THEand issues related to the economic sphere affect 36.7% in cases of divorce: this is what results from a research published in the academic magazine Couple and Family Psychology. To generate crisis in the couple contribute to having a Different approach to money management or have different financial priorities, failure to compare and the arrival of unexpected expenses.
The serenity as a couple? It depends on the management of money and accounts: 8 tips to improve it
Financial management in a couple is in fact a delicate topic that requires one Solid base of communication and mutual trust. Sonia Canal’s advice, Network Founder Business partner (who brings together over 200 professionals between accountants, lawyers, fiscalists and work consultants), to improve the financial management of the couple.
1. Divide your homework
The first advice is: decide Who is the contact person of the various financial activities. Who, for the couple, manages the contacts with the banking institution or with the accountant, those who make the payments and the various operations agreed together. This approach allows you to optimize the timeshave a clear division of responsibilities and avoid misunderstandings.
2. Share financial objectives
It is useful to establish the figure that can be saved monthlyand obviously the outputs must always be lower than the revenue. Give yourself a Budget goal For expenses not to be exceeded, it helps to maintain a healthy financial balance and to plan them carefully.
3. Important expenses? Let’s talk about it in pairs
If an important expense is presented, it is good to evaluate it together: analyze What will be the impact on the family budget And what the renunciations that must be carried out in the following months to cushion it, avoiding that there are losses. This allows you to plan a return Over the months, and face spending with serenity.
4. Investing 20% of long -term income
The expert advises set aside a part of the income in a deposit account: Ideally, about 20% every month. Money to invest in funds or other formulas that create passive income in the long run: in this way, you can see the earnings with a low impact on everyday life.
5. A common account for couple expenses and an account for the person for personal ones
The best option to manage the expenses in pairs is – in general – have a common account for common expenses, without renouncing each one in their own account, With which to support the individual ones (obviously the sustainability of this hypothesis depends on the income of both). It is essential to always have an overall picture of important revenue and outputs.
Mutual trust is fundamental: if one of the partners is fears or doubts about the financial decisions of the other because it is capable of having effects on the economic balance of the couple, it is important face and solve these uncertainties.
6. Check the bill every month on the same day
Check every month (the first or last week) the sales of the current accounts to make sure they are growing: useful to fix one day establishednot to procrastinate and to create a shared habit.
7. Life choices and family budget: do we agree?
It is worthnagine Together both the expensesto evaluate which are superfluous, both the revenue. But, of course, Some of these voices depend on important and life choiceswhich exulate the financial aspect, and very delicate to face in a couple.
For example, iThe fact that one of the partners can deal full time for domestic work, renouncing a personal income and economic independence for a (hypothetical) family management. Or, on the contrary, you choose to start working (or to invest in their own training) to improve the couple’s financial future and proper. On the table, behind “money issues”, there are much more important assessments.
8. Involve teenage children
It is also useful to share with the younger members of the family with information on the state of their finances. But also on the costs that involve the choices of everyday life: from the course in the gym to shopping, to the purchase of clothes. They can thus become aware of the choices of the parents and start understanding what responsibilities the management of money involves.
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