Lack of communication
According to the user, this couple doesn’t have an extra $2,000 to spend on extravagant gifts for friends. Spending that much on a friend just doesn’t feel necessary to him.
“She is marrying a doctor and they already have a house whereas we are still renting,” the user wrote.
A 2023 consumer survey by Bread Financial found that 64% of couples admit to experiencing financial incompatibility with their partners. The findings also suggest those who talk about money more may have more frequent arguments over finances — much like this Reddit user and his wife.
As financial advisor Rick Kahler highlighted in an interview with Forbes, “Many couples can’t talk about money in a functional and helpful way. Each partner's emotions, stories and histories get in the way. Over 80% of all financial decisions are made emotionally."
Though the Reddit user didn’t elaborate on their approach to financial conversations, it’s clear they disagreed on how to use his bonus. Whether he’d rather save for a future home or reduce debt, the lack of open communication and alignment has led to the tension they’re now facing.
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Read MoreFinding common ground
The couple’s struggle to communicate about financial priorities came to a head when tension rose over the husband’s spending habits. The user shared that while he enjoys spending on his hobbies and two cars, he believes he’s earned the right to make those choices. His wife, however, has a different view.
“She insists we sit down and tally up everything I spent on myself in the last year and if it’s higher than $2K I should pay for the necklace,” he said.
Their diverging perspectives highlight the importance of a shared budget. Instead of seeing a budget as a restriction or a way to track each other’s expenses, they could focus on aligning their goals and working as a team. And like many users in the comments pointed out, it seems like there’s some miscommunication in the couple's approach to finances.
“It sounds like your current financial setup isn’t overly “fair.” Different things work for different couples, but it doesn’t sound like this is really working any more,” u/Jemma_2 wrote.
Building a budget that works
A budget could help them save for mutual priorities — whether it’s a vacation or an emergency fund, fostering a sense of shared purpose. But many couples don’t see it this way. Approximately 40% of Americans have never had a budget, according to a CFP Board survey.
While it may seem limiting, there are several different approaches to budgeting. One popular method is the 50/30/20 rule, where 50% of your take-home pay covers essentials, 30% goes toward “wants” and 20% to savings and/or debt repayment.
Another option is the envelope method where spending categories are given specific monthly caps. For example, setting aside $500 a month to spend on groceries. Once the envelope is empty, spending in that category stops for the month, helping the couple become more mindful of non-essential spending.
By finding a budget that works for both people, the couple can work towards shared goals and create a more balanced financial relationship.
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