Learning how to manage money as a couple is one of the biggest hurdles you’ll face. A study by TD Bank found that nearly 40% of couples between the ages of 23 and 38 fight about money at least once a week.
Once a week! That’s 52 fights a year you could avoid by learning to manage money better as a couple.
That’s where the Zeta: Couples Finance app comes in. It’s a free budgeting tool designed for couples. Keep reading this Zeta review to find out if it’s right for you and your partner.
Being in debt can cause mental stress, physical stress and marital stress.
Michael Lacy and his wife Taylor were under marital stress when their debt caused them more problems than they were prepared for. After some honest discussions and hardcore planning, they managed to pay off all their debt and come out stronger as a couple.
With many lending companies offering convenient (yet high interest) wedding loans these days, it can be tempting to borrow money to have your ideal wedding day. After all, the average cost for a wedding is around $35,000. That’s a lot of money.
The unfortunate thing with borrowing is that debt follows us into the first days of our marriages. And with money fights being one of the top reasons for divorce, starting off with 5-figures of wedding debt might not be an ideal starting place for this lifelong partnership.
Today, I’ve invited someone on the show who’s not only experienced the emotional and financial hardships of debt, but she figured out how to combat it and eventually pay for her $40,000 wedding in cash.
Stefanie O’Connell Rodriguez is my guest today. Stefanie is a nationally recognized millennial money expert and author of the book, The Broke and Beautiful Life. Stefanie’s work & advice has been featured in The Wall Street Journal, The New York Times, USA Today, Cosmopolitan, Glamour and Oprah Magazine.
Stefanie lives in New York City with her brand new husband.
Hello all! Andy Hill here … We have a new guest post from personal finance author Elle Martinez from Jumpstart Your Marriage and Your Money. Elle’s mission of helping couples improve their money-smart ways is right up my alley. Her article below gives you the skinny on how couples can truly take advantage of a dual income household. Enjoy!
Two incomes are better than one, right?
Marriage can be a beautiful partnership when spouses combine their gifts, talents, and support. Two incomes for a couple can also be a blessing – if used wisely. Let me explain.
When my wife Nicole and I started our marriage, we were $50,000 in debt and spending money like it was our full-time job. I, for one, had no issue going on vacations, driving cars and updating our home all on credit.
When we started thinking about having kids, Nicole and I knew it was time to break our addiction to debt. We knew we needed a plan to master our money.
We had heard that developing a monthly budget could help us in eliminating debt, saving more money and reaching our goals. So, we gave it a go. It was rocky at first, but soon it became habit.