3 ways to prevent money Battels with your partner

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3 Ways to Prevent money Battles With Your Partner
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Introduction

• As anyone whos ever been in a relationship
  surely knows, money can be quite the contentious
  issue.  Whether youre baffled by your partners
  overspending (another new shirt, really?!) or
  irritated by her perceived stinginess (why does
  she have to count every penny?!), theres no
  denying that money causes fights.

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Introduction

• In fact, couples fight about money an average of
  five times per year, according to a survey
  released this week by financial company TD
  Ameritrade and personal finance website Learn
  Vest.  While a little fight here and there isnt
  a big deal, money battles can lead to bigger
  issues namely, divorce.

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Create shared goals.

• If youre each working towards different money
  goals hes saving up for his dream car, you for
  a house in the burbs its easy to end up
  battling it out when you dont have enough money
  to fully save for each goal. Instead, couples
  should create a shared goals list, where each
  goal is prioritized (some goals can get equal
  priority, meaning that an equal amount of money
  goes to each goal). Be sure to put things like
  getting out of debt, building up an emergency
  fund (most experts recommend you save six months
  worth of income) and saving for retirement at the
  top of your list.

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Hold regular money meetings

• Marriage is all about communication, but many
  people dont talk about finances often enough,
  says Navarro. Its important to have regular
  (many experts recommend monthly) money
  meetings, where you look at what youve spent
  over the past month, what youve saved and where
  you are in the path towards meeting your money
  goals like getting out of debt or saving for a
  home. (Using a money management site like
  Mint.com can help you do this

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Talk details

• When you talk about money, details are important
  to include, says Navarro. So, its not enough
  just to say something like Id like to buy a
  home, lets save for it. Instead, you have to
  figure out how much of a down payment youll need
  and create a detailed plan (how much will you
  save each month, where will you cut spending so
  you can save that money) to help you get there.
  Without a plan like this that both of you agree
  on

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