Money and Marriage

Money and Marriage

For better or worse, money is at the core of many decisions that couples make together. Since money is so central to our everyday lives, many couples will find themselves disagreeing about financial matters at one point or another. What remains important is that couples don’t let these disagreements blind them to what matters to their marriage: maintaining the sense of friendship, intimacy, and love that forms the base of their relationship.

However, ignoring a money-related conflict for too long can cause resentment and stress between a couple, which can translate to even more problems. But with the right communication, couples can mitigate money-related disputes and begin working together to reach their long-term financial goals, both individually and as a couple.

How Money Can Affect a Marriage

Most people achieve a certain attitude towards spending money when they are growing up and spending time with their parents. Since no two people have exactly the same upbringing, differences in opinion on money—even if they are only minor—are bound to occur. For example, one spouse might find virtue in saving every extra penny, while the other doesn’t mind spending any leftover money from the budget. When two people share an income, deciding how to spend that income should be carefully considered and discussed. Doing this will help to side-step the stress associated with:

  • Overspending
  • Debt accumulation
  • Bankruptcy
  • Unexpected loss of income
  • Impulsive financial decisions

Even some fundamental choices, like deciding whether to use a joint or separate bank account, can go a long way in preventing conflict and stress. Taking the time to communicate about these sorts of issues can save a lot of time, heartache, and headaches in the long run.

Talk to a Marriage Counselor in Austin

If you and your spouse are encountering conflicts related to spending habits, you might benefit from marriage counseling. A marriage counselor can facilitate discussion and help clear the air between couples. Kathleen Snyder has been working with couples for over 20 years and brings that experience to each and every session when helping couples repair damage and work out their differences. To learn more about how marriage counseling could benefit you, call (512) 659-8600.