Money and Marriage: 6 Tips for a Happy Relationship

538 Words2 Pages
bulb-icon

Recommended: Family dynamics and their effects

One of the many challenges that married couples face, aside from resolving who should sleep on which side of the bed, is money management. Money, as we all know, can be a tricky thing to navigate, which is why it’s not surprising that it found its way into wedding vows – “for richer or for poorer…” Nevertheless, despite having uttered these vows, a lot of couples these days doesn’t seem to get it through together and survive for richer or for poorer as many studies have shown that financial issues are among the major causes of marital troubles that often lead to divorce. This is why it’s vital for couples to be smart in managing their money and take steps to make their finances work through thick and thin. Here, we share some important money management tips that couples, whether newlyweds or not, should follow to enjoy a lifetime of financial and marital harmony. 1. Talk openly about money. Ideally, you and your partner should be able to have the money talk prior to marriage. Be open and honest about your financial situation, obligations, how much you make and how you intend and...

Show More
Related

  • Analysis Of My Parents Basement

    1293 Words  | 3 Pages

    As an advocate for this budding family, I would encourage them to seek counselling individually to affirm that they are still both committed to being in the marriage. Once that has been established, couple counselling can advise for open lines of communication. I would also refer them to a financial adviser to guide the couple on saving money. Moreover, David’s financial disregard may discourage each partner from being motivated and stifle their independence. Furthermore, I would encourage them to gain independence and comprehend that parental boundaries can lead to stress and pressures in a new

    Read More

  • Till Debt Do Us Part By Mary Loftus Summary

    942 Words  | 2 Pages

    “Money disagreements and disappointments can predict the long term-success, or failure, of the relationship” (Mary Loftus, 99) To sustain a good relationship, one must be able to overcome problems especially the ones that deal with money. In the article Till Debt Do Us Part, Mary Loftus addresses the importance of communication when it come to money arguments. She explains how many is a big problem in most relationships mostly after marriage. She points out the main reasons on why and how having bad communication can make a small argument a disaster. I completely agree with the author’s point. When in a relationship, one learns to overcome small arguments and any obstacle. When in a marriage, one should be able to communicate, comprehend, and

    Read More

  • Colonial Times

    523 Words  | 2 Pages

    It appears that as time goes by, people view marriage more romantically, and less economically. Samuell Sewell viewed marriage as a way to advance monetarily. In his diary he writes, "I said 'twould cost L100. per annum: she said twould cost but L40"(63). This is just one example of him carefully calculating the costs of marriage.

    Read More

  • Condemn All Forms Of Debt: Dave Ramsey

    201 Words  | 1 Pages

    When I was younger, I had thousands of dollars in credit card debt that I had to overcome. My husband was shocked when he found out before we got married that he was going to be a proud new daddy

    Read More

  • The Trials and Effects of Blended Families

    1105 Words  | 3 Pages

    Lewin, T. (2005, May 19). When richer weds poorer, money isn't the only difference. The new

    Read More

  • Financial Issues In A Raisin In The Sun

    1531 Words  | 4 Pages

    No one expects to divorce when they get married but nearly half of all marriages will end in divorce or separation. Divorce can be costly, with court fees and attorneys. Dr. Doherty, noted marriage scholar and therapist has determined a list of risk factors that are attributed to marital problems and divorce. The first three: Young age, less education and less income are coincidently other topics brushed upon in this paper. Impulsive decisions made by younger people to marry leads to children which leads to financial instability. Once a couple has children, they are unlikely to further their education because of lack of time. Divorce also has a negative effect on

    Read More

  • Humorous Wedding Speech: How To Get A Husband

    438 Words  | 1 Pages

    Ever since you were little you have been planning your wedding. A big princess ball gown, horse drawn carriage in a small white church. You meet your soon-to-be husband in high school. You stay together and marry after college. You are already financially stable, able to afford a white-picket fenced house.

