This is the 2nd part to this series. Click here to read the first part of this series.

Secret No. 2: Agreeing on Money Matters Early

This might see like a very practical and non-love related issue, and you might seem surprise that this is my 2nd secret to a happy marriage. 🙂

But do you know that a frequent conflict over finances is a top predictor for divorce? Hence, after choosing the right mate, it is very important that you and your other half actually have very clear expectations about money matters. 

Even before I got married or met Jamie, I knew that when I get married, I would like for my husband and I to have combined finances. I think this has a lot to do with my upbringing. My parents both have their own small businesses. However, they pool all their resources together. I still can vividly remember that whenever my dad comes home with the money he has collected from his clients, he would pass all his money to my mum for safekeeping, and would only keep a small portion for his daily expenses. And I still can remember that when my dad and I go for movies together on Sundays, he would usually ask for money from my mum. For some men, they might be turned off by such a thought. But I knew the reason behind it. My dad knew that my mum was much better at accumulating and saving money. Thus, he passes all his money to her. Hence, even from my earliest memory, I do not recall my parents ever arguing about money, as everything is simply shared.

Therefore, when Jamie and I were dating, I shared with him my financial philosophy. He was rather shocked at first  I must say. But after understanding where I am coming from, the idea eventually grew on him and he eventually agreed to it. Hence, currently, all our accounts are joined. We pool all our resources together. And that is the reason, we do not argue about money. We do not need to decide on who pays for the meal, who pays for the housing installment, or who pays for the kids' education, or how much we have to put towards our joint account (should it be based on who earns more or should it be equal?)

What is his is mine, and what is mine is his. 

Is this something that works for everybody? Probably not.

But the point I am trying to get at is that,

It is very important that you talk about money and agree on certain guidelines before you get married.

Couples who attend pre-marriage counselling would have covered the topic of marriage and finance, but couples who do not attend pre-marriage courses might not really know what they getting themselves into. It is absolutely vital and important to understand each other's values when it comes to money.

Even if you and your partner have different values, it is good to know where both parties are coming from so you can think of ways to resolve potential problems before the problem becomes too big a problem to resolve.

(This is part 2 of a 3 part series. Sign up for my updates using the Subscribe Form on the left sidebar to be informed of the subsequent installments)