Monday, August 10, 2009

MONEY AND MARRIAGE

Why does money set the precedence for our way of living? If we are doing better, financially, we stay married longer. If we live in a more affluent neighborhood our marriage has a better chance of surviving. That is all true for black and white couples; money is our common denominator. I often wonder why this "root of all evil" can keep us in a relationship. I understand its one less thing to worry about and even if you are a millionaire you may still have problems. You may not even make it, but you are more likely to make it if you are more financially stable.

Statistics show that majority of marriages that end in divorce cite 'money problems' as the number one reason. I bet if all of those couples were to dig deeper in their relationship they would find the real reason for their divorce is something else. Its easy to fight over finances to mast the true problem. Money is an easy fight.

Maybe its the nicer, less complicated thing to say. Money issues versus I was a b*tch everyday is much easier to tell people. At least for me it would be.

At any rate, what can we do to stay financially sound in our marriages? What can we do if we become overwhelmed with debt? How can we see our way through the crisis?

You need to know where each other stands financially. You should know each others debts and assets. Save, save, save. Even more than before you were married. Make sure you are saving for retirement. Make a plan. Short term and long term to determine where you want to be. If you are already in a lot of debt, don't be afraid to seek assistance. In these hard economic times, never be ashamed of your money woes. It will get better over time. You just need a little hard work and dedication. Stay focused. You know what needs to be done; keep your mind on the task ahead.


We all understand money can buy material things, but those things won't make us happy forever. Fiances is something we learn over time. Some have great financial examples and choose not to or to follow or we have horrible examples and we decide to either do different or remain in the same situation.

I ,by no means, am no financial advisor. I do, however, have a very financially savvy husband. Please feel free to add to this with your comments. We all need any sound advise we can get.