Money tends to bring about arguments in relationships, if not properly addressed. You can't have a great relationship until you can communicate and agree about money. The issue of finance in marriage should be thoroughly discussed by both partners before marriage or in the first month of marriage. Some couples shouldn't talk about money because it only leads to fights. You might want to address the issue of:
- Joint account – Do you need one or not? What is the risk involved in having one?
- Separate accounts i.e. one for kids’ school fees, another for extended family, another for day to day expenses like grocery, subscription bills, etc.
- Personal Account where you can control your own savings and spending – Can you both have a personal account in order to avoid conflict.
- Both Accounts i.e. Joint and Personal Accounts.
Both couple should make financial decisions together so that they don't grow apart if done solely. We all have personal differences when it comes to spending, saving and accounting for money and this should not pose problems in our relationship. A partner may question the other partner's financial decision when one party is unemployed and solely depends on the other partner; the employed partner wants to question every cent the unemployed partner spends and even wants to take all the financial decisions because they bring the money.
