It is not uncommon to hear both spouses in a marriage claim that they are committed to their relationship and the value of their relationship is extremely important to them. However, when one spouse starts whining about money, it is usually an indication that they have discovered that they have started spending more than necessary, that they have over-spent on certain things and that they have covered up their lack of preparedness with excuses. This is where a couple living under the common budget for married couples and has achieved a high degree of financial unpreparedness enters into a debt-free future. The reality of a debt-free future means being able to enjoy your life without any financial constraints that may prevent you from enjoying the same level of enjoyment as before.
To enjoy a debt-free future and to keep that debt-free future, both spouses must commit to changing their spending habits. This means that they will need to spend less than their income and spend that money on things they enjoy. At the same time, they must invest that money back into their lives by saving it in an account or by putting it in a high-interest savings account. They also have to avoid putting that money in things that are not a necessity.
By controlling their spending habits, both spouses can achieve financial security and happiness. As soon as one spouse begins saving money, this automatically reduces the stress and worry they experience about accumulating debts and their inability to meet their obligations. Because they know that they can pay their bills and invest that money, they are no longer living in fear of going out and accumulating debt-which is very dangerous to a married couple. Also, as their financial situation improves, so does their emotional well being. When the money is available for the things they want, they can spend money on what they want instead of constantly worrying about how they will make that mortgage payment or car payment.
A successful debt-free lifestyle is also where one spouse is making the other spouse financially responsible for the family’s needs. This is because the more financially secure one spouse is financial, the less likely it is that the other spouse will be tempted to go out and get more credit cards. This will only increase the tension between the two individuals. One spouse has to be more responsible financially to make it easier for the other spouse to make responsible decisions in the way that they use their credit cards. The fact that one spouse is financially secure makes it possible for the other spouse to have the resources (such as savings) to make wise financial decisions without using their credit cards.
In fact, the best way to achieve a debt-free lifestyle is to start planning for the future. One spouse must have a retirement account so that the spouse who has the slower earning pace can plan for the future by saving and investing the money they would have if they stayed at their current jobs. This is very important for any couple that expects to have children in the future. Children are susceptible to the amount of money that their parents have, so having a retirement account and saving for it will allow you both to be happier in the long run.
Following some of the advice above should become clearer just how important money is to a successful marriage. Remember, being debt-free is not something that you can achieve overnight. You must be committed to saving and investing money to have enough saved up to support your lifestyle and the lifestyle of your future children. This will ensure that you are happy and remain married for a very long time.