A happy money marriage is a key ingredient to a happy relationship. We all want a live happily ever after with the person of our dreams.  But the sad reality is that 75% – 80% of relationships that break up, blame money.

So, if you want a happy money marriage you need to talk about money and deal with money as a couple.

Here are a few tips for a happy money marriage.

Communicate about money

If you’re not sure how to get started, our blog New relationships: The Money Conversation has some tips that you help you through.  Before you get married or even get too far down the permanent relationship track you need to have open and honest conversations about money, including your personal financial position (yes that includes your debt).  If you can’t compromise and find common ground before you even get married you are certainly going to struggle afterwards.

It can be very frustrating for you both when one of you wants to talk about money and the other one isn’t so keen.  If that’s the case, our blog, Honey, Let’s Talk About Money has some great tips that you help you both through this.

Have a shared vision for your relationship

We don’t just mean financial, this is about your life together; what you want to do, where you want to go, what you want to achieve together as a couple.  Yes, the children conversation is part of this if you haven’t already had it.

Have joint goals, both short and long term

When you were in the early phase of your relationship you probably talked about the dreams that you had, the travel you wanted to do and maybe own your home.  It is now time to get serious about turning those dreams into goals together and working towards them.  You don’t want to walk up in 20 years time and realise they have all slipped through your fingers.

The ‘B’ word

Budgets were designed for businesses, to account for cash flow.  However, they can be a good tool to help get you out of a financial hole, but most of us fail at making them work.  We (Money Mentalist) prefer a Money Plan.  If you have goals you want to achieve, a Money Plan isn’t that hard to implement as you clearly know why you are making the changes and monitoring your spending.  A money plan isn’t about frugality or depriving yourself of the things you love, it is about making Choices, “If I choose this now, can I still have that later?”

A Money Plan isn’t based on numbers alone, have a look at a short video we made on the Money Plan.  It’s part of a series called ‘Why We do Dumb Stuff ‘.  Technically it’s called Behavioural Economics but that sounded a little dry!

Opposites attract

It is quite possible you and your spouse have completely different views about spending, saving and debt.  If you do, don’t worry, these differences can become a strength rather than a weakness.  Understand what it is like to be in each other’s shoes, how they see the world and by utilising open honest communication you can make it work.  If you’re not sure what your Money Personality is, take our Money Personality quiz, you might be surprised!

Make sure you can pay for the wedding

Unfortunately, we know a few couples who didn’t have a happy money marriage and it was all over before the wedding was even paid for.  Planning your dream wedding is really exciting, but you don’t want to be paying for it for the first 5 years of your marriage and putting unnecessary stress on yourselves.

Joint or separate finances

That is a whole topic by itself!  We have written a blog on this as well as a short video.

Don’t end up a statistic.  Just like the any relationship, having a happy money marriage takes work, but the results are amazing.

Understanding how you think, feel and behave with money, leads you to financial success.
Understanding how you BOTH think, feel and behave with money, leads you to relationship success.

If you are serious about discovering ways to change your behaviour so you can reach your financial goals and build a happy and successful life together, then drop us an email or click on this link to find a day and time that suits you to have a chat with us.  Best of all – it’s free!