Sustainable finance is one of the prerequisites for a happy married life, avoiding cracks in the married relationship.
Scientific and unified joint financial management is not only the foundation for stable family economic development but also helps couples feel comfortable in spending.
Open discussion
One of the important steps to manage the finances of both husband and wife is to discuss openly how to spend as well as build a common family fund.
Couples can discuss frankly about income, personal expenses as well as the family's general expenses. This is also a way for couples to clearly understand their income and make spending plans for their family.
According to psychologists, discussions about family finances should be maintained periodically, every week or every month to review expenses and make financial plans in the coming time.
Choosing a financial management model
There is no suitable financial management model applied to every family. Couples can consider choosing based on family reality such as: Complete Shared Account - All of the couple's income is combined into a common account to spend and save a part.
This method is suitable for couples with similar incomes and similar views on spending.
Separate accounts with joint contributions - Each person will keep personal income, but every month contribute a certain amount to a joint account to cover family living expenses.
This method also helps maintain personal financial independence, while still ensuring the common expenses of both husband and wife.
The above two methods will help balance between common responsibilities and not affecting personal expenses, minimizing financial disagreements between the couple.
Establish a budget and set financial goals
Once you have agreed on a financial model, let's set a budget and set a detailed family financial target together.
The budget should include all fixed expenses (housing, invoices, tuition, etc.) and conversion expenses ( catering, entertainment, shopping, etc.).
In addition, setting common financial goals to implement big plans such as buying a house, buying a car, saving for children to go to school or possibly arising expenses...
When both of you aim for a common goal, spending clearly becomes easier and avoids arguments between the couple.
Respect
Each couple needs to be responsible for discussing frankly about large expenses. At the same time, respecting each other's decisions is also a factor in keeping the family in harmony. Instead of criticizing or judging, listen and consider the reasons for the other person's decision in spending.
This is also a way to help couples trust and find optimal solutions to bring good results instead of endless arguments.
