Education & Family

When Your Money and Marriage Clash

Money generally is a sensitive topic for husbands and wives as a result of most, if not all, of the selections a pair makes every day contain cash.

  • Do you drink espresso at residence or spend more money at a espresso store?
  • What type of clothes do you purchase?
  • What type of automobile do you drive?
  • Should you pursue a unique job?
  • Should you purchase a brand new home?
  • Should you spend much less or extra on groceries?
  • Even your desires for the long run are impacted by your finances.

Money conflicts are inevitable in marriage. How nicely you navigate monetary pressure and differing views about cash will predict the health and longevity of your marriage. Tragically, 70% of divorcing {couples} cite cash troubles as the rationale for his or her separation.

This is a crucial matter for us to deal with, which is why I’m glad to have monetary specialists Taylor and Megan Kovar, a.okay.a. “The Money Couple,” as visitors on our Focus on the Family Broadcast “When Your Money and Marriage Clash.”

They say your cash persona is the lens by which you view monetary choices:

  • Saver – Loves saving cash. Organized, accountable, and reliable about funds. Rarely spends impulsively. Avoids bank card debt.
  • Spender – Lives within the second. Uses cash to make reminiscences. Loves shopping for issues for others. Gets a thrill from the acquisition.
  • Risk Taker – Big image person. Loves discovering journey. Relies extra on intestine intuition than analysis. Not afraid to make choices – and quick.
  • Security Seeker – Investigates every thing. Trustworthy and cautious. Would somewhat sacrifice at the moment than tomorrow. Prepared for something. Always has a plan.
  • Flyer – Not motivated by cash. Content with life. Big on relationships. Happy to let another person take care of the funds.

Strong cash relationships don’t robotically develop in marriage. It takes intentionality to grasp and respect them. The Kovars supply key methods that {couples} can use to search out monetary consensus and compromise in marriage.

Listen to our full dialog in your local radio station, online, on Apple Podcasts, by way of Google Podcasts, or on our free phone app.

Taylor and Megan Kovar are authors, audio system, and monetary planners who’ve a ardour to assist {couples} and households obtain monetary freedom, a peaceable residence, and a thriving marriage. Their guide is titled The Five Money Personalities: Speaking the Same Love + Money Language. For a present of any quantity, we’ll ship you a replica. (Check here for particulars.)

And when you’re on-line, why not take a couple of moments to strive our free Marriage Assessment on-line device? It will enable you to rapidly decide what’s working nicely in your relationship and establish areas the place you could want some enchancment.

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