Mistakes Couples Make With Money

Mistakes Couples Make With Money
Mistakes Couples Make With Money

Video: Mistakes Couples Make With Money

Video: Mistakes Couples Make With Money
Video: Top 5 Money Mistakes Couples Make 2024, May
Anonim

My new book “Happy couples, accounts in order” goes from the heart to each one of you, the most interesting thing about writing on this subject is learning about the stories of couples that I interview. And the best use is to share with you the patterns, and areas that I think can be worked on to avoid a trip that could cause a surprise break. And it is that when the couple explodes due to nonsense such as; The salt shaker in the kitchen broke, there is much more behind that, the more I hope to confront her, the longer it will take to heal her. There are many mistakes that couples make against money, here are four:

Do not set a maximum amount of purchases. Before I got married during the preparation talk, we were asked to write (without the other seeing the paper) the amount of the purchase that was out of the budget, where we should communicate it to the couple. He wrote nicados. As a couple it is recommended that you sit down to review this amount annually, different priorities appear every year and should be updated.

Do not divide the responsibilities of the house. Pepsico CEO; Indra says that when they announced her promotion, she came to her house and her mother immediately asked her to go buy milk, when she asked why her husband had not done so, she replied that she did not have time and that this was her job. When Indra returned with the milk, she was upset that her mother did not want to hear the good news before, to which the mother replied; "You can be the queen of the world outside but inside the house you will always be a family with responsibilities." That goes for men too regardless of their charges. Divide the responsibilities of cooking, cleaning, shopping, children equally.

Not knowing the couple's financial habits. There are four dominant personalities in finance: the saver who shows his love by saving, the spent man who shows his love by spending, the giver who loves to give gifts, and the investor who invests everything that comes in. We are all different in personalities. It is important to understand your partner's personality so they can maximize teamwork when planning their finances. For example, the saver can help focus on the retirement fund and the spender on the background of home decoration. Or they can also be given a role for each financial goal.

Elaine King
Elaine King

Not agree on investment decisions. Before making an investment, in my opinion, a couple should have an emergency fund, which is 6 months of fixed expenses, and have established the habit of saving before spending and be clear on where they want to go together financially as a couple fixing a goal where both can contribute and share. Once the savings go up a significant amount, together they can decide how to invest it depending on time, risk and knowledge. It is said that women tend to be more conservative than men, if so they can delegate according to the goals, the investment leader. Always remember to reduce debts before you start investing.

Let's try to change the future of couples and reduce the statistic that 70% of couples fight over money. This can be done by planning together, communicating, and dividing household responsibilities. For more tips like these, follow me on the networks @elainekingfp #elainekingfp, here the link of the book

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