TX Money and Marriage

MONEY & MARRIAGE

Money is not directly the cause of much strife in a relationship but more so the lack of it as well as over-spending. It is imperative that each partner understands how they themselves view money as well as how their partner views money. When each partner has a different relationship with money, trouble often ensues. Time and time again I see individuals in therapy who do not appreciate their partner’s value of money. Often one person is a saver and the other is a spender. The best way for couples to handle the money issue is first for each person to talk about their view of money and then to create a budget.

I also recommend, in order to minimize financial conflicts about money, partners should never ever keep financial secrets from the other. A relationship should be built upon trust and openness and this includes how we involve our partners with our finances. Finally, it is imperative that couples learn to live and spend within their means. You know you are living below or within your means if you are able to save a little and still have money left over at the end of each month.