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Marriages and Money - Continued

Continued from Marriages and Money

Methods of finding a compromise
In order to make the money ‘thing’ work in a marriage, you have to come to a compromise. Every person feels differently about a budget, how to create a budget, how to spend money and how to save money. In order to come to a compromise you are going to have to sit, talk about your money, how you like to spend money, and what you expect for the future.

Take a notebook and while you are sitting at the table or watching television, talk about what your options are, where you want to spend your combined money and what your compromise is going to be for the future to put your money into some type of emergency account. There are no right or wrong answers as long as the two of you agree on how to spend your money and what amounts of money you are going to save and what amount of money each is going to spend every week on personal items. 

What is most important to realize is that two people are going to fight about how much money is being spent if one is a spender and one is a saver without a budget or some type of compromise being set up. 

When two people together do not sit down and figure out where the money is going to come from, who is responsible for paying the bills, and how much money is going to be saved for the future, these two same people will find their selves fighting over where the money went, why bills are past due and what to do when a real emergency happens. Put your family first, compromise and learn to live on a budget that fits your income and expenses for both of you!



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Copyright 2007 tipking all rights reserved. Last update 27th May 2007