Everyone knows that nearly half of marriages end in divorce, but did you know that studies have now found that fighting over finances is the number one predictor of divorce? Indeed fifty percent of those that do divorce end their marriage because of financial tensions.
Effective budgeting and planning your finances together can literally save a marriage. I’m not necessarily suggesting every married couple has joint bank accounts but creating a household budget together in a transparent way has a whole host of advantages.
Tim Maurer listed these advantages in his article for Forbes titled ‘10 Ways Budgeting Saved My Marriage’: