Money Talk Matters

Posts Tagged ‘newlyweds’

Finances is a loaded issue for any marriage whether you are engaged, newlywed or married for a long time. It is loaded for several reasons:

(1) We bring our own preconceived ideas into the relationship about money;

(2) We bring past experiences from other relationships into it (good, bad or indifferent)

(3) We also bring our dreams of what we would like our lives to be when it comes to money

(4) We also try to live up to what other people think we should be doing with our money in our marriages.

When you look at those and you add being married to that component – it may even seem like a “double whammy”. Each of those 4 components above applies to each person in the marriage. Therefore, because it is a loaded issue IT WILL require work and involvement on the part of both the husband and the wife.

When it comes to money and marriage, sure one person may manage the money; however it requires both people to be involved in order for their to be peace in the marriage about how money is being spent, how bills are being paid and financial plans for the future.

In your immediate surrounding between your family and friends, marriages that go the distance are those where they talk about the money. I didn’t say argue – they talk about the money, have a plan and work it together. They realize they are on the same team and not against each other.

One of my favorite Money and Marriage Tips that I often post on Twitter is the biggest expense of marriage is …. DIVORCE. Well, well how about that the New York Times released an article on October 23, 2009 and in the very beginning it says, “But most couples don’t realize that divorce can also be among the most ruinous financial moves anyone can make.”

Money Talks To Have Before Marriage continued to share the affects of divorce affect far more people. Divorce is not just about the husband and the wife, it affects the children, relatives and friends of those spouses. It is very costly. The author of this article states, He has wanted to devote a series to divorce and money for a long time and decided to start with discussing finances which could save some marriages if people made it a priority”.

Money and Marriage should be a lifestyle of open communication about finances, establishing and achieving mutual financial goals as well as removing financial stress and strain from the relationship. When financial stress takes over the relationship, husbands and wives tend to forget about the loving and nurturing part of their relationship. Dreams are forgotten. Pointing the finger becomes the norm and shifting the blame. Blaming each other does not solve the financial challenges.

Brides-to-be, grooms, and even newlyweds take note. Sure you can spend thousands of dollars on your wedding, but what will you do to ensure that your marriage lasts for a lifetime?