial habits. Feeling that the couple spend money so unintelligent is one of the most common causes of divorce, the probability of separation increases by 45%, says the work “Couples who save are the most happy,” Jeffrey Dew. Hence the importance of the two people involved in the marriage know to manage well the money and work for family financial stability.
Trying to impose behavior. One thing is to see that her husband spent the money on things that do not make sense for you and another to feel that mismanaged the money and that can lead to bankruptcy. To keep it from becoming an obsession to control household spending, it is important to understand that in marriage you have to negotiate almost everything, including how they will handle finances.
The traditional roles at home often do not work. Believe that man should be responsible for long-term financial planning and investment and that women should manage daily cash flow does not apply to all couples. This traditional organizations often does not work because each person has different financial behavior, regardless of gender. The key is to identify which of the two has skills for each role and choose the financial model that will carry home.
When the styles are different in terms of money. It is not uncommon to see that opposites attract. Many couples find that while one is a spender, the other is more conservative and thrifty. In this case it is impossible to change the other person, so rather than make this a tragedy and a cause of fights and arguments, we must adjust the family budget style of the two people. For example, the spender can be ordered short-term budget and the emergency fund and retirement plan saving, investment and long-term financial goals.
Magical thinking. Do not expect results without a plan. Develop a joint plan and review it at least annually moves to couples in the same direction objetive plans and they have set together.
Category: Personal Finance