8 money management tips for couples

therising cost of financing mandatory expenses like education, household bills and uncertain cost of medicines and doctors fees makes it difficult for an ordinary employee to make both ends meet, this compounds the mandatory taxes,social and health insurances deducted from pay checks. This compels a person to go on loans, debts on emergency situations. The paycheck is way below to meet these obligations.

to 13 minutes ago Yes, right, you mean the Republicans that drove the economy into the toilet? Have you been reading the newspapers for the last eight years or is you head too far up your a**? My gf and I have seperate accounts, problem solved.

me and my boyfriend dont spend no money on annaversaries, or xmas gifts on each other. If you think even to spend 20 bucks. Its a mind thing. You should just be able to say Happy Birthday Darlling , and I would be happy with just that. There are too many strugges with this economy to be thinking about gift giving. Dont get me wrong i do buy others gifts on thjeir bday but i hit the clerance rack and get alot for a little.

My wife and i,sat down and talked about our finances. Facing a possible layoff in the near future,we have decided to spend less on special occasions,birthdays,holidays and our anniversary. Hopefully,the economy will arise soon.

I think the main point here is to have conversations with your partner about a variety of money issues before they come up, and also to maintain that communication. Also, who has $200 or even $100 to spend on a birthday gift for anyone, if you are a normal couple at least. Perhaps one way to manage your money is to not be so extravagant with the gift giving. $25-$50 seems much more reasonable to me.

Money is one of the biggest issues for a couple, especially if you have been married before, are older, and have grown children. My husband and I both lost spouses and we dated for a year before getting married. We keep most of our money in the same checking acct. we had before. We both had bills and felt it was better to keep that separate. I also feel talking about the money situation is good so there isn't a trust issue.

This is why even though my husband takes care of the finances, I am very involved in what money goes where... And since both of us can be pretty big spenders if we want to, we have mutually decided that any purchases over $100 should be discussed with each other first...

The last eight years of Repubblican nonsence is why we are broke. Vote Republican no way!

I think the main problem with money and other items in a marriage is about control. Not how much money, but who decides. A couple needs to develop a relationship that allows control to be shared. That ability to share comes with trust. In addition one partner may have more skills than another in some areas, and the other way around. Making a plan on decision making ahead of having to make that decision will save many nasty words.

I believe that equality is key to financial success, no matter how much money the family makes. My husband makes more than I do, but we agree on our financial goals. We pay equal amount to our credit cards each month, and we each maintain personal bank accounts in addition to our joint account. We deposit a very small amount of money in our personal accounts each month, and we do not make big spending decisions without consulting each other. While our finances have had their ups and downs over the years, we maintain trust, respect, and equality in our financial relationship.

Wow, I wish they wouldn't waste my time. If you put out and advice article it would be nice if it actualy had some advice.

we don't discuss......we just pay the bills & love each other....

Yes, coming to an agreement on spending gifts is important. I like to spend about $40 on birthdays and maybe $70 at Christmas for family and $100 for my sig other. I told my bf last year ( we were still newely dating) that we should agree to spend about $50 for Christmas, he couldn't decide what to get me, so he got it all and spent more than $100, I loved all of my gifts but he and I aren't exactly rolling in the money. Right now we are saving for vacation.... well I'm saving, he is supposed to be, but I don't know that he is....

Setting up the old fashion "Budget" each month is a big help. Just take your Total amount owed and total amount of Income , subtract your bills from your net income and if your over budget, start cutting back. ( I realize some things cannot be cut out) I know,...... sounds easier to say than to actually follow through, but, it works !! ( Use the old fashion envelope system, where you separate your cash into envelopes .
For example:,... Label your envelopes, "Food", "Entertainment", "Mortgage / Rent", "Gas", "Electric" and so on. This gives you more control of managing your spending. ( You may end up with 5% - 20% ) more left over at the end of each month using a simple, yet effective method of Budgeting your hard earned money.

This has been VERY effective for many people.

I think that presents come and go but to share a special moment with a special person is more important than material things that find their way to the closet or trash. A card, a special dinner means more to me than spending 100's. Now if I can only get my cousin to think less on material things,because the bigger and more expensive the gift means the bigger the love, she demands big gifts

Both vote Republican is the best tip.

please know the difference between their, there, and they're

Sometimes talking about it causes the fight. I knew a couple who got in a really big argument about what they would do if they had a million dollars. Most couples already talk about money, the problem is they disagree. What we need is to learn how to negotiate so that everyone is happy. See tip #1.

Both of you Vote Republican is the best money management tip .

For us it was a no-brainer. One week before we married we opened 2 accounts, a checking and a saving account in both our names. Immediately after marriage we each put out checks on the table between us. We listed every expense we needed to cover and paid them, put an amount into the savings account and left the discretionary funds in the checking, with pocket money for each. Whoever needs to write a check for any purchase would casually say to the other "I'm writing a check on the account" so we know who goes ahead and who holds back so we are in good standing. Not necessary to ask for what. It worked until the day my husband died after 33 years of marriage.