Top Financial Fights in Marriage & How to Fix Them

Money is one of the most common sources of conflict in marriage. In fact, research consistently shows that financial disagreements are a leading cause of stress and even divorce.

From spending habits to financial control, couples often clash over how money is earned, spent, and managed. So, consider some of the biggest financial fights couples face and how to resolve them.

FIGHT #1: SAVER VS. SPENDER

Some people are natural savers, while others are wired to enjoy spending. Studies suggest that spenders and savers are often drawn to each other, creating built-in financial friction.

How to Fix It: Recognize that the issue isn’t just about money but about differing financial mindsets. Set clear spending limits, agree on major purchases in advance, and create a budget that balances both saving and spending.

FIGHT #2: POWER STRUGGLE

One partner may earn more or take control of financial decisions, leaving the other feeling powerless.

How to Fix It: Regardless of income, both partners should have financial autonomy and responsibility. Consider setting up a system where each person has a designated amount of money they can spend freely. Transparency and shared decision-making help prevent resentment.

FIGHT #3: HELPING FAMILY & FRIENDS

One partner wants to lend or give money to a loved one, but the other disagrees, especially when repayment is uncertain.

How to Fix It: Treat money given to family as a gift, not a loan. If you can’t afford to give it without expecting repayment, it’s better to say no. If money has already been lent, consider letting go of repayment expectations to maintain family harmony.

FIGHT #4: FINANCIAL SECRETS

Hiding purchases, secret credit cards, or undisclosed debts often stem from embarrassment or fear of conflict.

How to Fix It: Honesty is key. The longer financial dishonesty goes on, the worse the consequences. Establish open communication about money and agree on clear financial boundaries to prevent future deception.

IN A NUTSHELL

A solid financial plan helps prevent recurring money arguments. Start by setting shared financial goals and agreeing on a budget that reflects both partners’ priorities.

Image Credits: unsplash.com

Financial harmony isn’t about never disagreeing. With the right approach, you and your spouse can build financial stability together.

Sources: 1 & 2

 

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5 Marriage-Killing Money Habits

Marriage beats having a partner on a long-term basis. I am no expert on love, but my goal is to make sure that you understand the financial obligations that you each bring to the table. Otherwise, arguments can occur. Arguments about money hamper many marriages. Do not let it happen to you!

#1: FIGHTING OVER WHAT’S MINE AND YOURS

Sometimes, couples split the bills or allocate a fair amount of cash and settle everything in an equitable manner. Each spouse can spend what they have left as they see fit when the bills have been covered. This process of splitting what’s mine from what’s yours can often build resentment. It also divides the spending power, which eliminates the financial value of marriage.

#2: COLLECTING DEBTS

From student loans to credit card bills, many people come to the altar with financial baggage. If one partner has a habit of incurring debt, the other can feel the burden. People in such situations may take some solace in knowing that debts brought into a marriage stay with the person who incurred them.

#3: PLAYING WITH POWER

Power plays occur in many ways such as controlling the allowance of the unemployed spouse and comparing oneself from a spouse who came from money. It is important that both partners cooperate as a team. Joint account offers greater access and transparency, which can aid the unbalanced power dynamic in your marriage.

#4: SPENDING HABITS

Personality can play a crucial role in discussions and habits about money. The age-old conflict between spenders and savers can play out in many ways. Many of us may display more than one of these characteristics at a given time but will typically revert to one main category. Know your spouse’s money personality and discuss your differences openly. Recognize bad spending habits and address them.

#5: LOANING YOUR FAMILY MEMBERS

Do you have a habit of loaning money to your friends and family members? Respecting each other’s goals, needs, and expectations can be especially tricky. For instance, your partner’s mom may need money because of a serious illness, or your sister just gave birth. You need to allocate your travel fund to the medical expenses instead.

Image Credits: pixabay.com

The joys (and sorrows) of having a bigger family often extend to your wallet.

Sources: 1 & 2

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