If You Disagree on Spending… (Part 1)

They say the three hot topics for marriage are sex, money, and communication. We talked about sex in the last post and we’ll put off communication till a later post. (See what I did there?) So, let’s talk about money.

At one time or another, every marriage will have problems over money, and how to spend it. Those problems usually stem from our money deficiencies and/or spousal differences.

MONEY DEFICIENCIES

More than once in our marriage, we’ve gone into a panic and scrounged for change in the sofa as we tried to figure out how we were going to pay something.

This was especially true when we were in grad school. We had so little money in grad school, our idea of eating out was CiCi’s pizza once every 2 weeks because the kids could eat for free. Our idea of date night was going to McD’s where my wife and I would share a small soft drink and refill it a hundred times while the kids played on the indoor playground.

Struggling over money can put an incredible strain on your marriage. I know! But there are things you can do, and we’ll get to those in the next post.

SPOUSAL DIFFERENCES

Another way money issues can put a strain on a marriage is when spouses have different approaches to money and spending. Our different approaches are fueled by things like…

Different upbringings.

Rarely do husbands and wives have similar upbringings when it comes to money.  One spouse may have been raised in a home where mom and dad felt it was more important to have things and experiences than to stay out of debt. Another spouse may have been raised by parents who were militant about building up savings and staying out of debt. Maybe one spouse never saw their parents fight over money, while the other saw that on a regular basis. How you saw your parents handle money and spending will have an effect on your marriage.

Different personalities.

How spouses approach money also has a lot to do with their personality. Optimistic or pessimistic, impulsive or calculating, extraverted or introverted…theses are personality traits that affect how we see and handle money. And if you haven’t figured it out yet, your personality is probably different than your spouse’s.

Different wants and needs.

If left to my own devices, I would spend as much money as I could on computers, iPads, and photography gear. My wife, on the other hand, would spend as much money as she could on furniture and things to make the house homier. So you can see, it’s unlikely that we’re going to agree on how to spend what discretionary income we might have. (Pray for us!)

Different fears.

All of the above differences tend to foster different fears in spouses. One spouse may fear not being able to give their kids the things they never had as a child, so they want to spend money…even if they have to go in debt to do it. The other spouse may fear not having financial security in times of crisis (or in retirement), so they want to scrimp and save, to build up their reserves…even if it means they do without some things. Our differing fears can be a strong motivation for how we approach money and spending.

Here’s the thing. Whether it’s not enough money or too many differences with your spouse…

If you disagree on spending…it’s normal.

But, even though they’re normal, money and spending issues can put a strain on marriage at best and tear it apart at worst. So, for the sake of our marriage, we have to learn how to handle our money and our spending.

How we do that will be the topic of part 2, next week. See you then.