Money Talk – A Budgeting Date
When many people think about marriage they think about love and romance. They have plans and goals. They are looking forward to starting a life together. One of the last things on your mind – well, maybe at the back of your mind – is money. However, money is one of the leading causes of divorce. Many couples underestimate the importance of money in their relationships. Each spouse brings so much to the relationship including their views about money.
One spouse may be a spender, while the other spouse is a saver. Can you see how that could cause problems? One spouse might use a budget while the other spouse spends without keeping track of the money. Also, the way each spouse views debt could be different. I’m not saying that you have to have the same money mindset in order to get married and to have a happy marriage. But you should be able to talk about money and work together to reach your goals.
Couples can meet once or twice a month for a budgeting date where they talk about their money, including their financial goals. The thought of talking about money might seem painful – something you want to avoid. In fact, avoiding such conversations could actually lead to money problems. Discussions should include topics such as monthly expenses, savings and debt reduction, and other financial goals. Money is a very sensitive topic, so you may need a counselor or coach to work with you in the beginning. Working together can decrease the stress related to money and improve other areas of your relationship. Talking about money might not seem romantic but not talking about can take the romance right out of your marriage. Money Talks. All the best.
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