Posts Tagged ‘talk’
Iknow reading that title many of you are already thinking of what grade you are. I want you to read this post and be honest with yourself. Only you know what your money and marriage is about. Take the time to read through and be determined this day to make a change.
Grade A – You and your spouse openly and honestly communicate about money in marriage weekly if not several times a week. You have mutual financial goals set and are accomplishing those goals. No one person is bearing the financial burden. You and your spouse have dealt with financial challenges and survived them together without letting the stress of the financial challenges change who you are. You have learned that your love can conquer all and you work together as a team not as opponents. There is no pointing the finger in this grade, each accepts responsibility for financial mistakes and move on to solutions. Husbands and wives in this category have discovered what works best for them joint account or separate account or a combination of both. Have taken financial classes and also helped other couples.
Grade B – You and your spouse communicate about money about twice a month. One person is managing the money and makes sure the other one is knowledgeable about the finances. The person managing the money is bearing the burden of knowing immediately about the finances and tends to stress about it before talking with the other. There have been times when the money manager has been overwhelmed with the financial challenges and managed to get it resolved without including the spouse. When the money manager is overwhelmed it is evident that the personality changes which adds more stress to the marriage. Once it is resolved, returned to natural self. Will get financial help if they feel it is necessary.
Grade C – You and your spouse are not communicating about money until an unexpected emergency happens. Then you go into panic mode and operate out of desperation. Once the emergency is solved, you return to the same behavior of not talking about money. The person that is managing the money, pays some bills and not others hoping that the spouse does not find out. There are no mutual financial goals. One person begins to feel as if there needs are not being met due to a lack of finances. Want to get help but think you cannot afford it and that leads to more financial mistakes.
Grade D – You and your spouse found out that one of you came into the marriage with existing debt and doesn’t like it one bit. Furthermore, that person is a shopper. The silent treatment has set in because emotions have taken over because they had a different expectation for their marriage relationship than what is actually happening. The spouse without debt is not even sure if they are going to stay. Every day they think about it while at work and dread coming home because it makes them mad. This spouse without the debt is being driven by emotions and does not even want to look at what could be a solution. This makes the marriage very stressful and could also lead to health problems. There are thoughts of getting out of debt but embarrassment stops you.
Grade F – There is no communication on any level about money. There is no joint account – everything is separate. Both parties place the blame on each other which leads to no resolution. They keep ending up in the vicious cycle of debt. All they see is continuous debt and say to themselves why bother, not sure if this marriage is going to last anyway. Husband and wife came to the marriage with financial baggage and things are unraveling in a fast past. While the money issues are unraveling, the husband and wife are growing father and father apart. This couple is not thinking about money and marriage issues in any way, shape or form.
This post was designed to make you evaluate your money and marriage relationship. Are you talking enough? If you would like counseling or want the financial education program I created, send me an email via email@example.com .
Copyright ©2009 – Dr. Taffy Wagner – Permission granted to use and reproduce with proper citation.
Money is an important topic when it comes to engagement and marriage. This is yet another anonymous question that came in from a soon-to-be groom. What do I do, my fiance does not share her support of expenses? Heavy duty topic which can lead to an uneasy discussion but this should be talked about.
I would imagine this groom-to-be is not the only person that is dealing with this issue. First, how long has your fiance not been willing to share in his or her support of expenses? What people fail to realize is this, if their is a certain behavior that is exhibited that you do not agree with yet you remain silent, then it is perceived in the other person’s mind as accepted or agreed upon. Therefore, for example if the fiance has not ever shared in her support of expenses, then it will take some doing to change that behavior.
Next, I would recommend that you sit down with your fiance and begin talking about the money matters more in depth than you were before. This clearly should raise a red flag that the does not share her support of expenses. Why is that? Are some of the expenses hers? Are these wedding expenses? Also are these needs or wants? These are definitely questions that you need to sit down and discuss now. Why? You are headed down a road of pointing the finger and blame if one person does not agree with financial expenses that are happening in the marriage.
