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Couples just starting a life together often struggle with melding two money management styles into one cohesive couples’ strategy. Money issues are still the number reason for marriages or relationships to end. However, a few simple steps can help couples avoid the blunders that can lead to money problems.
Love and money are often not talked about in the same conversation however money issues are still the leading cause for divorce. With Valentine’s Day fast approaching and over 6 million marriage proposals expected, maybe now is the right time to mix love and money.
Love and money are two topics that go hand in hand as part of building a healthy relationship that lasts. Unfortunately, many couples don’t discuss money issues until after getting married. There are a few important topics to cover with your significant other before walking down the aisle.
Many people find it a struggle to pay their bills – especially as they age.
So if you find yourself observing your parents or an elderly relative in need of a helping hand, here are a few of many issues to consider:
Fighting about money with your spouse is terrible, but fighting about money when they have become your ex is even worse.
There are a lot of important events that take place over the course of our lifetime. Marriage, buying a home, and having your first child are all events that are very exciting but also very stressful.
The excitement combined with the stress can lead us to rationalize very poor financial decisions by saying things like, "Well you only get married once," or, "Just getting one more thing for the new baby won't hurt." It's important to keep your emotions under control during these milestones so you don't end up in financial hardship.
Not knowing where your money is going can spark a lot of arguments. Time spent with your significant other should not be filled with resentment over finances. Besides, who wants to argue on Valentine’s Day, anyway? Here are three things to keep in mind so you can enjoy time with your significant other: