The way one earns, spend and save money is a practical expression of his or her most basic beliefs. When the priorities are not synchronised, money can become the big dividing source in a harmonious relationship with anyone. By working together to financial freedom, money can no longer be a source of conflict and become a way of expressing the highest values, while providing comfort and safety to those we love most. Here are some ways that you, as a couple, can manage your life with saving amount of money.
Learn to have fun while managing money related issues without spending much money. A bike ride, walk in the park, home cooked food, free concert, or cone of ice cream are just some of the fun related activities and products which are available to enjoy the valuable time with your lover.
Pay attention to your partner's financial habits. The fact that his beloved is a lot of fun and he being a good kisser does not mean that he it is fiscally responsible. Before committing yourself, learn how your partner handles the major issues of real life, including financial matters. Talk about your dreams and goals with your partner. Almost everything you will do during will cost money. Make sure your partner's goals are compatible with you and cost effective.
Hold on by degrees: Some people leave their toothbrush, some clothes, and a few other useless things and before you know it, they disappear. Hence, have a discussion with your partner about leases, household expenses, and other important matters before taking any decision.
Create written agreement coexistence: It clarifies the intentions in writing and will help you avoid costly misunderstandings and disagreements later. In most cases, your agreement will be enforceable in court.
You should plan carefully before borrowing money from your loved ones. Determine in advance who will be responsible for the debts.
Time your wedding can minimise taxes: If you and your beloved are employed, the "marriage penalty" be forced to pay higher taxes as a married couple than you would if you were alone, so marry in January instead of December following. If you are paying for your own wedding, pay cash instead of using credit card and going in debt. Have the courage to look more into the reality of your joint finances; the symbolic ritual of a lavish party. Consider having a small gathering to celebrate his love and then do a bigger party when you can afford it.
If money donations received at your wedding day, not go at all. Set aside everything we can to invest in shared dreams, like a home, business or children.
Get It Done:
Conversational ground rules sound too formal. But studies show that among couples to have rules in place keeps conversations of money from falling into Bicker-parties. Here are some suggestions to get you started. Modify them to suit your style. We suggest you write them down and have them handy for reference as you talk.
Household finance thought patterns is a work of two people. Accept equal responsibility to change your life. Do not put the burden of all the money decisions on one person. Do not play the blame game. Not just raising past financial indiscretions and mothers-in-law, every conversation should focus on what you can do from this day to improve your lot.