Money bliss

Money is the root of all evil! Before people decide to get married they should address the issue of money very openly – how it will be managed, saved and spent. However, decisions about a couple's money matters should continue throughout marriage.

Many relationships have been shipwrecked because of money. You need to accept that each person has different views with regard to money. Therefore you should create a platform where you can openly discuss any differences you might have.

Each partner's contribution to the relationship needs to be seen as equally important – whether you work in an office or stay at home raising the kids. You should never feel like you have to beg for an allowance from a partner. Have regular financial discussions; sit down and discuss your financial goals and your dreams.

Follow these steps to try and alleviate some of the money headaches:

• Get the facts – have a box were you place all the receipts for a month (go shopping together, so that your partner can get a realistic idea of what things cost). After a month, determine how much you actually spent on what
• Prepare a budget or spending plan – income versus expenses
• Take into consideration the needs of your partner, whether it is a new car or dancing lessons
• Make provision for the rent or mortgage payments, food, telephones, the water and electricity bill, how much you would like to save, etc.
• Remember to budget some spending money for both that you can spend as you like
• Consider the state of your long-term planning, especially with regard to retirement planning
• Review your budget periodically and adjust it if your circumstances change.

If you still find that money battles threaten your relationship with your spouse, consider calling your EWP for professional advice.