finance in marriage

Fighting in a relationship like married couples is often surrounded by money. It is no big secret that most fights move around money, putting a significant strain on any relationship. Money issues are also very troublesome, and people complain about experiencing tremendous stress in their relationships. They cite finances as the critical reason for domestic fights, claims several studies, including the one from SunTrust. Financial issues are also responsible for divorces. The same reports claim that 22 per cent of divorces occur due to financial issues making it the significant cause of divorce. The Institute for Divorce Financial Analysis reports suggests the same findings. Adopting specific preventive measurements can help you by visiting the – money archetypes quiz.

Discuss your demons

Experts say disclosing your financial conditions before you tie your knot t can help you in the long run. You may consider this an awkward topic to discuss, but regardless of how it makes you uncomfortable, you should always discuss the demons. Talk about your financial assets, investment or obligations. If this is your second or third marriage and you have alimony to pay, be honest in sharing details. This will help you a lot in resolving issues that would bug you in the future. It’s now or never.

Have a fair understanding of your partner’s money mind-set

There are a lot of fights among the spouses that move around money. As per experts, these are clashes due to temperaments. We know temperament to be a vast potential source of conflict, which can upset the other person. The deeper you understand this philosophy, the better you can deal with your partner and understand your partner’s money mindset. There are more such things to discuss on this topic; the more you explore, the more maturity you can showcase while handling these issues. Good luck!

Don’t Spend Beyond Your Means on the Wedding

It is quite natural for young couples to get carried away and spend far too much on the wedding. According to studies, weddings in America cost an average of $26,000 and can easily cross thrice that if you live in a metropolitan area. Since most couples really don’t have that sort of savings, they start off a new chapter in their lives carrying a pile of debt. For many couples, this is yet another thing to worry about on top of their existing student loans and credit card debt. After the first few euphoric days, the couples need to start contending with repaying the debt and it can be really frightening to see the mountain of debt looming over you right from the start of your married life. It is not as if the wedding has to be bare bones but couples with budgetary constraints should try for a ceremony that is more affordable and save up for the fifth or tenth-anniversary bash when the situation should have improved a lot. so it is impontant that you start contending with repaying your loans.

Discuss Your Financial Circumstances

Couples looking into each other’s eyes may feel that it is not the right time to discuss the state of their finances; however, most marriage consultants agree that it is indeed before you tie the knot that you should bare all. To avoid surprising each other, take the time out to reveal and discuss all your financial matters; income, investments, loans, mortgages, financial obligations like childcare or alimony in case of a previous marriage, etc. If you have aging parents or relatives that you need to take care of financially, you should discuss it with your partner so that both of you can go into marriage with your eyes open.

Understand Your Partner’s Attitude on Money

Many of the conflicts that arise within marriage while seemingly have to do with money matters may actually be temperaments clashing. When one of the partners seems to be upset with the other for overspending, it could actually be indicating that the real worry is getting trapped in credit card debt. It is important to have an idea regarding your partner’s attitude toward money. This could be influenced by a lot many factors, including the way the parents discussed or handled money according to a report in Once you know what your partner’s greatest fears about money are, you will be better equipped to handle the marriage itself.

Have the Same Goals

Even though before marriage and for some time afterward, you may think that both of you are on the same page on everything including money matters, with the passage of time, it is not uncommon for the priorities and financial expectations to change. While there is certainly no restriction on attitudes changing, the real problem arises when the partners are completely unaware of the change of the mindset and things may suddenly reach a flashpoint if it is taken for granted. Irrespective of where the couple is placed on the financial spectrum, it can help to sit down once a year to calmly discuss the current financial state and reassess the financial goals that they are working toward. It is not unusual for a dream vacation to be put off if you are expecting a child or wanting to put in more into your retirement account but the new goals should be mutually acceptable and not lead to fights. Goal alignment is also especially important in the context of a family where only one partner is responsible for the income. It is quite common for the non-earning spouse to have feelings of guilt while the earning member may feel resentful of the constant pressure to earn.

Don’t Forget the Importance of a Household Budget

It is a universal truth that you need a household budget in place to keep track of your money; however, less than a third of American households seem to actually have one, according to a Gallup poll. While budgeting for most people is extremely tedious, it has significant benefits inasmuch both partners can know where all their money is going and not end up accusing each other of financial imprudence. The good news is that technology has made it far easier than before to keep track of the income and expenses; you have a lot of computer programs and smart phone apps that can make budgeting extremely easy and convenient.

Don’t Keep Secrets

It really doesn’t matter what the secret is but the fact that you kept it hidden from your partner is a good enough reason for marital discord. In financial matters, keeping secret from one partner by the other is quite common; a survey has revealed that around 7% of the American population has concealed finances like credit cards, checking accounts, savings accounts, etc. from their partners. A whopping 20% also have spent more than $500 without informing their partners. When one partner finds out that the other has been hiding, income, expenses or debt, it is often seen as a sign of trust being absent. These secrets can turn the relationship toxic and often result in divorces.


For marriages to be successful they must rest on the bedrock of mutual trust and confidence. It is very important not to rock the boat with financial infidelity. Remember you too need to accord the same love and respect as you would expect from your partner. It is expected that there will be arguments when you are married, however, it is important to conduct yourself with dignity and not use words that are insulting and contemptuous. If money issues are threatening your marriage, be sure to go in for counseling; apart from marriage counseling even financial counseling may be of great help.

Author Bio:

Daniel Ng is a freelance writer who has been writing for various blogs. He has previously covered an extensive range of topics in her posts, including business debt consolidation, Finance, E-commerce, start-ups, and tech hacks.

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