1. Why is money such a common topic that triggers conflict in relationships?
It may be due to lack of proper education about financial teaming up with spouses and culturally, people rarely talk about money.
2. What are a few of the most common money-related disagreements that couples have? (Please list at least three and explain each). For each of the disagreements you listed, share a tip for how couples might get on the same page/reach a compromise.
If one partner accumulates debts, it is likely to affect the other one later. That is why any accumulated debts before the relationship and after should be talked about. As a couple, you should sit and discuss the debt amount you can handle and develop a repayment plan.
A man in marriage may be uncomfortable if he earns less than his wife. Some women also may free themselves from responsibilities despite earning more. It may cause resentment within the marriage. It would help if partners practice financial transparency.
Money for leisure
Some activities may be exceeding a small expense. It may not be impulse buying, but recurring expenses that with time bring a significant difference to your budget. It is best for a common ground to be developed and maintained, especially if both parties had a different living standard before uniting.
3. If a couple really can’t stop fighting about money, what do you recommend?
I recommend joint accounts for spouses. Where there will be transparency in all withdrawals and transactions. I also urge couples to have spending budgets. Maybe your hobbies are different and require spending, talking about it can help reach an agreement. You can also utilize financial tracking apps.
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