When two persons join forces in a marriage or co-habiting union, one of the important aspects that will determine the success of their relationship is how well they manage money together. While money can’t buy love, it can definitely solidify and secure the foundation of a family bond.

In the best-case scenario, spouses should operate as a team when making all their financial decisions. Both parties should pool their income on an equitable basis to ensure that the household needs are met, and they should make plans to accomplish long-term objectives for the future.

While you hope that you and your spouse will share the same goals and work together to achieve the best for your family, there are times when the financial union may be rocky. Let’s look at some of the negative money issues that may arise between spouses, and suggest practical strategies to overcome them. Continue reading Managing Money Challenges With Your Spouse →