You cannot look at this one sided and place all the blame on her. Be honest with yourself because deep down you know what the reason is. Do not be in denial. Both of you need to take responsibility and discuss your finances openly. What are the mutual financial goals for the marriage? What debt is being brought into the marriage by the husband and the wife and so much more. Do not avoid having these discussions or you could be setting your marriage up for financial stress unnecessarily.
Financial secrets upon being revealed can divide a marriage. Begin talking with your fiance today about the expenses.
This morning after class with our twins, I was doing some research and discovered this article that is titled, Is One Month Into Dating Too Soon to Get Hitched? Of course as suspected, this article is talking about famous people tying the knot after one month of dating. Then it goes on to share the pros and cons.
I started thinking about is there an approved dating period before marriage? Truly there are some people that get married in a short period of time after dating because they just know they have found their best friend, soul mate that they want to spend the rest of their life with.
Let me share my own example, many many years prior to meeting my husband, I had two serious relationships where one lasted for four years and the other was three years. Neither of those led me to walk down the aisle saying “I Do” and believe me every day of my life, I am truly thankful for that. There was waaaaaay to much drama in each.
But when I met my husband, we only dated for six months and then we were married. We knew after three months of dating that we were supposed to be married. We spent lots of time talking about our pasts, things we did and what we would like to do. I am a very no nonsense type of woman – what you see is what you get. No time for pretending to be someone else.
Here is what I would have to say if someone is asking to get married after a month of dating or even a few weeks:
1) What is the hurry? Is there some information that you are about to find out that if you are married does not have to be disclosed? Is there some legal trouble they are about to get in and this would permit them to avoid it.
2) Is their financial gain on the other person’s behalf by doing it sooo fast? You have to be very careful when it comes to a “rushed” marriage when you haven’t known each other for so long.
3) Sometimes children are involved… enough said.
I am not saying that people should not get married. What I am saying is people should take the time to get to know each other and do not gloss over what could appear to be a “red flag” even while dating before moving on to walking down the aisle.
Marriage is a wonderful lifestyle and should not be entered into on a whim or because it is what everyone is doing. Take the time to date and have fun, it doesn’t stop once you are married to the right person.
Let me say right off I know this one is going to be loaded. When the question came in to my email, I thought to myself there are other wives this is happening to or vice versa. So let’s take it one step at a time.
Obviously the wife who wrote in anonymously found out after the fact. First question, how did she find out? Did she discover that money was missing from their joint accout? Or did he say, by the way honey a couple of weeks ago I loaned this friend some money?
I guarantee you the wife that wrote that sent that question in, is more than likely mad because he did it and she did not know about, may not even like the friend the money was loaned to and probably feels she cannot trust her man with their money because he will give it away to whomever he wants without talking with her about it as if she does not have a say so.
Money is a serious subject that cannot be avoided between a husband and wife. Husband and wives do you have an understanding about loaning money to friends, relatives or colleagues? If you do not, this is something that should be discussed beforehand. It will prevent the type of email I received.
When people lose trust in relationships, it is hard to get it back. It takes a lot of work. Then the question becomes did he really loan the money or give the money. Either way it is a serious discussion that must be had in order to prevent what the couple is dealing with right now in their relationship.
This is not saying you should not loan money, but husbands and wives should know what they agree on when it comes to loaning money, to whom and agreeing even on an amount that will not affect their household finances. Be careful, because you do not want to become a personal banker at the risk of your own marriage. It’s not worth the risk.
Last night I received this question from a colleague via my facebook page. Yes, I am on facebook as well. This is the exact wording – I still find so many do not discuss money before they get married. Why is that? What are your thoughts? It is such a vital topic that people seem to avoid for one reason or another.
I kept thinking about it last night and decided to write on it today. Money has been labeled that “taboo” topic. However, people are beginning to talk about it because of what has happened with the economy. Most of the ones that are discussing it though are already married. The effect of the economy when it comes to brides and grooms are discussing how to have their dream wedding for less. There are couples that are even going so far as to ask their guests to pay for their wedding. Mind you, some of those couples are getting married for the second time and I have clear views on that, but I digress.
