On Marriage, Money & Letting Your Partner Know Everything About Your Financial Life
Why Couples Need To Build Their Finances Together
I found myself in the middle of a "WhatsApp status" discussion with some of my contacts last week about marriage and finance, and I learned a lot from the little talks I had with my friends.
This short piece brings together most of the things we talked about.
Before I go on, this piece is about 2 minutes of reading time (about 500 words), so I won't waste your time. I know you are too busy and your time is too precious, so I want to respect that.
You see, the marriage relationship (between a man and a woman) is very complex.
It takes a lot of wisdom, patience, and, above all, love for it to work out.
The problem many of us, especially young modern people, have is that we don't have enough wisdom, patience, and love to power a marriage, so we end up most of the time crashing it, hurting ourselves, and making a total mess of ourselves.
I have seen a lot of young marriages suffer. And when I mean young marriages, I refer to marriages under fifteen years. And often, the culprit here is money, apart from infidelity (I will write about the problem of infidelity next week) and other issues.
Money is a very powerful element in marital relationships, and most young folks don't know how to handle it.
From my discussions with some of my friends, I concluded that the man and the woman must agree on how they want to spend their money. And I stand on the premise that the man must be 100% open to his wife and vice versa regarding the issue of money.
Let your wife know everything you do with money (it should no longer be "your money" since you are one with your wife—right?).
It's better when a man and woman combine their financial resources and build their future.
However, there's a little caveat here.
The woman must show herself worthy and capable enough to allow the man to open up to her completely.
I trust my wife; I know her kind of person, so I can confidently and comfortably let her know my financial activities any time, any day.
This total involvement reduces the friction that usually arises with financial issues in marriages because she knows everything coming in and going out (you aren't hiding anything).
The big problem most men have is that the modern young woman of this age does not know anything about managing financial resources, so the young man is forced to keep his money to himself and reveal very little, if at all, anything to his partner.
It shouldn't be so.
If you are a young man planning to get married, be ready to allow your wife to know everything about your financial life; of course, you must be sure she can handle that level of trust.
And for the woman planning to get married, I implore you to get the required financial education before settling down. You will need it. Men respect women who are financially intelligent and know how to manage money.
Thank you for reading.
Hello, there.
If you are new to Unbounded, I welcome you.
This is my little corner on the internet where I share my ideas with the world.
I write about leadership, innovation, tech (health), entrepreneurship, culture, and more.
Most of my ideas are backed by science and research, while some are just good ol’ personal opinions.
Subscribe; it’s totally free, and I don’t have any immediate plans to make it paid.
Have a great day ahead.
Thank you for sharing, it was worth reading.