Relations advice – Who should manage finances in a marriage?

Finances are an incredibly important part of a marriage. In fact, a large majority of marital battles have to do with money and what it should be spent. So, who should handle the finances of a marriage? It depends on several things …

For starters, having a person handle all finances is not a good idea. The best scenario is to ensure that the two spouses make the financial decisions and a person make sure that these decisions are implemented. Give all the responsibility of money to a spouse can lead to big problems.

How? ‘Or’ What? Imagine a wedding where the husband manages all financial decisions. One day, they divorce and she is suddenly on herself. She has never managed money, budgeted or writes a check, and she has no concept of what it costs to handle a house. She has no idea what to do and nobody to teach him.

Here is another example. The woman makes every decisions of money. Her husband works and his wife is a housewife. Everything goes well until her husband receives a call to work one day and we say that his wife’s car has been resumed. After confirming his wife, she admits that she had problems with the budget and was afraid to say anything. Before she knows, car payments were too far behind.

Its amplified? This happens every day in many weddings. That’s why both spouses should work together to manage their money. Otherwise, at the moment when the other spouse knows there is a problem, he has already cost them money.

What usually happens in a wedding, a spouse has more money management experience than the other and the role falls automatically on them. It’s good for the moment until the experienced money manager can teach the inexperienced spouse what they know. In this way, if the scenario n ° 1 occurs, it is not such a disaster.

It is normal to have a spouse paying invoices as long as both know where the money is happening. Have you ever heard of someone with a problem with credit cards? Or maybe a game problem? Or maybe a dependency on online shopping? A collection that is of the hand? All these situations occur and, when they do, he puts the family in a restricted financial situation. Sometimes it’s a position they can never go out without it birth.

Who manages the money in your relationship? Money is really an important part of a wedding. Make sure you all know where the money goes and what bills are paid.

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