What is the challenge that married couples face in financial management?

[King Belieal]

Financial management is one of the big things that married couples have to deal with. Not getting that right has ruined so many marriages already. What do you think are the biggest challenges that married couples would face in managing family finances?

 

[Springtime]

I think a couple should have a mutual understanding on how to manage the family's finance. How much to save and invest. If they cannot reach a consensus and go their own way, the marriage will be ruined.

 

[eLdavis]

I think one challenge they face is managing conflicting spending habits, especially for new couples.

 

[Augusta]

Financial Infidelity: One partner may hide money or spending habits from the other, damaging the relationship's foundation.

 

[Kross]

One challenge that I think they might likely face as a married couple is if they don't have the same schedule for income.

 

[Nomad]

When you marry, you are tempted to become socially active and this makes you spend more money. You might also have kids and becoming parents come with a lot of financial obligation.

 

[Suba]

In my opinion, the biggest challenge that married couples face in managing family finances is that they do not adjust their financial management with their partners, so that differences of opinion often arise, which originate from differences in their respective lifestyles and habits.

 

[freelancermaria]

I believe one of the financial challenges many married couples face is when one spends beyond their means, failing to consider if they will have food to eat in the coming days and not prioritizing their future.

 

[riberet19]

I think having separate accounts and a joint account to manage joint expenses is the best way to avoid having so many problems managing finances as a couple, since the problems can be many.

 

[Kera]

I think some married couples always have the challenge of aligning each other's financial habits and approach to money.

 

[Augusta]

Unequal Contributions:
When one partner earns significantly more than the other, it can create tension and resentment, especially if there's an imbalance in how financial responsibilities are shared.

 

[Tray59]

I think a couple should have a mutual understanding on how to manage the family's finance. How much to save and invest. If they cannot reach a consensus and go their own way, the marriage will be ruined.

Yes there must be mutual understanding between the two couples in terms of finance,so financial aspect of it is what married couple need to resolve and organize other wise your marriage won't last that long , income and expenditure must be properly examine at close rangee

 

[Augusta]

Keeping financial secrets or failing to discuss income, expenses, and debts can create distrust and strain the relationship

 

[Trush Jodie]

Keeping financial secrets or failing to discuss income, expenses, and debts can create distrust and strain the relationship

This one is veey common among the married couples today. And it starts when one partner has more financial contribution than the other.

 

[Augusta]

This one is veey common among the married couples today. And it starts when one partner has more financial contribution than the other.

My point exactly, it is not ideal for couples to keep secret in almost all aspects of their lives to avoid issues

 

[Fire&Rain]

For a marriage to survive anything really there should be proper communication and total transparency. This include financial management as well.