It's no surprise that money is one of the biggest cause of arguments among married couples. There are numerous ways to prevent money from ruining your marriage. Some of these are;
1. Communicate about your finances
Communicating about your finances is vital for the well being of your marriage. This should be before and/or after marriage. It is more important to do this before marriage to avoid post-marriage financial issues. Talk about your debts, mortgages and everything else. Communicating helps you balance your expenditures as a couple.
2. Set goals together
After discussing your financial positions, sit down as a couple and set your goals together. These should be financial goals like how to invest, save or spend your money. Stress on timeline and amount to help you stay on track.
3. Minimise or avoid debt
Mounting debts are marriage killers. When one partner or both partners incur debts, the pressure becomes too much in the marriage and this could affect its stability. Living a debt-free life is better.
4. Set aside emergency funds
Life guarantees uncertain events and therefore a couple should see it wise to set aside some funds for emergencies. These could be a job loss, sickness or even death of a loved one. Stress and too many struggles at a time of emergency aren't healthy for a marriage. A sensible couple prepares for emergencies.
Marital turmoils arise when a couple fails to budget. Budgeting is the perfect way to keep track of your spendings. Although budgeting is tedious, it has a lot of benefits when it comes to saving money.