Ways to Solve Money Issues In Your Relationship

 

Money makes the world go round, this is true for relationships too. The abundance or lack thereof of money greatly affects a relationship. Thats why we have prenuptial agreements right?, but if both partners happen to be in lovbe then they will always find a way to solve money issues. Since Kushmaiden is all about love and life, then below are few tips you may find helpful:

 

 

Problem-solving strategies:

• Be honest about your current financial situation. If things have gone south, continuing the same lifestyle is unrealistic.
• Don't approach the subject in the heat of battle. Instead, set aside a time that is convenient and non-threatening for both of you.
• Acknowledge that one partner may be a saver and one a spender, understand there are benefits to both, and agree to learn from each other's tendencies.
• Don't hide income or debt. Bring financial documents, including a recent credit report, pay stubs, bank statements, insurance policies, debts, and investments to the table.
• Don't blame.
• Construct a joint budget that includes savings.
• Decide which person will be responsible for paying the monthly bills.
• Allow each person to have independence by setting aside money to be spent at his or her discretion.
• Decide upon short-term and long-term goals. It's OK to have individual goals, but you should have family goals, too.
• Talk about caring for your parents as they age and how to appropriately plan for their financial needs if needed.