Money And Marriage 101Money and Marriage 101 would be a great name for a course that should be required of nearly all couples contemplating sharing finances. That’s because money is a far more emotional topic than many couples would like to acknowledge. Money behaviors and attitudes come primarily from our families. Therefore, unwise spending and saving habits, without intervention, can be passed on from generation to generation. Often couples are polarized around money with one member of the couple in the role of the hoarder/saver and the other member of the couple in the role of the spender. When these two polar opposites clash, sparks can fly. Of course not everyone is completely polarized. Many couples fall on a continuum somewhere between these two extremes. Knowing your partner and being able to discuss spending and savings differences is important to untangling this challenging issue. Now if they only taught Money and Marriage 101 in schools. The first article in this series is titled:
Marriage Money Problem
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A partner interested in saving for retirement, for example, can easily have their desire for security undermined by a partner who is running up debt on a credit card in an effort to “buy” self-esteem.
