Money and Marriage 101: Marriage Tips to Avoid Marital Conflicts




Money and Marriage 101: Basic yet important tips to overcome marital conflicts. Money is not everything and does not make you happy, yet successful money management can definitely help you and your partner reduce stress in your life.




With divorces on the rise it's no surprise that money is one of the leading factors in dissolving marriages.

Couples of every class often disagree about money, which can cause marriages to fail. Each person has different meanings attached to money.

Some people like spending money more than others. Others feel better about themselves when they save money and look at their saving accounts.

Each person also values different items. Some people do not mind spending $100 for a bottle of wine, and the others see that is waste of money.

These differences definitely create marital conflicts and disagreements.

While money is as important to a marriage as wheels are to a car, it is also sad if money becomes a contributing factor to divorce.

Money is not just a means that we use for the exchange of something. Money is deeply connected to our emotions. Some people feel "fear" when they do not have enough money in their bank accounts. Some feel "joy" when they purchase a brand new car or shoes.

What can we do to fill the gap between you and your partner in terms of money.

  1. Talk with your spouse and not at them.
  2. If you are already married, realize that your partner does not want a parental figure lecturing them on expenses and financial responsibility. The object is to find common financial ground and discuss it instead of arguing about it.

  3. Bring everything on the table
  4. If you and your partner have not embarked upon marriage or will do so in the near future, put everything on the table. Reveal any debt, spending habits, and net income so that you can discuss your goals before you make the trip down the aisle.

  5. FICO Scores

  6. Also, request copies of your credit reports from one of the three major credit bureaus so that you can see any debt or financial obligations. This is important since if one party brings debt into the marriage, it will consequentially affect the marriage financially.

    Copies of your credit report can be requested from Equifax, Experian, or Trans Union either online or by phone.

  7. Discuss your goals and expectations.
  8. Ask questions about your spouse's upbringing and their current lifestyle expectations. For example if your spouse is accustomed to fancy restaurant dinners throughout the week, be aware that this could potentially affect your finances if this is something that you will incorporate into your finances.

    Also, inform your spouse if you are accustomed to an extravagant life style or lack thereof. In either event, be sure that you both are on the same financial wavelength.

  9. Set goals as a couple
  10. Set goals for saving money, paying off debt, funding college for the kids, and buying property.

  11. Budget
  12. Budget your money and assign financial responsibilities based upon your financial goals and expectations. Include all expenses like insurance and medical expenses.

  13. Share financial responsibility
  14. Do not give financial responsibility to one person. In many marriages, couples make the mistake of giving financial responsibility to the person who makes the most money. This will not only create arguments in the future, but it also places a higher title on a person's worth in the marriage.

    Regardless of who provides the most financially, give each party a voice in financial decisions. It will decrease arguments and promote equality in the marriage.

  15. Respect money and respect your partner
  16. Although money is a trivial subject in most marriages, always remember to be respectful in your discussions. Learn to communicate versus debating over financial issues. Even though you may not agree all the time, listen and find a good medium that both parties can adhere to. The object is to work together as a team instead of separate units to overcome financial obstacles.




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