Believe it or not, disagreements over money are the number one cause of divorces and breakups on a global scale. It isn’t children, cheating, or maybe bad cooking that sends the other one packing. It’s simple matters of finance styles and priorities. While collaborating on methods for managing money will be a huge bonus for your odds of reconciliation, there are otherwise money matters that could help a lot more. These are a few financial decisions that can seriously boost your odds of relationship success with your ex.
Keep Separate Accounts
While there is money that must be pooled for household resources, for example, mortgage, car payments, groceries, and utilities, children, retirement, savings, etc., you each need to have your very own cash you can spend on yourself based on your needs. It also needs to be money that is yours and yours alone. This way there’s no confusion or crossed signals about the best ways to spend the money or who has the ability to spend it.
Just keep in mind that a single person shouldn’t shoulder the burden of unexpected expenses alone. That only breeds resentment.
Improve Your Financial Outlook
Take steps now, before you get back together, to make positive changes for your financial outlook. Go back to school– at least take a few classes to improve your employability and, possibly, to increase your salary potential. Get a new job if that’s an option. Sometimes, moving from one company to another can bring a higher salary simply because you have experience. Some companies have the tendency to spend less money on hiring new employees than they do to retain their talent. At least, explore your options for a better financial future.
Discover how to Manage Your Very Own Money Better
Managing money isn’t always about all saving and no spending. There’s a lot as being said about the quality of life is greatly enriched when you spend some money on yourself. Simultaneously, if you can stretch your money with a little planning, there’s no need to spend much more than is necessary. Clip coupons. Match coupons with sales. Stock up when prices are low. Buy items you want on layaway rather than credit cards. Small moves like these can help you save a great deal of money gradually and with consistency.
The better your financial outlook is, the greater your odds of having the ability to work things out will be. Just remember, that without collaborating on your ideas about money management, old fights and old resentments are sure to surface. You must come to an understanding over money before you get back together and intermingle your finances once again.