Love me, LOVE MY MONEY

Married people are generally wealthier than their single counterparts. But finding peace with your partner when it comes to finances can be a tall order

- SYLVIA WALKER

Bickering over money erodes the foundation of your relationship. No two people think alike, and differences of opinion can cause major conflict.

Poor or reckless financial decisions affect your security in a relationship. Feeling financially secure is a basic need, and if this is damaged, it can lead to anger, resentment and disrespect. This leads to destructive behaviour, such as hiding money. These cracks will widen, causing permanent damage to the relationship if not addressed properly.

MARRIED PEOPLE ARE RICHER

There are undeniable financial advantages to being married; numerous studies have shown that married couples are wealthier over the long term compared to their single counterparts.

Recently, the 2022 United States Census Bureau found a significant correlation between marital status and a person’s wealth. According to their findings, the average net worth of married-couple households far exceeds that of households headed by unmarried people. As long as you manage your money well, being married builds wealth by combining your incomes, assets and time.

NO MONEY, NO HONEY

Whether you’re married or single, money is a fundamental part of life. Neglecting your finances leads to many complicated situations, including having no financial protection if you become ill, an inability to educate your children and not being able to save for your retirement, meaning you may become a financial burden to your children in the future.