This was a lifesaver recently when our dog got sick, as we could get her the expensive surgery she needed without the additional worry of making difficult sacrifices that we might not agree on. We just take the money we need out of the account and then work on building back the savings. This emergency fund means we don't have any stress if a surprise costs creeps up - and we don't have to fight about whether we can afford it. Then, over time, we worked on building up the account even further. We cut our spending to the bone and didn't spend on anything frivolous until we had three months worth of living expenses saved up in our emergency account. My husband and I eliminated the risk of unexpected expenses by saving up an emergency fund immediately. Surprise expenses can also lead to credit card debt, which can cause financial worries that lead to further relationship strife.
Future fight never spent money how to#
It often means making cuts from your budget and you may not be able to reach a consensus on how to do that. If you don't have money put aside, figuring out how to pay unexpected expenses can cause a lot of money fights.
We saved up an emergency fund before doing anything else The automated transfers never change unless we agree they should, which means the bills get paid without any effort and without either one of us questioning where the money is going. This means we transfer money automatically each month to our savings accounts, retirement funds, and our mortgage (previously our house down payment fund).īy making sure money goes effortlessly where we need it to, we don't need to rehash these decisions over and over - and neither of us is responsible for paying the bills. But once we did, we automated the process to achieve our goals. It took more than one discussion to come up with a broad financial plan. We had these conversations before we got married and we re-evaluate once a year or if something big changes, like when we recently decided to have a baby. One reason we never fight about finances is because we took the time to get on the same page about the big stuff - like how much we need to save for retirement, what we need in emergency savings, and how much to spend on a house. We've come to a consensus on big goals - and automated the steps to achieve them Here are the steps we've taken to make sure we never get into fights about our money. If you find yourself in a position where you're having fights with your beloved about finances, perhaps some of our tricks could help you. More: Check out our best online checking accounts of 2022 Save: Click here to uncover a best-in-class savings account that can earn you 15x your bank
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