Below are some of the reasons I know people are not talking about money before marriage:
1) Fear – Afraid if they tell their soon to be spouse about their financial mistakes, they will break off the engagement or wedding. Result: Other financial mistakes occur while you are not sharing about the initial ones.
2) Secret – Believe if they can just get beyond the wedding day, then they will be the ones to manage the money and their spouse will not find out. Result: it does eventually come out and can lead to arguments and trust being removed.
3) Caught UP in the Wedding Day – Both the bride and groom are so “caught up” in the wedding day, they do not even think to talk about money. Result: as soon as the honeymoon is over and the other one finds out about their debt, the arguments begin, distrust occurs and much more.
4) Denial – Don’t discuss money because they think they have a handle on everything. Result: As soon as that unexpected financial expense happens, they don’t know what to do. Usually turn to mom and dad instead of each other.
5) Want to be a statistic – By not discussing money before marriage, couples are choosing to go down the path of potentially becoming a divorce statistic. Getting divorced because of money.
6) Don’t soon to be spouse to they are a shopper. This way they can walk down the aisle and then attempt to curb it initially and then revert back to their trueself.
7) Lack of trust. They do not trust the person when it comes to money based on past baggage with someone else, so they are not even willing to open that door.
Those are some of the reasons people would not discuss money before marriage. I don’t agree with them because at the end of the day, all of them could lead to divorce court.
What do you think?
Last time I left you with the thought of if you were depending on God or your mate when it came to finances. I also said what is causing the divorce is deeper than money. We reference money as one of the top reasons for divorce but as I said before, money in itself cannot do anything.
When couples are arguing about money, they are arguing about 1) its mishandling – overspending and impulse buying which results in not having enough to pay bills or for other necessities; 2) an individual’s value system when it comes to money. Value system meaning your beliefs about how money should be handled, who should handle the money and what takes precedence when it comes to expenditures in the household. Value system is comprised of many factors especially when it comes to money – your environment, what you saw and experienced when you were growing up regarding money, your personal handling of money good and bad. All of these factors form your value system. So when your value system is challenged you react or respond a certain way.
Value system is big – so let me put it into perspective. For example, as a person that was raised by a single parent with little to no access to money, it would be within my value system to be very cautious about money, paying bills and making sure there is some left over. So it would not “feel good” to me to buy on impulse. Now from Married Christians perspective if you know that you are to pay your bills and you spend impulsively on a want versus a need and now you cannot pay your bills – the discussion is happening in a way you might not like.
So Married Christians may be divorcing and utilizing money as the reason but it is not the reason it is their value system being challenged. They have had enough. Money issues affect more than the husband or the wife, it affects their relationship, performance at work, if they have children (them as well), household bills and more.
Before you decide to file for divorce, think things through and be honest. Think about your actions when it comes to money and marriage – 1) What role did you play in this area that you believe has failed and 2) Did you have structure when it came to finances? Begin talking it out with each other to each other about money to see what you can do to make better decisions to sustain the marriage and time invested in each other than versus throwing away this union.
CAUTION: Do not wait until you are in Divorce court to find out about each other’s financial habits.
I must say when I saw this article 5 Financial rules for shacking up does not even sound appealing. The term shacking up sounds so dated as well as non-committal. Well, as I think about it, it is non-committal.
Someone could get tired of living with the other especially if one has marriage on the mind and the other person likes things they way they are. Once that pressure starts of marriage on the brain, the other person is surely to walk if that was not in their plans.
This article shares one person discussing how they did not talk about long-term plans for the relationship, who would pay for what and sure enough they broke up. Article list five reason for shacking up – 1) As a means of saving money, 2) Decide who pays for what; 3) Divvy up the chores; 4) Decide on a breakup plan and 5) Never move in with someone who is unemployed.
I say what is the purpose of playing house? If you are a single person that has been on their own, maybe not a popular choice but could you move in with your parents in order to get your financial footing or seek a roommate situation instead of moving in with our boyfriend or girlfriend.
I have seen situations where the people have shacked up together for 5 or 10 years, they get pressured by their friends about marriage and then they get married. After being married only a year or two they get divorced. No turning back.
