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Finances are a leading cause of discord and contention in relationships, and one of the top reasons married couples eventually turn to divorce lawyers. Dealing with challenging economic conditions, unexpected costs, and overhanging debt can be great sources of stress, resulting in arguments that drive spouses apart. To avoid this in your marriage, take steps that'll get you on the same financial page early on.

How to Keep Financial Troubles From Harming Your Marriage

1. Discuss Expectations Early

The best thing you can do is begin discussions about financial expectations before your wedding day. Providing each other with full disclosure about your income, debts, and spending habits can ward off many of the issues that cause couples to get divorced. This is also an excellent time to talk about having a prenuptial agreement, as it will allow you to go over all the financial details of your relationship.

2. Set Goals Together

divorce lawyerAs a couple, you likely have goals for your future. Whether this includes buying a house, having children, or paying off debt, you should sit down and decide what you hope to accomplish together. This will let you both know what you're working toward, helping you keep your finances on track. Having the same objectives will also strengthen your marriage.

3. Establish a Budget

Once the honeymoon is over and you begin to settle into your new roles, creating a budget should be high on your to-do list. Take inventory of your income, debts, and household expenses to determine how much you can afford to spend each month. This will also help show you where you may be overspending and where you can cut back. By budgeting together, you'll both have a say in financial decisions, making saving a team effort.

4. Maintain Open & Honest Communication

Frequently, money troubles arise because spouses aren't effectively communicating with one another. Even when you're working hard to stick to a financial plan, issues can still occur. If one partner goes over budget or is laid off from their job, it's essential to talk about it with the other partner so you can figure out how to handle it together. Hiding information will only make the situation worse.

 

If you need assistance drafting a prenuptial agreement, contact The Law Office and Mediation Center of Jeannine M. Talbot in Torrington, CT. Attorney Jeannine will carefully analyze your circumstances and make sure the terms are written in a manner that advocates for your future financial stability. As a practicing divorce lawyer with more than 20 years of experience, she has been entrusted to help countless clients successfully navigate sensitive matters. Call (860) 482-9004 to schedule a consultation, or visit her online to learn more about the legal services she provides.

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