Plan for the unexpected and create a sizable emergency fund according to both of your specific needs. After a stressful event, the last thing you want to fight with your spouse about is more debt. How many times in your life has something popped-up unexpectedly that cost you $1,000 or more? Add kids and pets to the picture and the list of potential financial disasters increases. Allow mistakes to happen from time-to-time because old habits are hard to break. Be honest, and work through it with your partner. Different people have different habits and priorities, so it’s important that both partners communicate openly and be open to compromise. How exactly do you communicate effectively? Carve some time out with your partner for a judgement- and criticism-free discussion and do it regularly. Whatever it is, talking about finances as a couple on how to manage, tackle debt and how much to save is critical in ensuring a happy marriage. Some spend thousands on food and drinks alone in a month, some prioritize spending on video games more than saving up for a new car, while others become spend thrifts. Keeping your spending priorities and financial habits under wraps from one another is a sure-fire way to strain your marriage. Here’s how to avoid 5 of the biggest financial money and marriage problems that couples face: 1. With careful planning and smart decision-making, you’ll achieve a financially happy marriage. Secure and strengthen your future together with a robust financial management plan. Learn the best financial advice for newlyweds and married couples. It’s not surprising that leading cause of stress in a relationship is directly attributed to money issues.
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