If someone asked you what would prevent money problems in a marriage...what would you tell them?

Answer 1

Trust, communication, and respect. If you can't talk about problems - money or whatever - then you're in trouble.

Answer 2

Balance the checkbook together weekly. Write some details about the purchase under the description right after purchase.

Learn what you HAVE. Learn what you TO PAY. Learn your financial GOALS. You both need to be on the same page. Whoever respects the money should control the checkbook and the other gets an allowance that meets their spending budget. That doesn't mean that they can't have more, it just means they would need to sit down and say how the budget isn't working.

Try "Budgeting for Dummies" or "Marriage for Dummies"
I love the 'dummies' books because they are written with an aire of basic understanding.

Answer 3

Don't marry a spoiled person. They are always going to throw away money like no tomorrow on stupid stuff. If they grew up knowing money doesn't grow on trees and they are frugal- then it will not be a problem. Never use credit cards unless it's an emegency or your about to loose your car/house etc.

Answer 4

Honesty and communication is definitely key, but even more important than those two things are common goals. Ie: in 5 years we will have XX saved up for XX. In 10 years, we will have XXX for XXX. We will contribute XXX each year into an IRA account, we will have XXX set aside each month/year for fun purchases/vacations, and most importantly, each person will have XX per month for their own stash to spend however they choose. Being on the same page with somebody, working towards a common goal is what makes a true partnership.

Answer 5

Always keep each other aware of what is going on financially. Always tell your spouse, before you spend any money and respect what your spouse has to say, whether they agree, or not, etc.

Working together financially is the only way it's working.

Answer 6

communication and planning ahead.

70% of marriages end in divorce due to money problems because of a lack of communication. People don't like to talk about money, but it's encredibly important!

Answer 7

Don't use credit. Only buy what you have the cash for. Stay out of debt (except for owning a home). Keep a joint checking account. Save in a high interest savings account (like ingdirect.com).

Now if only my husband and I could follow those rules!!!

Answer 8

This ebook might help you to understand what's wrong in your relationship and It also teaches what to do to try saving your marriage http://savemarriage.toptips.org
It helped me alot!

Answer 9

keep seperate checking accounts and have one joint checking account for bills and what not... we put and even amount into our joint account every paycheck to pay for bills and to save for rainy days and whatever is left in each of our accounts is ours to save or spend. We tried it ll together and fought like cats and dogs about everything we bought or wanted to buy, now that we have seperate money we are much ahppier again. good luck

Answer 10

Both parties must agree on "wants" and "needs".

Both must be honest in their spending and credit should never be used for anything other than a house and cars.