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Friday 10 May 2013

12 STRATEGIES TO CREATE FINANCIAL AND MARITAL HARMONY. Follow me on Twitter @AndyQwas. Bb Pin 2326600E.


1. MONEY CAN RUIN YOUR MARRIAGE. In fact, it's the number one problem in marriages and the number one cause of divorce.

2. THE COMMITMENT IF TWO LIVES. Dont ever underestimate the commitment in merging two lives together. The reason we fight most about money is because it's the most measurable. Sure, compromises also need to be made when it comes to issues of time, space and affection, but with money, the give and take is quantifiable.

3. STICK WITH SET GUIDELINES: In a relationship, each partner need to be comfortable with any guidelines set especially in the area of money and don't build resentment if you've agreed to it.

4. CREAT BALANCE: While financial independence is important, it must be balanced with accountability. Don't hide your spending habits from your spouse. Live within the boundaries you set and always consult your spouse before purchasing big items.

5. DONT LIVE A FAIRYTALE! Don't live a fairytale! Get real about how much money you have. Set a realistic budget and financial goals. Don't justify purchasing something you can't afford.

6. HAVE THIS UNDERSTANDING that Emotional problems can't be solved with money. Take a hard look at what's really behind your spending habits.

7. WATCH THIS. Don't let yourself get taken advantage of. Are you working 80 hours a week just so your spouse can live beyond your means? That's not being a partner; that's being a paycheck, and it won't fix the problem.

8. DO THIS. Negotiate, and then renegotiate when necessary. You made these life decisions together, and you can change them together.

9. EDUCATE YOURSELF. Marriage is a partnership, and both individuals need to be well-informed. Many problems — especially when it comes to money — stem from lack of knowledge.

10. ASK YOURSELF. When a financial issue comes up, ask yourself: Is it really a money problem or is it a relationship problem?

11. DONT DO THIS. Dont use money as a weapon against your partner.

12. JOINT vs. SEPARATE ACCOUNTS. I suggests separate accounts, because it's important to have independence and your own discretionary money.

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