As per recent surveys fighting over money with spouse is cited as the top five reasons for conflicts in a marriage. Money matters affect a household when there is insufficient planning between the spouses on how to spend, save and invest their income on a monthly and yearly basis. The biggest culprit when it comes to monetary fights between couples is lack of communication and a single partner deciding the monetary issues for both parties. Financial issues can arise in couples of all ages and phases; it can be a problem for young people who are dating, between engaged couple, newly married couple and also between the elderly.
Simple planning, open communication and respecting the opinion of each other are all it takes to resolve the issue. This problem normally escalates when both the spouses are working and have different mindset when it comes to spending their hard earned cash, or when there is only one breadwinner in the family and the income is less. No matter what, laying a few ground rules will definitely help the couple avert the financial disputes. Below are some steps that can be taken to stop the fighting over money with spouse: