Should the most responsible person make the financial decisions or the person that brings in the most bucks? Deciding who’s balancing your checkbook can be one of the hardest decisions that a couple will have to make because it actually determine whether you’re living paycheck-to-paycheck or if you’ll have a little cushion to enjoy life’s adventures. Most of us prefer life’s pleasures such as traveling and dining, but it won’t happen if we are not prepared.
Society has taught us that the man of the house should handle all of the financial responsibilities but times have changed, and women have evolved into more than just a homemaker. Women are not only breadwinners, but they are the financial leaders propelling their family into a golden era of financial security.
Many may see this as a power struggle but plenty of men still coming to terms with the idea. Others have learned to keep their relationship grounded by splitting everything down the middle. No matter who makes what, it may be easier if each person has a say as to how the money is divided. Communication is key!
We must understand that financial literacy isn’t always taught in the home, so we can’t expect for our partner to come into a relationship knowing how to balance a checkbook. Sometimes we learn from mistakes and that it can be difficult if you’re going into a relationship with debt. Long-term debt not only puts a strain on relationships and marriages, but it also sets the tone for your future. How can anyone grow in a relationship where they’re struggling?
This is why a relationship with a financial plan allows couples to prepare for future goals. Arguing over finances and how to spend your paycheck is never fun and that sexual tension brought on by those financial problems will disappear in due time. Of course being financially responsible can take its toll on anyone, but look at the bright side, life will get better and so will your relationship.
Written By: Tamara U. Butler