Love and money makes the world go round. Agree? Let’s not lurk behind the shadows of hypocrisy but, the two really is an apple to a pie. You can never be happy in love when you don’t have the money to maintain it and same goes the other way, you cannot totally be happy when you have all the money but doesn’t have someone to share it with. When you are together with someone, I become WE and MINE becomes OURS. Everything that you gain individually, at the end of the day, you share them equally.
But the question is, how can you make the world go round when your financial management is in chaos?
When it comes to managing couple finances, there is no one-size-fits-all rule. Just like how you have known about each other while your relationship progresses, you should also learn about each other’s money spending and saving patterns. Don’t allow money problems hamper the good relationship you have. How?
Here are The Seven Deadly Tips you can follow to make sure that in your relationship, money problems should never exist:
TALK ABOUT BOTH OF YOUR MONEY.
Make it a habit that from time to time, you go out and sit in your favorite place for an intimate meeting about your finances. It’ll be nice to sometimes check where all of your money went. To ponder if they’ve served their purpose other than just staying calmly on your wallets.
LAY EVERYTHING ON THE TABLE.
Share to your partners your personal finances. Where you spend your money at. Make sure to spill it all out. No information is being left out. By doing that, you can establish a strong foundation of trust when you sort things out about your finances.
ALWAYS HAVE A STRONG FINANCIAL PLAN.
Having Plan B to your Plan A’s is also a must. What do we do with our money? Should we invest it? Should we save more? And make sure that when you plan about your money and finances, stop using I, it should always be a WE. You’re a couple after all.
BUILD DREAMS AND ACHIEVE GOALS TWO-GETHER.
Identify each other’s short and long term goals and become each other’s dream catcher. Filter your dreams and goals. After that, match your money flow with them. Is building our dream home possible this year? Can we but another car next year? Can we go on a trip with the money have?
Remember, as a couple you’re in this together.
START TO LEARN BUDGETING AND ABOUT THE NOT-SO-FAMOUS ENVELOPE SYSTEM.
Be transparent about your income. You need to know how much money you have in total to make the household. Allocate them into envelopes for: rent, bills, loans, food, savings and so on. By doing this, you can control how much money you should spend and stop spending further.
IDENTIFY YOUR EXPENSES.
Aside from the necessities inside the household, there are also other things that you need to consider spending time on. Both of you should be clear about what you should spend from your own money and what you should share on spending.
PUT YOUR BANK ACCOUNTS TO REST.
Stop checking your bank accounts like crazy. Your money wouldn’t go around anywhere. When you do that and you see that you are saving enough, it triggers you to spend manically. Then, chaos resurges.
Do you think you can calmly do those seven things? Always remember that at some point, inside a relationship, no matter how smooth it is, there will always come a time that rough patches will resurface. Since financial management is not everybody’s cup of tea and even single people struggle too, you should always bear in mind to have each other’s back. Though you’ll really need money to go on living, never forget that it can also be
re-earned but broken relationships can never be re-made.
