How To Climb The Money Mountain When You’re Married

By Deborah Fowles

Psychologists say that many people will talk about anything, even sex, before they’ll talk about their finances. Why is it so difficult for us to talk about money? Perhaps because money symbolizes different things to different people: power, control, security, or love, for instance.It’s been estimated that money issues are the driving force in 90% of divorces, but you CAN live happily ever after, financially speaking, if you work at not letting financial issues come between you and your partner.In her book “Talking Money,” Jean Chatzky, columnist for Money magazine and regular contributor to theToday show, offers practical advice for talking to your spouse or life partner about this emotionally charged issue, including these tips for twosomes:Find a Neutral TimeDon’t wait until your spouse has charged up a storm on the credit card or another hot financial issue arises to broach the subject. The goal is to have a calm, relaxed discussion when there’s no particular money issue at hand.Give a Little to Get a Little

Volunteer your own feelings about a financial issue and it may encourage your partner to do the same. If your relationship is the first priority, you’ll both have to be willing to negotiate. Share your feelings, experiences, and hopes about money. Discuss how your parents dealt with money, what it meant to you when you were growing up, and how you dealt with it in past relationships.

Know Where You Stand

Be honest with yourself about how you feel. If you’ve always been independent, for example, it may be hard for you to be “taken care of” financially. If you have more assets than your partner, you may feel fear about risking your hard-earned money, or resentment if his or her spending habits are not good. You have to be honest with yourself about these feelings in order to be honest with your partner.

Bring in a Third Party

If you can’t seem to talk about finances, seek out a counselor to help you sort through your financial issues. This could be a financial counselor or a therapist or marriage counselor.

Do’s and Don’ts for Couples

Chatzky also offers these do’s and don’ts for merging your finances:


  • Track Your SpendingKnowing where your money is going is the first key to financial security, and keeping a budget, which includes tracking your spending, is the only way to really know where your money is going. For more information on budgets that work, see Budgeting 101.
  • Agree to DisagreeCome up with spending and savings goals and guidelines, then let your partner manage his or her own spending money. For more information on setting spending and savings goals, see The Secret to Saving Money, and Financial Goals.CLICK HERE to read more.
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