When you say “for better or for worse” you never envision that the “for worse” could mean financial woes. If you have debt, it is best to clear it up before marriage. Learning how to manage money will prevent you both from repeating the same past financial mistakes and will also ensure that you are both on the same spending and saving page.
Great communication and great financial planning are important pieces that can help to ensure a long and happy marriage. Money problems are one of the biggest stresses in any marriage. Learning how to manage money as a couple, setting solid goals, and sticking to these goals provides a great foundation for a new or existing marriage.
Managing Money in A Marriage – Can It Be Done Successfully?
It’s a proven fact that when it comes to managing money, very few couples are soul mates. One of you will be a saver and the other will be a spender. In conjunction with that, one is more conservative while the other is probably more prone to be more of a risk taker. Taking those facts into account, both are convinced that their way of thinking is the right way. Wow!
Is it any wonder that discussions related to managing money can quickly erupt into an argument? How in the world does one diffuse a powder keg like that? There is a way that a couple can come to an agreement on managing money that will be acceptable to both.
First of all, understand that no one agrees with the other on all matters, and its okay to disagree on certain issues. When it comes to managing money, there is always room for more than one idea. One individual, more than likely, will not always have the correct solution every time.
The most important thing to remember is to keep an open mind, and let the other spouse communicate their ideas. And don’t become critical or cynical if you disagree. No married couple is in complete agreement, on all issues, especially managing money, all of the time. Furthermore, you don’t have to be.
Some Reasons Why You May Need a Prenuptial Agreement
Attorneys that specialize in this type of law say that a prenup can benefit anyone, even those individuals that enter a marriage with very little assets. Is this true? Or are these matrimonial attorneys just looking for more business? Read on and let’s find out.
The first reason is that the couple will more than likely acquire various assets during the marriage, and even though they may be a young couple just beginning their careers, matrimonial law varies from state to state. The temperament and expertise of judges varies as well, and they don’t want some unknown judge deciding who gets what. Lawyers say that no two divorces are alike. This makes sense.
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