Help for families with money troubles in Perryville, Alaska
For people in Alaska, individual/ household debt levels consistently increasing the pressure on married lives in continually increasing with just about half of couples fighting over finances, making money problems in a marriage among the primary typical marriage problems.
As the saying goes ‘money is what makes the world go round’ and not having the opportunity to spend money on the important things you want to spend it on significantly increases the levels of stress in a marriage for residents of Perryville.
Recovering Solution for Budgetary Dilemmas In Relationship
It is particularly challenging when couples:
• first get together after having it easy living at home,
• have only had to think about themselves before,
• have a new baby to consider,
• have been used to good incomes and then hit by tough times or
• have just let their debt get out of control.
Living in Perryville, Having enough money to spend is important and it is so easy for spending to get out of control. They often look at me and wonder why I don’t have any financial issues, well that one’s easy, I have never spent more than what I have earned and never spend all the money I have.
When money is short stress levels rise and with increased stress levels comes the constant bickering, the blame culture and other relationship issues start to arise. Financial problems in a marriage just compound marital problems and small things that were never previously an issue start to come to a head.
When husband and wife do not have the same opinions as far as the family finances are concerned, financial problems in a marriage become a far greater issue. Partners need to understand that personal finances need to be managed, expenditure planned and bills met even in harder times according to statistics in Perryville, Alaska. Families need to learn to focus on the real issue at hand, which is money, and not start picking at other aspects of the marriage which wouldn’t have previously been a problem.
I’m not saying it’s easy, trying to get your spouse to curb their spending habits is difficult especially when you can’t see light at the end of the tunnel but, if you don’t take control of your finances the problem will just escalate and escalate until it is totally out of control.
It is easy for those living in Perryville to try to keep up with the neighbors and spend more than they should. You have to stop living beyond your means, take control of your finances now and make sure you understand what cash is coming in and what is going out. Write it down, see it in black and white and then eliminate as much of the unnecessary expenditure as you can possibly cope with.
If one or both of you have bad credit, consider using an ethical Dave Ramsey Financial Coach, like at Operation Care, to help you remove inaccuracies or out of date information. One of these financial counselors can help you increase your credit score, before you merge your finances in the marriage. Financial Coaching is available in Perryville, Alaska by video conference, telephone and via the Internet.
Set your budget so you can cover repayments plus a bit more (contingency), find ways to cut back and stick to it. Remember, higher repayments means less interest and more money in your pocket at the end of time!
Oh, and if you want to resolve financial problems in a marriage don’t forget one golden rule that will sort your finances out that much quicker – limit credit cards, if you have to have one then limit it to the one and always, and I mean always clear the balance at the end of the month.
Do not put debt on your credit card unless of course its 0% finance– remember 0% is usually a teaser rate. Again don’t get caught out with small print and end up paying interest on everything you buy after the intro rate– transfer your balance onto a new card, make use of the 0% finance but don’t buy anything else using that card.
If you can’t follow the rules and only spend what you can easily clear at the end of each month shred every card you have. Don’t increase debt.
If you would like to save your marriage deal with those financial problems before they take control of your life. We recommend taking Dave Ramsey’s Financial Peace University (FPU) before you get married or as soon as possible after you get married. A FPU Financial Coach can help you work through a budget and a debt snowball.