How to Handle Problems When Fighting About Money

Schedule Time to Talk.

To deal successfully with money problems, couples need to know how to avoid the hidden traps that draw them into destructive battles.

Schedule Time to Talk.

Accusations and bickering are counterproductive. Recognize that it is money you’re upset about, not each other.

According to psychologist Walter O’Connell, the most volatile time fro arguments is from 5 pm to 7 pm. Everyone is tired, hungry and perhaps frustrated from work and commuting. If your going to discuss an important matter, do it later, after you’ve had a chance to unwind.

Pull Together

“Marriage is like a canoe trip” says psychologist Daniel Kegan. If couples don’t coordinate their efforts, they may go in circles, they may tip over, and they’re definitely less likely to get where they were going as fast as they want. But if you work on your financial goals with your spouse, you’ll not only enjoy your destination, you’ll enjoy the trip.

Get the Facts

Unfortunately, most households have same problems regarding money, with one spouse running the checkbook and the other left in the dark. “Lack of knowledge about the bills and what things cost creates unrealistic expectations and hostility. To difuse this powder keg, go over the bills together every month and get out to the stores for a cost of living lesson.

Make Allowances

You’re right there should be one household account for bills, one savings and one for each of to have discretionary money.

Prepare a Budget

By working together, gathering information, understanding their underlying needs and fears, and remaining flexible. Become a master of money, in the process they are strengthening their marriage.

A budget is hard part. To make it easier, understand that a budget is a tool to help you achieve your goals, rather than a device to limit your fun. No spending plan is set in concrete. You’ll make mistakes and forget some expenses, so expect to make corrections and adjustments over several months before the final plan is functioning efficiently. Tough as it may seem, though, a written budget is key. It’s a road map to every couple’s hopes and dreams. And more than anything else, it can stop those money fights, once and for all.