It’s not sexy, but it’s the truth—too many marriages fail due to money related issues, according to USA TODAY. No one wants to talk about finances and marriage. Let’s face it: it’s not an easy conversation to have, but it’s necessary if you want your relationship to last.
If you’re head over heels in love with your partner, you probably won’t discuss money. While partners should learn to discuss finances realistically, you should also spend some time learning the warning signs of financial incompatibility.
Red Flags to Look for Before You Walk Down the Aisle
Here are two examples: She values education, but he doesn’t. She wants the kids to attend private school or go to an expensive college; he prefers public education. Imagine the plethora of problems this could lead to. He’s philanthropic and gives to charities, but she couldn’t care less. What do you think would happen if he donates anyway?
10 Things You Must Know before You Get Married
The key to making your finances and marriage work is communication. Couples that manage their money issues together are a team. They can freely express their concerns, wants, and needs without fear, retaliation, or criticism. If you and your partner can’t do this, maybe you should rethink the walk down the aisle until you learn to communicate. Don’t slip up and fall into a marriage that, in the long run, will cost you much more than an investment in a conversation. If you are a team and can work together, then go ahead and run down that aisle.
Image source: Wikimedia Commons
Consumer Education Services, Inc. (CESI) is a non-profit service provider of comprehensive personal financial education and solutions for all life stages and for all of life’s milestones. Our goal is enhanced economic security for everyone we serve.
CESI is NOT A LOAN COMPANY