It's common to fight about money in a marriage or partnership. A survey found that couples who live together argue about money three times a month. To avoid bickering about money, financial blog Ready for Zero suggests weekly budget meetings.
Photo by Francesco
Guest blogger Abby Hayes points out that she and her husband use their weekly budget meetings to discuss financial goals, plan upcoming spending and examine past spending. She writes:
Having some time to focus on finances — when we're not already in the middle of a financial fight — means that we can set goals together, watch ourselves reach those goals, and generally just agree on more when it comes to money. It also means that we can head off major arguments before they even start…
She offers a handful of guidelines to get started, including:
- Schedule the meetings: Because you and your partner will look at numbers and calculations, Hayes suggests you find a time when you both have zero distractions.
- Discuss short-term and long-term goals: This way, you stay on track for the future while you still take care of business now.
- Give each other leeway: Hayes mentions an allowance system that gives her and her husband separate funds for their own spending.
To learn more about Hayes' system, check out the rest of her post.