For a relationship to remain healthy, it requires communication, honesty among other sacrifices from both partners. Finances tend to be one of the primary causes of breakups in relationships.
In case you find yourself falling into financial pitfalls due to an irresponsible spouse, here's what to do.
1. Hold a discussion with your spouse
It is important to be honest and open when discussing finances with your spouse. It is paramount to try to get on the core cause of why your spouse is behaving irresponsibly with money. Could this be as a result of being unaware of how to handle finances or could it be that he/she is living under pressure?
2. Seek financial help
Seeking the help of a financial advisor can help you resolve any financial issues in your relationship. In addition, your partner will be able to voice out his/her opinions without the fear of being ridiculed or attacked. The financial advisor can even help you develop a budget and different planning methods to attend to any debts or expenses.
3. Set your own bank accounts
Once you realise that your spouse is still behaving carelessly when handling money, you can remove his/her name in the household bills or open new accounts so that it's only you who can access them and ensure different household bills are paid on time.