13th, January 2022.
Money can be a major source of conflict in your marriage. Statistics reveal that most divorces are caused by money-related problems.
Decision making is one of the most important factors in a successful marriage. However, power struggles involving money can also destroy marriages.
One spouse should not make all important financial decisions in the home regardless of who earns the most money.
Sit down and discuss family finances together. Set family financial goals together. Create a family financial plan together. Set a family budget that aligns with your family's financial goals and financial plans. Be disciplined and stick to it.
Failing to make family financial plans is planning to fail your family and ruin your marriage. A family without a financial plan is like a sailor without a compass - the consequences are predictable. It is not too late to do what is right.
Regardless of the number of years, you have lived without a plan and a budget, you can make today the beginning of a new day for your marriage.
Pray together, openly disclose your incomes, pool your money together, and step by step, begin to chart a new course towards a happier future for your marriage. What you do separately will separate you.
Marriage is a partnership. Both you and your partner should be involved in financial decisions, regardless of your income.
If you are the one who makes most of the money, be sensitive to the concerns of your spouse about money. However, this does not mean that you should make all the financial decisions for your home.
In fact, if you constantly control the finances of your home, it can lead to resentment and bad feelings. Your spouse may feel like he or she has no control over what happens with the family's income. This can lead to major problems in the marriage.
One of the most important ways to resolve marital conflicts and prevent divorce is to talk about money. It’s that simple, but many couples don’t do it. The problem with not talking about money is that you let a critical part of your relationship degenerate into a situation you can’t control.
Here are some tips for making your home a money-smart place and avoiding unnecessary conflicts:
Have a common language
One of the biggest challenges in your marriage is not to let money become a source of conflict. Your wife should not make all important financial decisions in the home regardless of who earns the most money. Share and understand each other’s financial goals. Having a common language can help you work towards a common goal.
Make equal investments
To avoid fights over money, you and your spouse should make equal investments in terms of time, energy and resources in the relationship. You cannot expect to have your way all the time because you are the primary breadwinner.
When you understand that it takes two to build a happy marriage, you will stop treating your spouse as an enemy or someone who stands in the way of your success.
Work, get the salary, pay the bills, divide the remaining money into weeks in order of importance and do not compromise on the financial plan. Simple on paper but very difficult in practice. Running a home economy is more difficult than running a country economy, especially when income is constrained. Making decisions jointly between spouses and sharing responsibilities is a necessary and compulsory option because marriage is a common sharing for everything.