How to Straighten Out Marital Finances

Not only are finance problems the greatest concern for married couples, they are also the leading cause of divorce. When two lives merge, money does too--something not all newlyweds think about. Different incomes, spending and saving patterns can cause tension in a marriage. Straighten out your marital finances to save your relationship and your sanity.

Instructions

1. Each person should have separate spending money or discretionary income. Having your own money helps you feel you haven't compromised independence for a relationship.

2. Set guidelines together, preparing a monthly budget if necessary. Know that, just like yourself, your partner will have certain hobbies or interest that aren't your favorites, but that will require money. Be supportive of those interests, as long as they are set at a reasonable limit.

3. Be accountable to each other. Never hide spending habits, and always consult your spouse when you are considering a big purchase.

4. Be realistic about how much money you have in the bank. Set reasonable financial goals and make it a habit not to spend above your means.

5. Educate yourself about finances. Learning all that you can about money, income, taxes, spending, saving and investing will not only make you wiser about finance--it will also help you contribute to your marriage.

6. Examine spending habits that get you into trouble as a couple. Working on remedying these together. Also determine which issues in your relationship are personal issues, and which are financial issues.

7. See a financial adviser together to connect when making big money decisions.

Tips & Warnings

• Never use money as revenge against your partner.