Financial Compatibility: Money Advice For Couples

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Money Advice For Couples
Does your honey understand you when it comes to money?

We've probably all heard someone say, "Money is the root of all evil." However, the whole phrase is a little bit more complicated: "The love of money is the root of all evil." If we believe money is the root of all evil, we are all in a lot of trouble because everyone uses money every single day. How could we ever hope to escape evil if that was the case?

You might not feel that money is evil, but it can cause unnecessary problems in your romantic relationship. If you and your partner view financial priorities differently, there is greater cause for tension, frustration or anger about how money is managed in your household. Here's an example to illustrate our point:

 

Collin's wife is fantastically frugal and a coupon queen. She saves them so much money through her couponing ways, he thinks she is performing some sort of magic. She turns one meal into three, companies practically pay her to buy their products through coupons, and rebates and their stellar credit score saves them thousands each year with their low interest rates. Her financially savvy ways amaze him. But for his birthday, Collin felt like she pulled a skunk out of her hat instead of a rabbit. She used her coupons and thrifty tricks to give Collin a "great bargain" for his special day — not what he had asked for or really wanted. He felt like the act of getting a great deal was more important to her than celebrating his birthday. Keep reading...

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Article contributed by

Scott And Bethany Palmer The Money Couple

YourTango Expert Partner

The Money Couple, Scott & Bethany Palmer are parents, finance experts, authors, and regulars on national TV and radio. With 40 years of combined financial planning experience they launched The Money Couple to help couples and families improve their relationships with love and money. Scott and Bethany enjoy an active lifestyle living in Colorado with their two sons, Cole and Cade. Pre-order their NEW BOOK, The 5 Money Conversations To Have With Your Kids At Every Age and Every Stage

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