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Tuesday, 22 November 2011

STRIKING A BALANCE BETWEEN MONEY AND MARRIAGE



Some say money is the root of all evil. Others concede that it is the root of all actions. But money, certainly, is at the root of major quarrels in many families. That you have money does not exempt you from trouble. Both the rich and the poor have money problems. It has been found that money is not necessarily the cause of disputes among couples, but the attitude towards it. If your love for money goes beyond the love for your partner, or the love for marriage as an institution, problems will inevitably arise, whether there is money or not.
Many families have been ruined because they do not know how to manage their finances. They have allowed Parkinson’s Law to dictate their lives. Their expenses are way above their incomes, year in, year out. Talking about money in a relationship is important. Care for your finances is synonymous with care for your health. Some people hate discussing money as if it is a swear word or taboo. Business can be tough, and so are relationships.

To deal with money issues, some people like billionaire real estate investor, Donald Trump, recommend a prenuptial agreement. This is a written agreement prior to marriage that helps to resolve certain critical issues that might arise. Others see a prenup as a lack of trust in the marriage. Ideally, couples should adopt a practical view. It is advisable to try to control the influence of money in your marriage. Proper budgeting, zero-based thinking, non-impulsive spending, and prudence can go a long way in balancing your money and your marriage.

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