Are You & Your Spouse Are On The Same Team?

This post was inspired by 7 Tips To Make Your Budget Work over at Enemy of Debt. Actually it was inspired by #2 on the list, Remember That You & Your Spouse Are On The Same Team.

I really thought hard about that one. Since almost 50% of American marriages end in divorce and the number one reason couples fight is over money, I am ready to say that no, most spouses are not on the same team. It is certainly that way with me and my bf. Let me explain.

I am not the most diligent saver as you can see from the numbers over there ——-> but I’ve turned a leaf and am trying very, very hard to pay off as much debt as I can in as short a time period as possible. I’m open to trying just about anything including selling off things we don’t need on Craigslist, putting up my resume for part-time weekend work, working online, writing articles on the internet, starting a blog that made a whole dollar yesterday (whoopie!) and selling my soul to the Devil. You know, just about anything. My bf on the other hand is not so inclined. He wants to get rich quickly and I want to be debt free. He says I’m obsessed. No, I just think that I’m focused. The problem is that what I am focused on and what he is focused on are two different things.

I know that I am not the only one since I know of at least one person whose financial goals are out out of sync with her husband’s. He wants to hold on to a failing business. In the process he is dragging down his wife’s credit, shares nothing with her of his own finances and is seemingly willing to risk his family’s financial security for a business that is obviously failing. He won’t quit for his own pride.

So I write all this to say sit down with your spouse. Check in with each other. Make sure you are on the same page with the same goal and the same ideas. If you are single or engaged do the same thing. Make sure that you layout your short-term goals and your long-term goal. They should at least be similar. You want to be sure that you are playing on the same team instead of sitting on opposite sides of the field.

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2 thoughts on “Are You & Your Spouse Are On The Same Team?

  • My wife and I were not on the same page financially for a long time. It is just within the last 6 months that we finally ironed out a budget, working together to set goals, and not totally blow up over money.

    Men and woman have different ideas on what she be done with the money. Somone is usually the financial nerd and the other is the free spirit. That makes it difficult and it is all about communication and compromise from there.

  • Thanks for the mention and I am glad you enjoyed my article as well! ๐Ÿ™‚

    I would say that being on the same team is one of THE most critical factors when it comes to family finance. Without it, progress seems to be more of a dream than a reality. That was my experience at least, in the beginning stages of our financial transformation.

    A lot of people mistake this for meaning they will never disagree when it comes to money though and that is incorrect. Disagreeing about money is better than agreeing time after time because it opens the doors for sometimes better decisions to be made. I’m the personal finance guy but my wife has some GREAT suggestions that make it easier for us to reach our goals, which should be the team goal in the first place. ๐Ÿ˜€

    Thanks again and good luck! ๐Ÿ˜€

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