I tell you I am not a big proponent of titles because it tends to cause people’s behavior to change based on the title. When I saw this title this morning as I was doing some research, I could not resist writing. Title of this story is Tightwads, Spendthrifts – Attract, Marry and Fight.
The gentleman and his colleagues that took the survey said whether a tightwad or spendthrift, participants indicated they were unhappy about their emotional reactions toward spending money. I have always said you cannot get your emotions met by spending. It actually causes more problems and more debt.
Husbands and wives need to put their emotions aside when making financial decisions. Decisions based on happiness, sadness, madness or frustration can lead to more wrong decisions and cause division in the relationship. I encourage them all to thing big picture and not just the few minutes that they are in heat of the moment.
Engaged couples should talk about their views on finances prior to getting married as well as observing financial patterns. Those that are already married should re-evaluate financial habits that have been exhibited throughout their marriage and make adjustments where necessary.
Does not matter whether you are a tightwad or spendthrift, establish healthy financial boundaries for your marriage, communicate openly about finances and establish mutual financial goals for your marriage. This way everyone is aware of financial obligations.
Oh and before I leave this post, there is no golden rule that tightwads and spendthrifts have to fight in marriage.