Money Management in Marriage: Tips For a Healthier Marriage


Managing finances is never easy, and when it comes to managing money in your marriage, things can get even more complicated.

As a couple, it’s important to work together to create a plan that works for both of you, and to communicate openly and honestly about your finances.

However, this is easier said than done. Many couples struggle with money management and it can cause stress, arguments, and even lead to separation. In this blog post, we’ll explore some tips for managing money in marriage, and how couples therapy can help you navigate this tricky area.

Contact us today for a free 15 minute phone consultation. We offer in-person couples therapy in Murrieta CA, in-person marriage counseling in Riverside CA, and online couples counseling in California.

Set a budget and stick to it

Nothing ruins the mood like a surprise overdraft fee. Set a budget for your household expenses and stick to it. Use an app or spreadsheet to keep track of your spending, and make sure to communicate regularly about any changes to the budget. If you and your partner have agreed to a budget, it’s important to also hold each other accountable. If one of you overspends, the other can gently remind them of the budget and suggest ways to cut back in other areas.

Example: “Hey honey, can we talk about the budget when you have some time? I really want to buy this new gaming console, but I don’t want to dip into our savings. Can we figure out a way to make it work or create a plan to save up for it?”

Create joint accounts for shared expenses

When it comes to shared expenses like rent or groceries, consider opening a joint account that you both contribute to. This can make it easier to keep track of who owes what, and avoid any misunderstandings.

Example: “I just added my half of rent to our joint account. Can you add yours at some point today?”

Be honest about your spending habits

Honesty is the foundation of any good relationship, and that includes when it comes to money. Be open about your spending habits and any debt you might have, and work together to come up with a plan to tackle it.

Example: “Listen, I know I went over budget on some new clothes for myself, but I promise I’ll make up for it by cutting back on other expenses this month. The clothes I got make me feel really good about myself, can I show you what I got?”

Be transparent about finances

Be honest with each other about your financial situation, including debts, income, and spending habits. This will help you avoid surprises and build trust.

Example: “I have $10,000 in student loan debt, and I’m paying $300 per month towards it. I just wanted to be transparent with you about my financial situation.”

Establish individual spending allowances

It’s important for each person in the relationship to have a certain amount of money to spend as they please. This can help avoid feelings of resentment or control.

Example: “I think we should each have $100 per month to spend on whatever we want, no questions asked.”

Celebrate your financial successes

Saving money and paying off debt can be a long and difficult process, but it’s important to celebrate your successes along the way. Whether it’s a nice dinner out or a weekend getaway, take the time to acknowledge your hard work.

Example: “We really did it! We paid off our credit card debt! We should go celebrate and do something fun together.”

Check in regularly

Set aside time each month to check in with each other about your finances. Use this time to review your budget, assess your progress towards your financial goals, and discuss any changes that need to be made.

Example: “I’m really excited for our monthly meeting! Would you like to go out for a date night afterwards?”

Consider couples therapy

Money can be a major source of stress in any relationship, and there will be times when you disagree about finances. Couples therapy can help in a number of ways. First, it provides a safe and neutral space for both partners to express their concerns and feelings about finances. This can be incredibly helpful, especially if one partner is more anxious or stressed about money than the other. A couples therapist can help both partners work through their emotions and come up with a plan that works for both of them.

Second, a couples therapist can help couples learn how to communicate more effectively about money. This includes learning how to listen actively, express needs and wants clearly, and work together to find solutions to financial problems. By improving communication, couples can reduce misunderstandings or arguments, and create a stronger financial partnership.

One of the most common issues that couples face when it comes to money management is a power struggle. One partner may feel like they should be in control of the finances, while the other feels left out of the decision-making process. This can lead to resentment, anger, and ultimately, a breakdown in the relationship.

Couples therapy can help both partners understand each other's perspective and work towards a more equal and balanced financial partnership. This may involve creating a joint account, where both partners have equal control over the finances, or it may mean dividing financial responsibilities based on each partner's strengths and preferences.

In addition to helping couples work through disagreements and power struggles, couples therapy can also help couples plan for their financial future. A therapist can help couples identify their individual goals and shared financial goals and create a plan for achieving them. This may involve setting up a savings plan, investing in the stock market, or creating a retirement plan.

Managing money in marriage can be challenging, but with open and honest communication, a commitment to mutual respect, and a willingness to work together, couples can create a strong and healthy financial partnership that supports their long-term happiness and success. And if you do hit a roadblock along the way, don't be afraid to seek out the help of a couples therapist. With their guidance and support, you and your partner can work through any financial challenges that come your way, and emerge even stronger as a couple.


At Inland Empire Couples Counseling we offer the best marriage counseling we can! Our couples therapists are trained in helping couples heal from infidelity, substance use in relationships, childhood trauma, communication skills, as well as providing the LGBTQIA+ community with pride counseling. We have online couples counseling in California. We have couples therapy in Riverside, CA. We also have marriage counseling in Murrieta CA or the Temecula Valley. Please reach out for help by clicking the button below to schedule a free 15 minute consultation with our Intake Coordinator.

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