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Entries in Couples (2)

Thursday
Aug232012

Survey: Money Number One Cause of Conflict for Young Couples

Wavebreak Media/Thinkstock(NEW YORK) -- Money can’t buy happiness, but the lack of it can cause conflict for young couples, whether they’re engaged, just married or expecting a child. 

A survey commissioned by Chase Card Services and XO Group Inc., the company behind TheKnot.com, TheNest.com and TheBump.com, finds money is the root of all arguments at every stage of a young couple’s life together.

Key findings related to engaged couples:

-- 55 percent of engaged couples argue over whether their wedding is the best way to spend the money they have.

-- Of those who fight about money and finances, 49 percent do so because they don't have the budget to have the wedding they want.  As a result, every planning detail becomes stressful to them.

-- 22 percent of engaged couples fought because their parents were giving them money for the wedding and then thought that gave them the right to help plan, too.

Key findings related to married couples:


-- Three out of four married couples clash over money and expenses, and 45 percent do so because they want nice things but don't have the budget for them, and 41 percent disagree on where to spend their money.

-- Among couples who argue about expenses, 30 percent of wives say they are more frugal than their partners.

-- Of the 34 percent of couples who disagree about when to start a family, approximately one-third say they’re not sure if they're ready for the responsibility of raising kids.

Key findings related to pregnant couples:


-- When it comes to planning for a baby, 58 percent of expecting respondents said they didn't wait until they were financially secure to get pregnant.

-- Of those who are currently expecting, three out of four wish they were more financially secure at this point in their pregnancy. Ten percent think they aren't financially prepared at all for the cost of their approaching child.

-- 35 percent of pregnant couples argue about whether they can afford their baby, with 68 percent of these couples unsure if their current income is enough.

-- Twenty-two percent of expecting couples wish they had a little more time to themselves before they have children.

-- Being able to afford children and giving them the life they deserve is the number one worry of couples having a baby.

The survey involved more than 2,100 engaged, married or pregnant women.

Copyright 2012 ABC News Radio

Thursday
Apr282011

Avoid the Headache: Discuss Finances with Your Partner

Comstock/Thinkstock(NEW YORK) -- Managing your money can be a tall order for couples, especially when they disagree on spending priorities.

Couples who talk about family finances are far less likely to have misunderstandings.

Personal finance experts Melissa and Daniel Garcia say a useful tip is to set "aside a specific time of the month that you sit down and talk to your spouse."

"Write down what your goals are for the budget.  What your dreams are," Daniel Garcia says.

"It only takes 10 or 15 minutes to talk about that week's finances, what's coming up, what bills need to be paid," says Melissa Garcia.

And to get the most out of your talks, make sure to be honest about how you handle money.

"You need to find out not just your strengths but also your weaknesses," she says.

Copyright 2011 ABC News Radio







ABC News Radio