    Read More

  • The Pros And Cons Of A Wedding Planner

    1759 Words  | 4 Pages

    You should keep track of all payments, deposits and remember which vendors have been paid off. Trust me when I say it can get extremely stressful and is by far one of the brides/grooms least favorite part about getting married.

    Read More

  • Game Theory In Marriage

    1545 Words  | 4 Pages

    ahead into what Samuel Johnson called a “ triumph of hope over experience”. This paper attempts to explain the paradox, understand individuals’ behaviors as they relate to marriage, divorce and the use of pre-nuptial agreements. We have used the principles of game theory to predict an equilibrium outcome relating to the use of prenuptial agreements and to explain deviations from this outcome. 2 Background on Pre-marriage Agreements. A pre-marriage contract, also referred to as a prenuptial agreement or “ pre-nup,” is a legal contract.

    Read More

  • Personal Narrative: Real Estate Advice

    523 Words  | 2 Pages

    The best money related advice I ever received: “If you are fortunate enough to purchase real estate, never let go of it. If you want to buy more real estate, you can use the first property as a bank or you can rent it to someone and have them pay your mortgage and taxes for you.” The first property you buy can secure your future. It’s free money, other people work hard to pay your mortgage, excellent plan. I was living the dream, beautiful condominium that I purchased as a single unmarried woman, it was amazing. A couple of years later I got married and together we bought a townhome, so I rented my condominium, the rent that I received covered all expenses plus a little extra for me. Fast forward 10 years, that real estate advice never meant more to me than when my life shattered and I didn’t have anywhere to go.

    Read More

  • Pride and Predjudice - Money and Marriage

    1022 Words  | 3 Pages

    with whom you are to pass your life'. In this day a nd age a very

    Read More

  • Romantic Love Is a Poor Basis for Marriage

    607 Words  | 2 Pages

    It is easy to understand why finances continue to be the leading cause of divorce, especially when many couples tend to overlook the practical aspects of marriage before combining everything as marital property.

    Read More

  • Some of the Causes for Divorce

    764 Words  | 2 Pages

    ...money now or save it for the future. Additionally, many couples have not talked about their financial situation before getting married and do not often consider talking about the role money plays in their relationship and life (Lee, 2013). As a result, couples discover these things after getting married and realize that they won’t be happy and successful having financial troubles. This is when couples decide to divorce. Furthermore, some couples do not like to act as a couple and prefer to spend their money separately (Lee, 2013). They do not like to help each other when it comes to finances. This situation often leads to divorce, because couples are not able to achieve their future goals, since they are hiding their money businesses from each other (Lee, 2013). Hence, these financial problems tend to cause problems between couples and eventually lead to divorce.

    Read More

  • Money Essay: The Importance Of Saving Money

    777 Words  | 2 Pages

    In my conclusion, it is very important to save for the beneficiary of the upcoming future. Simply setting aside a percentage of the income received each paycheck will be the backbone to an unexpected situation. Emergency reasons, retirement, and luxury spending can all be obtained if one is mindful of their spending. Money is the biggest cause of stress in America today and mindful everyday spending can lead one to experience real financial freedom. The earlier an individual begins to save in life, the more financially stable they will be in their

    Read More

  • Money And Happiness Essay

    2945 Words  | 6 Pages

    Money and Happiness are two things that we have all given a lot thought. We put lots of effort into these two things either trying to earn them or trying to increase them. The connection we make between money and happiness is strange because they are two very different concepts. Money is tangible, you can quantify it, and know exactly how much of it you have at any given time. Happiness, on the other hand, is subjective, elusive, has different meanings for different people and despite the efforts of behavioral scientist and psychologist alike, there is no definitive way to measure happiness. In other word, counting happiness is much more difficult than counting dollar bills. How can we possibly make this connection? Well, money, specifically in large quantity, allows for the freedom to do and have anything you want. And in simplest term, happiness can be thought of as life satisfaction and enjoyment. So wouldn’t it make sense that the ability to do everything you desire, result in greater satisfaction with your life.

    Read More

More about Money and Marriage: 6 Tips for a Happy Relationship

Open Document