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If you have serious financial issues the two of you cannot resolve you might ask for input from a third party. Research has shown that couples generally argue more about common everyday expenses than about long-term saving and investing. For example, one of you might think an unnecessary expense is a facial or a round of golf while the other person considers that to be a luxury. This can become serious if one of you refuses to modify your spending. However, amazing changes can occur if the two of you sit down with a third party, discuss your conflicts and get some help in learning better ways to communicate with each other.
Establish a threshold on your personal spending
Another good idea is to set a threshold on each of your personal expenses. For example, you might agree to limit your personal spending to $500 and if you wanted to spend more than that you would consult with your partner. And while it's not necessary to discuss every little purchase with your spouse you should have rules about spending on large purchases where you would then discuss the potential buy with your spouse. This not only prevents impulse purchases of unnecessary items but also gives both of you more of a sense of control when it comes to money matters.
Have no secret stash
The best relationships are built on trust. However, one study revealed that 25% of the couples surveyed said they never share their monthly bank account PINs, account balances or monthly spending. What's even worse is that 24% of those that were in committed relationships admitted that they had private accounts that their partners did not know about. It’s okay for each of you to have an individual account but if one of you is secretly stashing away money there can be problems. Those people with secret accounts were more likely to have had financial arguments with their partners in the past year to the tune of 73%. If you want to avoid strife over money it’s critical to openly and honestly, discuss all-important financial issues including your credit scores, debts, and spending habits and be sure to nix any secret stashes.
Make sensible decisions
When it comes to life's big decisions the critical phrase is "act sensibly." Many young married couples with a newly-combined income make the mistake of creating unrealistic goals with dreams of buying a bigger house or taking extended vacations without having the financial wherewithal to make this happen. To counter this one expert suggests that you avoid monthly spending that totals more than 25% of your combined income. This way you should be able to put away money in an emergency fund that would tide you over when you hit one of those unexpected incidences in life such as a job loss or a huge medical bill.