| NEW YEAR FINANCIAL CHECK-UP |
Financially Stabilize Your Marriage
The new year is a great time for husbands and wives to discuss their finances, a topic which is becoming an increasing problem for many married couples across the country.
During difficult economic times, couples can either use their money to "stabilize" their family, or they can "destabilize" their home by making poor choices with the money they earn, says nationally known marriage and family therapist Annette Annechild.
"Too often couples work against each other when money is tight rather than conscientiously working together to make ends meet," Annechild said.
According to SmartMoney.com, 70 percent of all married couples talk about money every week, but they don't come up with strategies to strengthen their financial position. To overcome monetary differences, marriage experts and financial analysts alike recommend couples spend time talking about money on a regular basis.
Couples should come up with short and long-term goals, which can be as simple as spending less and saving more or tracking all expenditures, financial analysts advise.
A united approach to making ends meet is much more powerful than working separately without talking to each other. Money is tight for a lot of families right now, financial experts say. Couples must work together to keep their families financially stable.
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