While financial problems only account for about 5% of divorces, more than 70% of married people claim some kind of money problem. Needless to say, issues related to money cause substantial stress to marriages. Any kind of stress in a marriage has the potential to damage the relationship between the two partners.
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Marriage is complicated. Within a marriage, there are a number of things that need to be worked on, mended and muddled through. It’s not an easy endeavor, but it’s one that’s worth the effort. Experts say the most important thing couples can do to maintain a strong marriage is to maintain open communication. When one partner, either the husband or the wife, keep secrets from their spouse, it’s bound to cause tension, heartache and problems within the marriage. It’s important to remember that marriage isn’t only a love relationship, it’s a partnership.
There’s a difference between being bad with money and flagrantly being irresponsible with it. A person who’s bad with money may yet be teachable. Several communities have groups that offer financial training, as well as state funded programs designed to help families learn about finances. If the problem has to do with an irresponsible partner, when it comes to money, a greater challenge may be in store.
Many couples share a bank account while others keep their accounts separate. What each couple does is up to them, and these kinds of decisions should be made together. In either case, if one of the partners isn’t willing to help out, a solution must be reached. The first thing to be done is to review a current bank statement. If the accounts are separate, each partner should obtain their own statement. As a couple, each transaction should be carefully reviewed. Be open and resist the temptation to get angry. These kinds of problems often take time.
Sometimes, there may be a more serious, underlying problem to explain why a spouse is bad with their money. Shopping is a real addiction for some. If this is the case, it’s important to be honest and supportive. Professional counseling might be the best option for some. One shouldn’t be embarrassed to seek out counseling for such an addiction – most people at some point in their lives need the advice of a professional for one reason or another.
If a spouse has a problem with money, it’s vital to address the problem as early as possible. Disregarding or ignoring it may be lead to serious financial problems. If the debt is already too high and there’s no potential for solving the problem, it may be best to talk to a bankruptcy lawyer. This may help struggling couples start over.
Greg Wilson is a freelance blogger for JacksonWhite Attorneys at Law, the best bankruptcy lawyer in Glendale.
About The Real Supermum
keep accounts seperate, take his card off of him lol. but seriously, my dad suggested taking the amount of money you know you need that day out with you rather than carrying your card, you can spend so much on things that are not needed simply because youve got the money
My oh is very irresponsible with money!! We argue alot and he always refers to it as MY money coz i dontb let him spend it willy nilly but i dont think im unfair but i know not to waste money. He spends money on his football team, scratchcards, betting and crap to eat wheres as i go to do the food shop, i pay thebills, i but our lo clothes and anything else she needs and if it was up to him we wouldb have any xmas presents bought till xmas eve lol. x
This reminds me like my oh.. soooo bad with money, goes on scratchcards, xbox games ect, i end up buying everything for our son, hes a pain in the asss hes like a big kid! lol xx
my oh can be like that sometimes ordering more bloody tools hes a big kids with his big boy toys lol xx
take over
x
my oh sorts out our bills etc, he works our money out n then tells me how much we have spare to spend. Im quite grateful because its one less thing for me to do. Although it puts him on a right power trip! lol. He tends to get quite controlling over money, i have to remind him sometimes that its both of our money!x
don’t give him any :p
This is me, I think sod the bills my kids need or want come first when it turn it ended me up in lots of trouble xxxx
:@ this is a sore topic with me my oh handles the money insists hes brilliant with it when hes far bloody from!! last week we had a argument and i confronted him so when we got paid the day after he agreed to get the money out of the bank and give it to me to do shopping pay bills etc to see if i could do a better job than him we got 196 pound and get the same amount tomorow and i have a remarkable 70 pound hidden making him think its ten to see how smug he is when i show him the real amount and we get paid again in 2 days bills paid cupboards full even a few treats makes me wonder wether he was wiping his backside with it!!!!
we have separate accounts partly for this reason and partly because i have never known someone have such an issue with fraud every other month his account is locked down due to it ! he transfers most of the money to my account he keeps what is needed for rent and stuff and i look after the house money
hide the bank cards lol x
im aweful with money
me n my oh have sep accounts yet he has no idea just how much debt i am in and i cant tell him either, im the only one who works and have full control of all money…not good x