Help for families with money troubles in Rumney, New Hampshire
For people in New Hampshire, personal/ household debt constantly increasing the pressure on marriages in continually increasing with approximately half of married couples fighting over financial issues, making financial problems in a marriage one of the main frequent marriage problems.
As the saying goes ‘money is what makes the world go round’ and not being able to spend money on the important things you want to spend it on significantly increases the levels of stress in a relationship for residents of Rumney.
Recovery for Financial Problems In Marriage
It is particularly difficult when couples:
• first get together after having it easy living with parents,
• have only had to take into account number one in the past,
• have a new baby to consider,
• have been used to making good money and then hit by hard times or
• have just let their debt get out of control.
Living in Rumney, having enough money to spend is essential and it is so easy for spending to get unmanageable. I know so many people who just spend and spend, leave nothing for a rainy day and get deeper and deeper into debt. 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. I always keep a little back and it avoids all the stress when that unexpected bill comes in!
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 Rumney, New Hampshire. 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 Rumney 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 Rumney, New Hampshire 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.
Don’t leave debt on your credit card unless its 0% financing– remember 0% is usually a teaser rate. Again don’t get caught out by the fine print and end up paying interest on everything you buy thereafter– transfer your balance onto an another card, make use of the 0% finance but don’t buy anything else using that card.
If you cannot follow the rules and only spend what you can easily clear at the end of each month rip up every credit card you have. Don’t increase debt.
If you would like to save your marriage solve those financial problems before they take over 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 Counselor can help you work through a budget and a debt snowball.