To all those married or thinking about marriage this year or the near future, don't shy away from discussing money. I know that you don't always want to share the ins-and-outs of what's happening financially, but not disclosing the information to your partner can cause real contention.
I recently was listening to a program on the radio show, Focus on the Family, on 99.5 WDCX. They had a married couple discussing how they got out of debt and the way they discussed their finances in the home. Often times, there is always one person in the relationship who is the spender and one who the saver. Guess which one I am? I'm sure many would think that I am the spender but between me and boothang, he wins the race when it comes to spending.
We have been able to find the balance of discussing finances and how and on what we spend our money on. On the radio, the couple advised bringing up the topic with LOVE. It doesn't help to argue over money that has already been spent, or pressuring someone to follow a budget they don't understand. If the topic comes up in a loving way, it is more likely to be well-received and hopefully both parties will follow the outlined plan or budget.
There will be many times when you will want to make big purchases for the home or for the kids, and it is ideal for everyone to be on the same page. It's not fun to be surprised by a purchase that was not on the budget especially if the plan is to get the debt down. Communicate with each other and even if your spouse doesn't initially show interest, don't give up! Try different ways of explaining the plan and what you both can do with the your money if you are both on the same page.
Remember communication is key and don't let money control the happiness in the marriage; but be happy spending money the ways you want together.
Till next time.