Daryl Dagit: Relationships and finance

WMBD This Morning

Whose money is it anyway? – Some couples can’t agree on financial issues, so once bills are covered then they split the leftover money in half and spend how they want. This sounds like a fair plan, but can build resentment and eliminate the financial value of marriage.

Debt – One partner may have more debt than the other, or worse yet one partner may be debt free. This can cause resentment and argument over who is responsible for paying down the debt.

Personality – It’s important to understand who the spender is who is the saver. Understanding money habits and talking about them is important for a healthy relationship.

The Bread Winner – When one partner works and the other does not or when one earns considerably more, the money earner often dictates the spending priorities.

Children – Today, it costs on average nearly $300,000 to raise a child to age 18. As a result, arguments can arise on whether or not couples want to have children.

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