Money management is an area where most adults struggle. It can be time-consuming, stressful, and just not a whole lot of fun. Not to mention, money management is difficult for just about everyone today. Did you also know that one of the top reasons why marriages and relationships fail is due to money? It’s a proven fact that money is one of the top five things that couples argue about. Here are some tips on how to save money, deal with money management, and save your marriage.
Set a budget…and vow to stick to it. The first step to any effective money management or debt management plan is to set a budget, and stick to it. Both partners need to agree to this and do their parts in order for this strategy to work as it should. This involves figuring out your income, your expenses, and then what you have left over. Whatever is left over, even if very little, plan to put a small amount in a savings account. Even if it’s only $20, it will surely add up over time.
Spend quality time together…going over finances. No, it’s not “date night”, but still an essential part to the success of any relationship or marriage. Spend time together on a regular basis going over bills, expenses, and debt. Plan to “check in” with each other on a regular basis. This could be once a week, once every other week, once a month, or even once a day, if necessary. Find out what works for both of you and commit to this schedule.
It’s also important to approach these “meetings” in a positive way. Money can be stressful, and couples who are struggling with finances know that the topic of money at all can start an argument. Approach this subject lightly and carefully, and each partner should share one positive choice they made in relation to finances. This could be not spending an extra $5 on that coffee, or putting $30 in the savings account instead of $20, or not buying those pair of shoes that were on sale in the window.
For richer or for poorer. One of the most important aspects to any relationship or marriage, especially involving finances, is communication. Partners that openly communicate about money, their goals, and debt management, will be able to successfully deal with the stress and pressure that finances can put on any relationship or marriage.
For those couples who are severely in a financial rut, there is also the option of affordable title loans. Title loans are a debt management strategy that, while it can be costly, it can also wipe out debt and free up cash in an emergency situation. Consider title loans before considering divorce.
While Affordable Title Loans doesn’t serve as a marriage counselor, they have a lot of experience helping couples and individuals solve debt quickly and easily. Affordable Title Loans is a reputable title loan company that takes the time to work with individuals, hear their story, and do what is necessary to help them get out of debt…and fast! Contact Affordable Title Loans today to see how a team member can help you in one of their Idaho or Utah locations.