Money can often be a sore subject in many relationships. Whether you have been married one year or 50 years, you know that you need to be on the same page with your spouse financially to avoid money arguments. Here are a few tips on how you can help keep your married life and financial life on track together.
One key point to keeping money arguments at bay is to always make major financial decisions together. This includes deciding on a budget and making major purchases. Before you make any substantial money decisions, always ask yourself if you would be mad if your partner made that decision before talking to you. If the answer is yes, have a discussion first. When you work together as a couple, you will not have to worry about pesky little arguments over money issues.
To stay on the same page financially, it’s wise to have a monthly money meeting with your spouse. This is a time for you to lay it all out on the table and talk things over like what your budget will be for the month, any special expenses expected and how much money you have in all of your accounts. That way you and your spouse will always be in the loop on what is going on financially in your life. Being on the same page always makes a relationship much easier.
Share and Track
Along the same lines as meeting together monthly, it’s always a good idea to share anything financial that may come up in between meetings. Talk about things you want to purchase and any unexpected expenses that pop up during the month. Also, make sure you both track your expenses the same way. This will solve any confusion that may come about or any misunderstandings. Decide together on the best way to track for your financial situation, and stick with it.
All of these points have one underlying theme to them–communication. When you communicate with your partner about money, you are less likely to have arguments that lead to unhappy marriage situations.
If you have ever tried to start sticking strictly to a budget, you know you will do anything to save money. Many people use coupons as a way of keeping their grocery and household item budget in check. Coupons can be a great addition to a frugal lifestyle, but when you become too infatuated with getting the best deal, sometimes you end up spending more than you think. Here are some tips to use coupons effectively with your budget.
Will You Use It?
This is a question you should ask yourself before you load up your cart with the great deal you got with coupons. Only cut coupons for items that you will actually use instead of just buying it just to get a deal. You are actually spending more money on a great deal with an item you don’t really need than you would without the coupon, because if you didn’t have the coupon, you wouldn’t have bought it at all! Take time to think this over each time you want to use a coupon.
Time is Money
Avid coupon users can spend lots of time cutting out coupons from the newspaper inserts and magazines. Sometimes, for the extreme couponers, it can take as much time as a full-time job. If taking the time to cut out each coupon is becoming a burden on your daily routine, try looking for stores that offer digital coupons. Many grocery stores offer manufacturer’s coupons on special apps and with rewards cards. You can even use third party apps like Ibotta to get cash back after your transaction. Downloading digital coupons can drastically cut down your coupon cutting time.
It’s All About Balance
With anything in life, you need to practice balance with coupons. Like we mentioned above, only buy the items you need, shop the sales and focus on saving money for your budget. The goal is not to buy out the “deal of the week” at the grocery store. Get as much as you need, and leave some sales for the rest of the shoppers. Used effectively, coupons can be a great resource for your budget. Just make sure you don’t get too crazy and let getting the next big deal consume your life.