Budget Your Income To Save Marriage

The biggest of all the issues that can destroy a marriage is the issue of debt. Money is important. There is a saying that what we learn in our child hold goes into our adulthood.

Before enjoying the first night couples should discuss certain issues that they are going to do as team throughout their life time.  It includes in-laws and Money. 

How to help a marriage dealing with finances: All other aspects like sex, religion, children depend on individual perspective and can be adjusted to make it comfortable for all in the family.  The in-laws are old people who feel they know everything and they try to control the house using their old theories. 

They refuse to change their habits according to the situation.  Same is the case with money.  Old habits die hard.  In a family there can be one spend thrift it can be the husband, wife, in-laws or any two of them.  Couples should discuss money matter on a war-footing, because ultimately when you celebrate you 25th marriage anniversary, you will sit back and see what you have saved in all these year.  There should be something to be contented about.

My sister’s in-laws are proud retired parents.  They spent their money in a planned manner, now they own a beautiful villa, and they live on the pension they get for their Government Jobs. When their children got jobs they asked them to send half of the money home, and the parent would double the amount and deposit in the bank.  The philosophy he taught his children is “It is not what you earn but what you save that should be called the income”.

Couples should decide how much money they are going to save each month, which is going to be the actual asset.  If you carefully plan and follow it there won’t be any debt. If both are earning only one persons income should be spend. Other one’s income should be saved in the bank.    

I completely disagree with the notion that if we do not maintain a standard in the society you will not be respected. In my experience money becomes a criterion to show off, if you want to mingle with flamboyant people.  Even the well bred child of a housemaid is respected if he has the qualities to be respected. Once you are married couples should learn to control expenses. 

Rather control their desire for luxury items.  If they plan from the first day of marriage how to save money they can bring up their children without financial stress.  On the other hand, if you wait for the child to be born to start saving you will never be able to save, because you have to buy medicine, Diaper and milk powder for the kid.  The list will only increase as the years go by.

Save marriage bankruptcy: To save you from bankruptcy learn to prioritize things. If you are facing a financial crisis and you are on the verge of being bankrupt, discuss among you and find out ways to gather money so that bankruptcy can he prevented. 

Deciding between filing a joint petition or an individual bankruptcy depends on numerous conditions--most commonly the amount of community debt, the nature of the debts, sources of income, the type of property owned, the state in which they live, and how ownership is defined.

If you are going to file for bankruptcy decide in between filing a joint petition or an individual bankruptcy depends on numerous conditions--most commonly the amount of community debt, the nature of the debts, sources of income, and the type of property owned, the state in which they live, and how ownership is defined.

The advice for one who is in debt and for the one who has not yet saved any money is the same.  Start saving today itself.  If you spouse decides to leave because of the debt ask them to give you another chance, show how you have planned to save money. 

Resources:

www.discoveryarticles.com/articles/205375/1/How-Do-I-Save-My-Marriage-Due-to-Deb
www.debthelp.com/kc/bankruptcy-and-marriage-6-things-you-need-to-know
http://ezinearticles.com/?How-Do-I-Save-My-Marriage-From-Debt?&id=1623214