Financial problems are one of the most frequent causes of divorce. The best way to prevent many of these problems is be open and honest about finances before marriage. Both people in a relationship really need to know about such things as student loans, credit cards and other debt as well as assets and whether assets will be shared or not. Will all income be ours, with one joint checking account used by both? Or will it be yours and mine, where each party keeps finances separate and pays into a household account to cover shared expenses? Much of the time, it simply doesn’t happen. To quote the Bard “love is blind,” and no area is more covered by that blindness than finances.
Feelings and Finance
Younger couples who have lived with their families may not even know how they feel about finances. Most people are not aware of how much money, in other words, finances, reflects on how they feel about themselves. Finances can be one of the most important aspects of the marital partnership. Even those who have graduated college and have been working on their careers may be uncertain about what makes them feel financially secure. A person who has developed a habit of saving from early childhood has little chance of a successful relationship with a spendthrift who feels a penny earned should be a penny spent.
The Dilemma
While it is always best to discover these import characteristics prior to marriage, it frequently doesn’t happen. Marriage or even moving in together inevitably brings surprises concerning the other person involved. At some point, one or both partners must decide which is more important, the relationship or their financial expectations.
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