Halt Money Fights Before It Fires Up, All About Couples And Money: Part 2
If you haven’t determined who is the spender or the saver between your partner or special someone, might as well do some readings about the spender vs. saver. Well, whether you are the spender or the saver, money fight is likely to occur in some instances of your relationship. In some cases, it may even the cause of your separation or divorce. As you’d think that this does not carry any costs, you might need to do some readings, on the cost of breaking up or divorce; following this guide may prevent this from happening.
How To Begin Your Talk About Money
Should you be saying out loud your frustrations to your other half? Of course not. It’s always healthy to initiate a money talk with your special someone in a peaceful and healthy manner. Besides, if you and your partner or spouse are on the same page towards how your spending disposition, then probably you’ve shared the same money goals and set priorities for your relationship to grow even stronger.
If you’re both committed to your relationship, money would represent your choices and aspirations. How you manage your finances shadows both your goals and priorities in life. Most of the time relationships are tested when it comes to matters involving money. Hence, your decisions and choices will actually determine your values and the things you perceive as worth.
This Talk Is About Your Future
When it comes to money conversation, it is important that both of you see it as talk regarding your future endeavors. For couples who just get started in making a family of their own, this is a vita issue. This is especially true for instance when your other half is carrying credit card debt or maybe other forms of debt. It is imperative that both of you maintain the same enthusiasm and drive towards knocking down your debt.
What Are You Working Towards?
As partners in a committed relationship, you have to work together in achieving your common goals. As the saying goes “two heads are better than one.” Besides, one has to convince his or her partner to realized how important it is to set long-term goals and plan their future ahead. Couples who share common goals are likely to be facing the same challenges and can eventually surpass it if both work together to defeat setbacks and any shortcomings.
Know What Your Purpose
The true essence of your existence is somehow a guiding force to compel yourself in following your designed plan. It gives you a sense of motivation and reason to resist the temptation that may occur along the way. This is felt more by a person who is fond of living extravagantly. Knowing your real purpose will eventually lead you back towards your priorities. For instance, if you’re a stay home parent who aspires to earn money. Say, you’re able to start as a freelancer, which suffices more than what you need. There is a big possibility that you might be tempted to spend on something that is non-essential with an excuse of rewarding yourself. In this manner, realizing your purpose which is to save for your kid’s education, will motivate you to resist all odds.
The point is, whether what your intention is or your purpose, you just have to keep the momentum; each time you tend to falter, go back to the very reason why you’re doing it in the first place. This way, you’ll be able to determine whether you’re still on the right track towards achieving your goal.
Create Your Financial Goals
It would be impossible to set your goals on the verge of a fight – you need to make sure that this is planned ahead of time. In fact, you can refer to the guide that will give you tips on how couples should set their financial goals to ensure that you’re able to design a feasible plan for your goals.
CONSUMER PROPOSAL EXAMPLE
Example Unsecured Debts
|2||Credit card 1||$6,812|
Your Monthly Repayments Would Be
a Consumer proposal $748
(total contractual repayments)
a Consumer proposal $295
(total contractual repayments)
* Subject to creditor acceptance
* Payment subject to individual circumstances
* Credit rating may be affected
* Fees apply, subject to individual's circumstances.