How To Overcome Financial Problems In Marriage (10 Proven Tips)

I agree there are many things in a marriage that might cause problems such as Jealousy in a relationship or when Marital disappointments set in as a result of poor Marital Entropy Knowledge. Apart from these, another Big problem couples face is understanding how to overcome financial problems in marriage.

While many married people may think they have this all figured out, some of the tips I will be mentioning here in this post may be new to you.

Personally, these tips have helped me in my marriage, and I am here to give the same original strategies my husband and I have employed in our marriage to stay out of marriage problems that result from Financial mishandling.

Let’s dive right into this.

10 Step-By-Step Tips On How To Overcome Financial Problems In Marriage.

1. Be Transparent To Your Partner.

If you are ever going to learn how to overcome financial problems in marriage, the very first thing you must do is to lay all your cards on the table i.e. To become transparent to your partner.

Maybe you have been hiding money in a private bank account or into some undisclosed investments, or maybe you have not been quite honest about the amount of money you have been spending, it is time to come clean with your partner.

While this might look a little difficult or like a no-go area for some people, trust me on this, it is just the right thing to do to bring a lasting solution to financial problems in your marriage.

2. Maintain Mutual Respect For One Another.

For the sake of bringing a lasting solution to the financial problem rocking the boat of your marriage, you have to maintain mutual respect for one another.

It does not matter who is and who is not working, the most important thing is you both own anything you earn and you both also deserve respect.

In our case, we learnt it the hard way. While I was not working at the time, my husband who was the sole provider in the house seemed to get fed up with the huge bills and at a time, with my careless transfer to the wrong bank account.

These built up into the throwing of tantrums. We only conquered this marriage problem when we simply respected one another and also appreciated our uniqueness and the contribution each of us was making towards keeping the family running.

3. Discover The Root Causes.

Sometimes, couples only deal with the surface of the financial problems in their marriages and neglect the root cause of it. In the end, they simply end up going back to the Financial problem in the marriage.

Have you taken time to find out why they are spending so extravagantly, or why they keep hiding their savings/money from you or what their fears are? These and many more may be the reasons for those financial problems in your marriage.

4. Establish A Line Of Communication

A good line of communication will do a whole lot of repair to any marriage facing a financial problem. You can both agree on specific days of the week when you take your time to discuss every area of your family finances plus strike out a clear and concise way forward.

To do this well and also achieve results doing it, you need to agree on the time, the day(s) of the week, and more importantly, the location (Within or outside your house) for your family financial meeting.

When you have finally come together on this day, no one must judge or insult the other. You simply just want your partner to have this sense of freedom to express themselves and also to lay to the table any idea that might help to move the family forward financially.

5. Begin To Make Concrete Plans.

If you can strike a good line of communication as mentioned above, the next thing you must do afterwards is to begin to make solid plans towards solving the financial problem in your family.

Since you have had a previous meeting where you laid everything out on the table, here, you are looking into strategies to boost your family finances.

So whether you need to come up with strategies to settle your family debts, see a counsellor or buy some items in the house, this is the stage where you have got to come together and come up with a plan to get it done fast.

6. Become Accountable To Your Partner.

You need to become accountable to someone, and the best person who fits into that shoe of policing you around is your partner.

Take for instance you set an amount of money for some specific things and your partner is already trying to overspend. You must do everything lovingly possible to draw their attention to the resolution you had together.

7. Be Careful With Credit.

If you are ever going to learn how to overcome financial problems in marriage, then you’ve got to know that taking credit in a marriage is a big risk as it has the tendency to choke the life out of the relationship if anything goes wrong. A poor credit score will inhibit your ability to apply for a mortgage or some other kind of loan such as a car loan.

One big danger of taking credit especially in a marriage according to THE BALANCE is that If you do not pay your balance in full, then a portion of each payment goes directly toward interest payments which will increase the amount of time it takes to pay off your balance and this same system is pretty much the same everywhere.

8. Seek Assistance.

While it still depends on what your principles are, I do not think it is wrong to seek assistance from close associates. Financial problems in marriage can be disheartening, but with a little assistance from people you can trust to help you while keeping your image safe, you can surely solve a larger part of the financial problem in your marriage.

9. Cut On Your Expenses.

As you try to learn how to overcome financial problems in marriage, one of the key things you should endeavour to do is to cut your expenses. Cutting on your expenses helps you to spend money on real/important priorities.

One of the things that will come into this is deciding who to send gifts of either cash or non-cash to. Some of these people may include extended family members.

