One of the most important keys to financial contentment and success is spousal unity. It’s critical to have a strong line of communication with your spouse regarding the household’s financial goals and concerns. Without the two of you moving in the same direction, it’s nearly impossible to gain traction and move forward. On the contrary, lack of financial clarity in a marriage can lead to frustration, anger, and resentment. Not surprisingly, financial issues are the leading cause of divorce in the US. Some best practices include consistent meetings with one another regarding the household spending plan, as well as assigning “financial roles” within the marriage.
For a single person, it’s wise to discuss goals and concerns with an accountability partner or trusted friend. Simply having a third party to communicate with can make a positive impact!
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