Combine the expectation of divorce for new couples hovering around 50 percent with a variety of studies that suggest money is the most divisive topic for couples, and you get a formula for disaster. But it doesn't have to be that way.
While a SmartMoney Magazine survey revealed that 70 percent of all couples talk about money at least once a week, the communication isn't very effective. Here's some advice that can help couples make arguments about money a thing of the past.
Focusing on an overall vision and money plan will keep both of you moving in the same direction. Once you have done that, the small everyday decisions about what to spend your money on take care of themselves with little or no effort. When we have clear communication and know why we do something, the "what to do" with our money is easy.
At the end of the day, couples need not argue about money. And it's not just about communication. It's about making a plan, and sticking to it together. Information gives you power over your finances. Not talking about them, not making a plan, and not coordinating as a team makes you a victim of your finances. If you control your finances, they will never control you or your marriage.
Jane Honeck, CPA, is a money coach who specializes in tax and financial planning for professionals, small businesses and individuals. She is also a Certified Empowerment Trainer and has developed Cent$ible Living financial workshops and money coaching sessions to help her clients make meaningful and lasting change in their financial lives. She is the author of The Problem With Money? It's Not About the Money!
Take the Next Step:
Share your thoughts about this article with the editor: Click Here
Sign up for our free eNewsletter Dollar Stretcher Tips.
Looking for an answer to a frugal living question? Click here to ask a
Dollar Stretcher Stretchpert!
Copyright 1996 - 2013 "The Dollar Stretcher, Inc." All rights reserved unless specifically noted.
Contact the Dollar Stretcher at:
PO Box 14160
Bradenton FL 34280
"The Dollar Stretcher, Inc." does not assume responsibility for advice given. All advice should be weighed against your own abilities and circumstances and applied accordingly. It is up to the reader to determine if advice is safe and suitable for their own situation.