Six ways couples can effectively manage finances (Punch)

Apart from infidelity, perennial difficulty in having a child, dismal sexual experience, poor communication, abuse, unrealised expectations (frustration), incompatibility and strange habits, financial concern is one other important factor that causes problems in many homes.

In some customary courts across the country, there have been instances where marriages have been dissolved, for peace to reign, owing to couples’ inability to manage their finances.

In some homes, the lack or insufficiency of it could be an issue, while in some other instances, the money is available but couples still find it difficult to find a middle ground for there to be peace.

Also, with inflation rate at about 11 per cent, amounting to a drop in the purchasing power of the currency and impliedly, more money chasing few goods, it seems understandable that finance may be an issue in many homes. Thus, it seems helpful to see how couples could eliminate or reduce the issues that emanate as a result of finances in their homes.

Both should strive to enlarge their income: In this part of the world, a man is saddled with the responsibility of providing for his family, while the wife is only expected to support. However, due to the economic situation and some other factors, there are instances where women now play a part in providing for the needs of the family. Thus, to address the issues traceable to finances, a professor of psychology, Toba Elegbeleye, says the couple should make efforts to increase their income. He said with more money at their disposal, some of such issues would be eliminated. Read more

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