Smart money decisions will help your marriage. The stress of debt and the weight that comes with that strains the marriage. Work together with your spouse to figure out how you can get out of debt! Sit down and make a budget. Write out EVERY thing you spend money on for 1 month and then take a look at where your money is going. You will be surprised. After you do this sit down again and figure out what you can cut out so you can pay more towards debt. These kind of smart money decisions will help you get out of debt faster so that you can enjoy eating out or buying something without the stress that comes with debt! Whatever you do stay honest and know it will only hurt for a little while as you get a handle on things!
A statistic from the USA TODAY/CNN/Gallup Poll states that spending too much and saving too little is the most common issue that causes strife among married couples.
Since we know that family and strong marriages are the fabric of our society, what can we do to preserve them?
2. Wisdom in the Multitude of Counselors
Admitting financial problems is never easy. However, finding a trusted and objective source of counsel is often critical for couples who simply can’t figure it out on their own. Do you know a couple that’s making the right financial decisions? Befriend them. Ask them questions. Learn from their experience. If they can do it, so can you! If you are further along on your financial journey, look for a sound financial advisor who shares your values and will be able to guide you as you look ahead to retirement, saving for kids’ college education, investing, etc.