Marriage Choking Points: Compulsive Spending

Are you a compulsive spender? Is your spouse? A compulsive spender is someone who can spend everything, right down to their last dime on frivolous things and items that they want but don’t necessarily need. A compulsive spender can do more than damage a marriage; they can land the relationship and the family into dire financial straits. If you or your spouse is a compulsive spender, chances are you are both aware of the problem. Make no mistake, compulsive spending is not a malicious act that one spouse does just to tick off the other spouse. Compulsive spending in and … Continue reading

Marriage Choking Points: Dollar Signs

There are more important things in life than money. The trouble is, they all cost money! – Milton Berle When we fight over money, a large number of those disagreements usually occurs over what are referred to as a choke point. The choke point in a financial argument is when one partner or the other (or both) are spending money in amounts that the other thinks is unreasonable without consultation. For example, a husband comes home from work and shows off his new cell phone. It has an embedded camera and blue tooth capability. He would have picked up the … Continue reading

Merging Your Finances

If you are just getting married, it can be difficult to begin to merge finances. This becomes especially difficult when it comes down to debt and savings. It may be difficult for the partner who has little or no debt and a lot of savings to want to merge the financial situation with a partner who has large amounts of debt and no savings. The first step to successfully merging your finances is to agree to do so. It may sound silly, but if you hold something back or hide part of your finances from your spouse, then it will … Continue reading