One of the most common reasons for divorce is money and arguments about money. To keep your marriage and your checking account in great shape, try to avoid these three financial pitfalls that can plague marriages.
1. Not Having a Budget
Budgets can save your marriage from arguments about money. At the beginning of each month, sit down and discuss all potential expenses. Hammer out the budget, being sure that both parties get a vote. Of course, compromise and respect will be necessary on both sides. After the budget is established, all you have to do is stick to it. If an unexpected expense comes up, have a new budget meeting. By deciding ahead of time how much money you can both spend, as long as both parties stick to the agreement, there will be no more money fights.
2. Not Having an Emergency Fund
Emergencies will happen to everyone. Having a set ...
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