If your partner has bad money habits, here’s what you should do

Do you have a partner with spending problems, check out what to do.

You can have a better relationship with money if you follow these tips.

Have you ever asked yourself, what you would do if you end up marrying someone who has a bad money habit?

In marriage, money issue do not just affect finances, it can also affect your relationship and if care is not taken, it may ruin the marriage.

According to a survey published in Independent in January 2018, money worries are the leading cause of marriages falling apart.

Some of the respondents of the survey blamed their partners for their money worries, accusing them of overspending or failing to budget properly.

Should you find yourself in a situation like this, here's what you need to do.

  • Do financial plannings together

If you feel your partner has a bad money habit, you should not leave him/her out of the financial planning.

You need to work together when it comes to your finances. Know your net worth and create a financial plan and a budget.

Because your partner has bad money habit does not mean you should not work together when it comes to the finances. Always make sure your partner is involved.

  • Pay off debt

In marriage, if your partner has debts to pay, you automatically inherit the debt also. To avoid your finances getting destroyed by your debt as a couple, you need to find ways to get out of debt.

  • Always have the money talk

If you feel your partner has bad money habits, and you think it might be an issue, instead of overlooking or keeping silent over it, you should have the money talk before the bad money habit destroys your finance and also your relationship.

Let your partner know there is an issue and explain why the bad money habits are affecting your finance as a couple.

  • Do not give up on your partner

If your partner admits to the fact that they have bad money habit, then you should not give up on them. Find ways you can help him/her improve and get out of such bad money habits.

Check the progress of your partner with the finances. If there is no improvement at all, then you should talk to a financial advisor and a marriage counsellor.

JOIN OUR PULSE COMMUNITY!

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Frank Akpan says he killed Iniobong Umoren with a voltage stabilizer

Men! Here are 5 women you should not have sex with

This bride wore the most unconventional wedding dress on her big day and it was beautiful

3 home remedies for tooth decay and cavities

Meet the Himba tribe that offers FREE SEX to guests and doesn't bath

7 easy ways to treat premature ejaculation naturally

ICPC declares Buhari’s son-in-law wanted over alleged $65m fraud

TB Joshua’s daughter gets married to the same man for the third time

Lawan tells governors to practice what they preach on restructuring