Before you decide to move in with someone, ask yourself what is your overall goal? Don’t settle for less. If what you want is marriage, does not necessarily mean it will happen by living together first. The opposite could be true.
This is a topic that I felt was worth writing about because it happens and it can be one reason that couples end up in divorce. When a husband will not share the money with his wife there is a reason behind it. Could even be more than one reason. Let me be clear, I am not saying this is right by any means what I want you to understand is the following: husbands and wives do not just keep money from each other for no reason.
In order to get to the root of the reason, consider these questions:
1) How long have you been married and has this been the practice the entire marriage?
2) If this was not the typical for the marriage, what took place in order for this to start happening?
3) If the husband is not sharing the money with the wife, does the wife have any means of income?
4) Are wives talking with husbands about the household finances? You could be discussing the finances without having access. Sure that could be cruel – begin talking.
5) This could stem from a previous relationship even though you are not that person. Therefore, if that is the case then sit down and talk with your husband about the household finances and establish mutual financial goals for the home. Furthermore, the message should be conveyed that you are partners and not enemies. You are on the same team. You will have to prove this to him which will come in the form of your managing the money appropriately.
Consider those to start with and begin talking with your spouse. Find out his reason for taking that stand and then forgive him. But you must know what the reason is first.
We have all heard that said in vows during many weddings that we have attended and some of you may have even said yourself. Bride takes the groom “For better of for worse, for richer or for poorer”. Those words are often said without any thought of that become the life of Mr. and Mrs. Wed.
Then when times get tough due to financial choices made, one party of the marriage wants to divorce because of finances. Listen, we have all heard the statistics that money is one of the top three reasons for divorce. I ask you, what happened to For Richer or For Poorer and For Better or For Worse? Did they not mean or did not give any thought to life happens? Sure, Life happens and situations happen but you are the one in control. It does not necessarily matter what the situation is but HOW YOU HANDLE the situation and come THROUGH it.
Let’s say for example a spouse loses a job and now the budget gets a little tighter, well that is okay. Couples must learn to work together and not treat each other as enemies. That husband or wife did not get up this morning and say I am going to go to work and do everything I can to lose my job. There are times it is not even their fault. Jobs have been cut due to the economy and for some companies hours have been reduced in order to sustain some companies. Either way, it was not your husband or wife’s choice that this happen at their place of employment.
A situation has presented regarding employment and what are the options you have in order to keep your household functioning accordingly? Get creative – be an optimist and not a complainer about your situation. Complaining has never solved anything and there have been times when complaining makes the situation worse. If your goal is to make the situation worse, then go ahead and complain. If your goal is to make it better, then start by changing the words that are coming out of your mouth. Become solution oriented and not a victim of what happened.
I would imagine even with financial challenges, deep down you still love the person. So financial challenges does not change that. Do not make decisions based on emotions. When you said your vows – you chose to say ” I Do” because you love the person. Love is a choice and not an emotion. Begin taking your vows seriously and talk with your spouse today.
Being the researcher that I am, I was reviewing different press releases tonight to keep up on things happening in the marriage movement and I found a release titled Almost 2 million Brits Admit to hiding extravagant purchases from their spouse. WHOAAAA.
It says “The Bank’s research found that almost one in five (18.5%) people in debt and in a relationship claim to be hiding the true extent of their debt from their partner or spouse.” This is an international problem – talking about money apparently is not on the top of couples list.
It is time to change that because that is unbelievable. This goes to show that people are not comfortable even in marriage opening up and disclosing their financial challenges. Yet, when most people get married within their vows are included the words For Better or For Worse, For Richer or For Poorer. What does anyone have to gain from all this secrecy? I say nothing. However, you have a lot to LOSE by hiding these truths.
The way I see it, these financial challenges are temporary and once a husband or wife takes control of their finances it can all change. But if they choose to continue the secrets and managing money improperly, more than likely the door will be open for additional financial challenges. I will let you in on a secret – until you begin correcting and talking about the financial mistakes, you are in a vicious cycle of making more mistakes and incurring more financial stress in your life.
Take control of your finances today and do not be controlled by your finances. There is a big difference.