Newspaper article News Mail Bundaberg Qld.

Complex Finances Bring Conflict; Marriage Troubles Can Flare If the Relationship Is Only Judged on Money Issues

Newspaper article News Mail Bundaberg Qld.

Complex Finances Bring Conflict; Marriage Troubles Can Flare If the Relationship Is Only Judged on Money Issues

Article excerpt

Q MY WIFE and I constantly argue about money.

When we first married we opened a joint account, but since we've been together we've each inherited money and assets from our parents who have died and we decided to keep these monies separate a partly because what I inherited I share with my sisters.

The whole situation is complex now because my wife works less hours than I do, but brings more money in and I'm now expected to work as many hours as I do but do more around the house to balance out the amount I don't bring in to equal things out with my wife.

It's leading to a lot of fights and I'm starting to think it's not worth it.

Can money really be the thing that ruins our marriage?

Except for this issue, we get along really well and I love sharing my life with her, but I really feel like I'm in a raw deal, and would be better off financially if I were alone.

A It sounds like you two need a financial planner to advise you.

Yes, your situation is slightly complex because you've each got separate monies, plus your joint account.

And the contributions to your joint account are different because you each bring in different amounts, plus you have some inequality in dividing up your domestic duties.

While it's right that you've tried to even things out between you to create an equal relationship, it hasn't worked has it?

Not if you're talking about being better off alone.

Now, this might be true if you're only judging things financially.

And all you have to do is poll ex-husbands and ex-wives who will tell you that being alone is probably a better deal financially. But many if not more, wouldn't agree.

Is money the only factor you assess when deciding whether to be with your partner though? It shouldn't be. If it is, get out.

However, are you alone in your issue of fighting about money to the point that you feel resentment and question whether you should be in the marriage? Not at all. In fact, you're in the majority by far.

According to a CNN Money study, 84% of couples surveyed said money causes tension in their marriage and 13% say they fight about money several times a month. …

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