Money is one of the most sought after things on earth; man’s needs centres around money.
However, one thing couples quarrel about the most is money; when there is a lack of it there would be quarrels, when there is excess of it there would be quarrels, and there would also be quarrels when money is in moderation. Show me a couple that doesn’t have money quarrels and I would show you a couple that’s living in peace.
It’s quite considered unromantic to talk about money before marriage; but I think it’s important couples know what and where they are heading to so as not to enter the trap of money quarrels unprepared.
Why do money and finance come in-between couples that even seem so in love?
1. DIFFERENCE IN SPENDING HABITS
We all have different personality traits and it also shows in how we use our money; some are frugal, some are spendthrift, some love to save a lot, others don’t, and this could be a big problem if two people enter marriage unprepared because difference in spending habits have led to the collapse of many marriages. Spending habits are a major reason couples have money disagreements.
2. OPPORTUNITY COST AND SCALE OF PREFERENCE
Opportunity cost and scale of preference are useful economic tools in making purchases in order of relevance and preference, but like I mentioned earlier we all have different personality traits and this in turn can alter the effectiveness of opportunity cost and scale of preference if care isn’t taken. The man might be thinking of getting a new car to help the family transportation, whereas the woman might feel moving into a new house should be the major priority; they are both right in their thinking and this in itself is another major money problem couples face — placing priorities.
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