- Budgeting
- Cash Management
- Consumer and Mortgage Loans
- Debt and Debt Reduction
- Time Value of Money 1: Present and Future Value
- Time Value of Money 2: Inflation, Real Returns, Annuities, and Amortized Loans
- Insurance 1: Basics
- Insurance 2: Life Insurance
- Insurance 3: Health, Long-term Care, and Disability Insurance
- Insurance 4: Auto, Homeowners, and Liability Insurance
- The Home Decision
- The Auto Decision
- Family 1: Money and Marriage
- Family 2: Teaching Children Financial Responsibility
- Family 3: Financing Children’s Education and Missions
- Investments A: Key Lessons of Investing
- Investments B: Key Lessons of Investing
Understand Why Money May be an Issue in Marriage
Elder James E. Faust commented: “Money itself seems neither to make a couple happy, nor the lack of it, necessarily, to make them unhappy, but money is often a symbol of selfishness.” (James E. Faust, “The Enriching of Marriage,” Ensign, Nov. 1977, 9.) To minimize money problems in marriage, we should recognize potential problem areas in marriage and understand how to eliminate them.
In a recent survey conducted by Worth magazine, couples admitted to fighting about money more than anything else. A staggering 57 percent of those surveyed agreed with the statement, “In every marriage, money eventually becomes the most important concern.” (Eric Tyson, Personal Finance for Dummies, IDG Books Worldwide, 2000. p. 10)
The following are a few possible financial problem areas in marriage and what we can do to eliminate or minimize the impact of these problems.