Dealing With Marriage and Finances
Among the many problems that are being faced by newly wed couples (and even long-term married couples) is financial management. Difficulties in adjusting to married life, coupled with the pressures of maintaining a stable financial capacity, are the biggest source of arguments and stress in a marriage that eventually lead to divorce and domestic violence. Whenever one of the parties thinks that he or she is not earning enough or is being dominated by the other when it comes to their contribution to their finances, this is when the problem starts. When this happens, or better yet before it even happens, it is the responsibility of both partners to settle their financial issues as a unified entity.
To prevent problems about financial management from wrecking your married life, there are many ways to effectively manage and strengthen your marriage and finances altogether. First is for both of you to learn how to plan your actions properly. Planning plays a very important role when it comes to handling either marriage or finances, or both. In leading a fruitful married life, you would have to plan about many things, those that have to be achieved and those that have to be avoided, and anticipate any possible problems that may arise. The same principle applies to household financial management.
Before indulging on a shopping spree, think over the things that are supposed to be prioritized on your shopping list and decide if you have enough funds to spare for other things that are not listed. Plans are carefully decided upon for you to see where your management effort would lead to, and once settled with the right plan, it is important that you diligently follow it or else it will waste everyone's efforts.
Another way to effectively manage your finances as a married couple is to maintain a certain budget. This budget, just like your other plans, should always be considered whenever you're making any financial decision. Spending way over your budget will only create problems as it would lead to a time when you can no longer buy your necessities simply because you've got no funds to work around. Though it would cause some hard feelings, being strict on following your budget is a good idea because in the long run both of you will benefit from it in many ways.
Last, but definitely the most important aspect of financial management is saving money. Married couples must learn the value of saving money from the very start. Basically, you wouldn't be able to do the first two tips here if you haven't built up a fund to begin with. There is no way that you can plan expenses and set a decent budget if you don't even have a dollar to spend. If you have your savings, you will not go hungry during those unfortunate dry days of the year, and you will definitely be able to get through tough financial difficulties without even opening up an argument.