Bankruptcy Lawyer | Love and Money
Bankruptcy Lawyer . Marriage. It is supposed to be for better or worse, for richer or poorer, but, as one study from Kansas State University found, arguments about money surpass all other types of disagreements as predictors of divorce. This means that if you want to live happily ever after, you’ve got to sync your financial philosophies.
Too many couples, possibly following the old idea that talking money is taboo, fail to discuss this important aspect of life. But instead of rescuing them from heartache, this technique only adds insult to injury. So, in the interest of getting to “happily ever after,” here are eight tips to help couples navigate the murky waters of money management. Call a bankruptcy lawyer before a divorce lawyer.
1. Know Who You Are Marrying
This might seem obvious, but many couples tie the know without ever talking about their partner’s debt or financial status. Knowing what you are getting into can save you from an unwelcome shock down the road.
2. Discuss Your Money Styles
It’s helpful to know if you are a saver and your spouse is a spender, or vice versa. Take this quiz to find out your money personality and share the information with your significant other. Talking about how money was handled in your family growing up can also lead to a greater understanding of yourself and your partner.
3. Make a Bill Plan
Some couples find it easier for one person to handle the finances, while other couples like to share the burden. Decide if the bills will be paid online, and where the receipts will be kept. Consider making a weekly or monthly “meeting,” to handle these tasks. And don’t forget to reward yourselves when it’s finished!
4. Build a Dream Team
Remember, you and your spouse don’t have to go it alone. Financial planners, advisers, and accountants exist for a reason. Make use of these talented professionals.
5. Plan Ahead
Setting up a living will, and updating your beneficiaries in your insurance plan will help you rest assured that your loved ones will be taken care of in the event of unforeseen circumstances. Take the time to plan ahead and make sure you are both on the same page.
6. Honesty is The Best Policy
Many couples end up lying to each other about their money habits for fear of being judged. Here’s a tip. This never ends well. Instead of hiding your monetary doings, talk openly about them. We live in a society where many people have issues around money, consumption, and a fear of not having enough. It’s okay. Rely on each other and work together. Learn that you can trust each other in every aspect, and realize that even if one of you is a spender and the other is a saver, you can compliment each other and still make a beautiful match.
7. Speak Kindly
One of the worst things that you can do when trying to communicate about money is to point the finger at your partner. Blaming is a one-way ticket to nowhere. Instead, try to use compassion when talking to your loved one. Recognize that if he is overspending, there could be a need in his life that is not being fulfilled, and that he hasn’t yet learned how to do that in a healthy way. Similarly, if she refuses to part with her hard-earned cash, realize that she probably has a fear of scarcity. Talking about these deeper issues can mean the difference between a screaming match, and a loving discussion.
8. Discover Your True Value
Lynne Twist, founder of The Soul Of Money Institute, and author of, “The Soul Of Money,” believes that, “It’s possible to have money flow in a way that serves our highest ideals and commitments rather than accumulate it so that we can gain power, authority and special privileges over others. Money can bear the mark of he or she who passed it on and in many ways can be voice, expression, and commitment.” That is to say, bringing integrity into your relationship with money, and how you use it, can make you wealthy beyond words.
Don’t let your finances get between you and your happily ever after. Just like with everything else, be honest with your spouse and build a strong financial foundation together. -startfreshtoday
If you are concerned about your financial situation, call an experienced bankruptcy lawyer, contact Pinkston & Pinkston