10. Accept And Deal With Your Emotions

As you strive to learn how to overcome financial problems in marriage, you may need to know that emotions will set in such as Bitterness, anger, and even guilt.

These emotions are usually lashed out at the spender in your marriage. But while it is never a crime to become emotional in marriage because of the pressure of financial problems, you may need to reevaluate the reasons behind the emotions.

Truth is, every marriage goes through this stage just as I recently covered in one of my posts MARITAL ENTROPY. You have got to flow with your emotions, embrace them, and understand their depth but use the forces they generate to fight the financial stress in your marriage instead of each other.

How Can Financial Problems Affect A Marriage?

You have got to believe me when I say there is not a single good thing you can achieve in your marriage when there are financial problems yet unsolved.

Unresolved financial problems in marriage pose a very big threat to marriage. In the preceding paragraphs, therefore, I will outline a few problems or effects of financial problems in a marriage.

1. Animosity & Anger. Prolonged financial problems in marriage bring about animosity and anger, and this is especially telling on the woman. Truth is, money is very important in every marriage, and misappropriation of it will lead to anger.

2. Transfer Of Agression. This is a direct effect of anger and animosity which results from financial problems in a marriage. Here, a partner transfers the burden and load of anger to anyone, especially the children.

3. Marital Crack. As anger builds up as a result of financial problems in the marriage, the marriage begins to experience cracks little by little. I was once here too, and I know what it means to experience marriage crack as a result of unresolved financial problems in a marriage. Before things spiral out of control, you may need to speak with a counsellor fast to get the best advice.

4. Unfaithfulness To Spouse. I have had to counsel married people who began to cheat on their partners because of unmet financial needs. Of course, unresolved financial problems in a marriage can lead to unfaithfulness in the marriage, especially for women.

4. Divorce. Again, before your marriage hits the rock of Divorce, you might need to consider speaking with a counsellor for free.

Marrying Someone With No Money – Should you go ahead or not?

In the previous paragraph, I tried to cover many of the issues and tips on how to overcome financial problems in marriage. From years of counselling singles, one question I have received many times is one relating to marrying someone with No money.

A lot of singles want to know if they can marry him or not if he’s perceived as “Not wealthy”.

In the following paragraphs, I will simply provide you with an expert opinion as well as the experience I carried from my personal experience.

In a relationship, there should always be boundaries and limits to what you can accept and never accept as a person and financial comfort should be one with large prominence.

A once-sweet love may soon become bitter as a result of financial difficulties in a relationship, and this is why making financial plans before saying I DO is important.

Here are a few tips I am sure will help put your mind to rest whenever questions like this crosses your mind.

1. Evaluate Your Partner Sincerely

In all sincerity, you will need to evaluate your partner’s current financial standing. To do this accurately, you may need to ask the following questions:

1. What Is the worth of his current job?
2. How sustainable is his current job or handiwork/craft
3. Is he innovative?
4. Is he success-driven?
5. Is he Lazy or does he feel lazy?
6. How solid are his financial plans and projections?
7. Is he sincere (From previous discussions)?

These questions and more will help you to analyze or evaluate your partner’s current and future financial prospects.

2. Make Plans To Support

If I were to give you a million-dollar advice today, it would be; Get a job yourself so as to support your partner when you finally get married.

So while some people may not agree with this, it is a fact. Do not decide never to marry anyone simply because they do not have money when you do not even have a job yourself and are making good monthly cash.

3. Put Your Partner to the test and watch for red flags

Sometimes, it is very important to put your partner to the test at that moment when they are seen as not having enough money.

1. How do they react when they see some money…..
2. Are they extravagant in spending?
3. Are they aggressive when they do not have money?

These and more are some red flags to look out for….. They go a long way to helping you decide right when it comes to marrying someone without money.

On a final note, while no rule says you have to combine your assets—or your debt, if you decide to simply go into the marriage with your partner whom you think is broke, you have to make plans to be supportive and to help him save and plan for the future.

A friend once said to me; that the guy lacks ambition which is of high importance to me. That Is understandable, after all, marriage is not by force and it is better to iron this out now before it becomes a divorce and heartbreak in the future.

If you decide to go on again, you may need to know that Marriage is a stabilizing force and sitting down with your fiancé and having a candid conversation about money is non-negotiable.

So far, I have tried to outline the 10 Step-By-Step Tips On How To Overcome Financial Problems In Marriage plus simple added tips on whether you should marry someone with no money (Someone broke).

Let me know in the comment section below which of the suggested steps you are going to put to practice right now, and which of them you think you might need a counsellor’s assistance to execute.