| Are you your own worst enemy when it comes to personal finances? Do you suffer from thinking if you just ignore the situation it will solve itself? You do not worry about the budget, that is your spouse's responsibility. |  |
There are several different ways you can sabotage your personal finances. Ignoring the situation does not solve anything. What usually happens when individuals ignore their responsibility is something finally breaks, and you are forced to deal with the outcome. It could begin with phone calls from creditors, you get sued, or you may even be facing bankruptcy because you continued to spend and live beyond your means. Another common situation you may find yourself in is your first big fight with your spouse (for you newlyweds), or the possibility of divorce because your spouse has had enough. Money problems are still one of the top reasons for divorce.
Putting the entire weight of balancing the whole family budget on only one of you is not fair to your spouse and will usually lead to arguments because you are not on the same page with your spending. If one is trying to pay the bills and make ends meet every month and the other person in the relationship is just spending to satisfy there wants, this is not healthy for any relationship.
You and your spouse need to agree on your spending and both work on a written budget together. If you are new to budgeting, it may take you awhile to get that first one made, and you will probably have to redo it a couple of times for the first few months. Don't worry, that's okay. Don't think of this as mistakes and get frustrated, think of it as a learning experience and that you're educating yourself for the better. No one will get the budget right the first time. It doesn't matter if you're newlyweds or you've been married 15 years and never had a written budget before. It takes time, and before you know it, your monthly budget meetings will only take ten minutes, and you won't remember the last time you had an actual argument about money.
Communication is key. This will not solve every issue in your relationship, but if both of you are willing to communicate and give on different things, it will go a long way. Develop a plan you both can agree on and continue to act on your plan every month.
Putting the entire weight of balancing the whole family budget on only one of you is not fair to your spouse and will usually lead to arguments because you are not on the same page with your spending. If one is trying to pay the bills and make ends meet every month and the other person in the relationship is just spending to satisfy there wants, this is not healthy for any relationship.
You and your spouse need to agree on your spending and both work on a written budget together. If you are new to budgeting, it may take you awhile to get that first one made, and you will probably have to redo it a couple of times for the first few months. Don't worry, that's okay. Don't think of this as mistakes and get frustrated, think of it as a learning experience and that you're educating yourself for the better. No one will get the budget right the first time. It doesn't matter if you're newlyweds or you've been married 15 years and never had a written budget before. It takes time, and before you know it, your monthly budget meetings will only take ten minutes, and you won't remember the last time you had an actual argument about money.
Communication is key. This will not solve every issue in your relationship, but if both of you are willing to communicate and give on different things, it will go a long way. Develop a plan you both can agree on and continue to act on your plan every month.
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