The Financial Aspect of Marriage

No money, no love!
Not a surprising statement if your marriage is not on a sound financial basis. No marriage can exist on strictly love and sex. Although love is a key corner stone of the institution, matters of finance must be addressed in a serious manner. It's a partnership and there must be decision-making relating to who pays what. A marriage is similar to a business, it must be financed, if the partners are to enjoy the comforts and live without bickering about who is irresponsible. What should be done?

• Sit down at the table and prepare individual budgets and together discuss each line item in the individual budgets.
• Determine which bills should be paid by whom.
• Major investments must be carefully discussed, e.g. mortgage - probably go 50/50 on this investment, with compromises on the other bills.
• Have a partnership account for handling emergencies, repairs or vacations - 50/50 monthly contributions are ideal.
• There is nothing wrong with separate bank accounts, but be prepared to give information when necessary. If you know that you do not want to reveal financial information, marriage is not for you. Hesitation will definitely create issues of trust.
  

These basic approaches to home management will guarantee both partners a comfortable relationship without the worry and fighting that is likely to enter the marriage.
A strong financial partnership paves the way for love.