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the effects of financial problems in marriages
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Introduction
The topic I chose to discuss is if couples have separate bank accounts and if they have arrived at this solution after trying to use a single account or if this was their first attempt at martial checking. I chose this topic because I always had the notion that a married couple should have a joint bank account, meaning that their finances just like them were intertwined and inseparable. After I was married to the love of my life, I noticed the concepts and methods we practiced regarding the monthly budget and our finances were vastly different and at times conflicting.
She was brought up in a household where her parents never discussed budgets or savings, they just spent their money on whatever they wanted and when the money ran out, they would barrow to continue spending. I was brought up in a poor household where we had to scrimp and save to make ends meat. I’m sure you can figure that this was the source of a lot of conflict and hard ship in the first years of our marriage.
We had tried many different techniques to settle things, but no matter what we tried conflict still arose on how the money was spent and when it was spent. Finally after researching the topic and talking to mother married couples who I knew and respected, I came to the conclusion that no matter what my personal opinion on how the finances should be, my wife and I were never going to agree on this and that I should look for another solution instead of trying to indoctrinate her with my philosophy. One of piece of advice I was given was to split up the family budget in whatever ratio is necessary and allocate the money accordingly. This resulted in my wife being put over the groceries, clothing, and school needs for the family and I was put over the rest of the bills (mortgage, insurance, phone, etc.). I also tried to find a way to tuck a little money away each month into a savings account. Since the inception of this solution we had two separate bank accounts which has resulted in my less conflict and we have been able to put money away for the future for the first time in our marital history.
I wanted to research if this problem was common or not given the diversity of financial backgrounds now in society.
save for the purchase of her home, and sticking to that plan, no matter what comes her way will position her to
She is doing all household duties by herself without any help by her husband. And this vast majority of family responsibilities impact her time for other responsibilities such as school works. While it was almost impossible the accomplish these high expectations in a day, it was even harder together with school work for a person. Current roles in her family life between Ann and her husband are very traditional. While she is taking care of household duties and most parenting, her husband just earns money: “This is the way it is and I get lots of benefits from the money he makes, but I’m doing it basically on my own.” Although she has benefits from husband’s salary, this very traditional gender roles lead to unrealistic expectations and loads more responsibilities of her. On that matter, she cannot spend quality time with her husband due to completing excessive amount of household tasks which she is
In conclusion, Aristotle’s elucidation of happiness is based on a ground of ethics because happiness to him is coveted for happiness alone. The life of fame and fortune is not the life for Aristotle. Happiness is synonymous for living well. To live well is to live with virtue. Virtue presents humans with identification for morals, and for Aristotle, we choose to have “right” morals. Aristotle defines humans by nature to be dishonored when making a wrong decision. Thus, if one choses to act upon pleasure, like John Stuart Mill states, for happiness, one may choose the wrong means of doing so. Happiness is a choice made rationally among many pickings to reach this state of mind. Happiness should not be a way to “win” in the end but a way to develop a well-behaved, principled reputation.
This reaction paper will be on pairing number four. We watched a total of two videos for this pairing: Video one was called Marriage and Family, and video number two was called Family and Household. Both of these videos had my complete attention, as did the class discussions. I found this pairing to be the greatest attention-grabber so far. A few of the key topics that I was the utmost engaged in and would like to react to in this paper would happen to be, dowry verse bride price, the economics between a man and women in a marriage, and lastly, polygamy in marriages throughout other cultures.
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
... he thinks you can make the most out of the least, and she is constantly nagging for more than she can afford.
Making improvements on our financial literacy results in a wave of impacts on our economy and the financial health in our society because of responisble behiavior with our finances. These modifications to our behavior are neccesary because it let's us address primary cultural problems, for example over-credits on your purchases, mortgages possibly resulting in debt, dealing with expectations on inflation and also planning on your retirement.
We’ve looked at the different challenges associated with marriage, how to handle finances, and the pros and cons of marriage counseling. Altogether, what you have read in this e-book should help to guide you down the right path of blissful matrimony.
