Money management in a relationship can be an awkward issue if you are not prepared to face it. There are several stages in the couple, each moment has its challenges that must be faced in order to succeed.
When they are boyfriends
The couple downplays the duties and obligations they will have in mind in the future, the issue of money goes to the background. It is more important to have a good time on weekends, the gentleman tries to be as courteous as possible and she can be demanding in the gifts or places they frequent. At this stage, some value the growth potential of their partner, this may be associated with their work center, experience in the field, personal assets or their entrepreneurship. Others, however, hope to spend the moment in the best way.
At this stage the couple should have the least amount of debts, save as much money as possible for the marriage process, the rent of an apartment and the furnishing of the same. The austerity should be the key element so that the date of the marriage is not delayed much, nor arrives with high debts to the altar. It is essential to start the budget of income and expenses of the future family, what each can contribute, not only in income, but in the tasks for the maintenance of the home.
When they are newlyweds
The couple has to assume a series of obligations, which in most cases was not accustomed. From organizing the rent or mortgage payments, basic services, food, clothing, mobility among others.
For this purpose, you must structure a budget according to the marital income, the indicated expenses will be defined.
Be it the man or the woman who contributes to the family economy, it will be important that the financial decisions must be taken as a couple, where personal interests will have to be set aside, since the total household expenditure is present and forgotten in many moments the preferences of the family.
Some couples live dependent on the social circle where the family develops, their mentality becomes full of anxiety to survive, feed, dress, wear, rent, the car away from their economic possibilities, these worries lead to derail the harmony of the couple . More important than looking, is to adapt our needs to the income that the couple has. Rather we should look for other sources of income.
When the couple has children
When the children arrive, expenses arise that must be met, the new family member demands housing, food, clothing, medical care, among others.
The couple must strengthen the union and for this they do not require high budgets, everything can start from leaving a weekend, appreciating the beauty of a park, attending an art exhibition or participating in family games. The education of the child is a very important issue, the couple should check if their budget is appropriate to the expenses of a certain school.
The concern should not go to attend the most expensive school, but that the curricular objectives are achieved, since the child’s training does not depend exclusively on the teacher, but on the work carried out by the parents.
It is of the utmost importance the constant communication as a couple, that will depend on the fact that between the two they set short, medium and long term goals. In other words, you should learn to generate a good income and expense planning, in this way, even if the resources contributed to the household are of the sum of income of both members (and it could be that one member earns more than another) if talk, if communicated, confusion will be avoided, both will be valued and so they can establish a list of priorities in family spending.
Frequently one of them usually arrives on the fortnight with something he acquired because he simply filled his eyes and thought it would be necessary to have at home; This usually results in an attitude of disapproval of the other member, and if it generated an expression that it would be better to have bought something more useful for the quality of life they have thought of having.
When they are retired
The couple arrives at the stage in which they stop working in a public or private institution, it could also be that they supervise the management of their company, the hours of work decrease, the beauty is not the same as in previous stages and the feeling prevails more pure between them.
Both must manage their expenses and income, not just a retirement that in many cases is not enough to cover basic needs. If in times of higher income they have been able to invest in a department that generates income, a small business from which to obtain profits, interest on time deposits or earnings on investments in the Stock Exchange, the future will be more comfortable.
In many homes, grandparents who already have a retirement have a very important support job, which allows many couples to generate more income, but do not abuse this help, remember that the child’s parents are responsible for their training. Grandparents have already worked hard and support can be for emergencies.
The couple at this stage of their life, should enjoy short trips, contact nature, appreciate each other’s hobbies, all this does not require a significant expense. Although banks are already offering loans to retirees, they must also exercise their expenses according to their income.
At this stage of life there must be mutual support, ailments and diseases will not only require money to solve operations or medications, but the company of knowing that your partner is at your side as if it were the first day of in love Money should not be an obsession, but a means to acquire goods and services necessary for the couple to be happy.