I think that many of my friends do not even think much of saving for their
Budget is combining your income and expenses to decide how much money you are going to spend on an item. Budget is an important step to determine your financial health and financial stability. It’s an important financial tool because it can help plan for expenses, cut cost were unneeded, save for future goals, plan for emergencies that occur inexpediently, and list what you are spending and saving.
When it comes to personal financing, accounting plays a vital role and it is significant for every individual to have the basic knowledge of accounting, which includes learning the valuation methods, common terms used in accounting fields that will help every individual to make smarter choices regarding financial decisions. In this essay, I am going to discuss what accounting means and how it helps me manage my personal finances, describe the three products of accounting and bookkeeping procedures that are useful in personal financial planning and how personal financial software could assist in my personal financial decisions.
Not only does your financial situation affect your own emotions it also affects those closest to you. If you are in a relationship and are experiencing money issues you are more likely to gain larger problems. Penn. State Professor Jeffrey Drew wanted to find out how a couples financial situation affected their relationship. He discovered that 37% of relationships are more likely to divorce over money issues. Now if you were to marry the love of your life would you ever guess the cause of your relationships termination would be money? Not because of love or how you lack intimacy or time spent together, but money. Even now as I am establishing myself some of my family members are still dealing with financial issues, my dad and step mom after 16 years of marriage are deciding to get a divorce because all they fought about was money. Money can bring you stress and pain if you don’t have enough or maybe even too much but it’s truly how you decide to manage your finances. One with all the money in the world could lose it all tomorrow as well as one who is struggling could finally catch their big break and become
In particular, low-income people may have a lack of awareness about or distrust in banks and other financial institutions (Birkenmaier and Curley 2009). Therefore, communicating to them the advantages of using traditional banking versus using alternative banking services may help them to understand how to more effectively meet their banking needs (Robbins, 2013). Since many low income persons live paycheck to paycheck, acquiring a checking account could be an investment towards financial stability. Nearly 10 million households in the United States are unbanked and low income and minority families are disproportionately among the unbanked (U.S Department of the Treasury, 2008). Additionally, low-income families usually pay more for minimum financial services and have poor credit history, which prevents them from being able to rent affordable decent housing, or buying a reliable car on credit (Robbins, 2013; Jacob, 2000; Valley of Sun United Way,
According to Aristotle, the good life is the happy life, as he believes happiness is an end in itself. In the Nichomachean Ethics, Aristotle develops a theory of the good life, also known as eudaimonia, for humans. Eudaimonia is perhaps best translated as flourishing or living well and doing well. Therefore, when Aristotle addresses the good life as the happy life, he does not mean that the good life is simply one of feeling happy or amused. Rather, the good life for a person is the active life of functioning well in those ways that are essential and unique to humans. Aristotle invites the fact that if we have happiness, we do not need any other things making it an intrinsic value. In contrast, things such as money or power are extrinsic valuables as they are all means to an end. Usually, opinions vary as to the nature and conditions of happiness. Aristotle argues that although ‘pleasurable amusements’ satisfy his formal criteria for the good, since they are chosen for their own sake and are complete in themselves, nonetheless, they do not make up the good life since, “it would be absurd if our end were amusement, and we laboured and suffered all our lives for the sake of amusing ourselves.”
Programs that have been undertaken with relation to financial literacy have generally improve individual knowledge about finance and can cause them to make wiser decisions. Although the direction for causality remains unclear, existing research have suggested that there is, in fact, a connection between financial literacy and behavior (savings) (Hogarth, Beverly and Hilgert, 2003). The relationship between financial literacy and behavior does not necessarily mean that more knowledge improves savings but perhaps more experience in financial activities or learning by doing leads to more financial knowledge. People are not only educated about finance and economics in schools or in attending programs, they also learn and accumulate new behaviors in different methods and places. Many individuals learn more about finance and esp. savings within their household. This happens when the level of financial knowledge within a household is very much high and qualitative which can obviously affect its inhabitants ensuring behavior. Most individuals in this era learn and understand more by doing it or through