Relationship
How to deal with an overspending spouse
• Time to do some management
So how do you deal with a spouse who seems to blow money at the slightest whim? Be as gentle and as loving as possible, but assertive in your mission. Here are steps you can take to deal with an overspending spouse and improve your situation.
Changing your spouse’s spending habits may seem like jumping a giant hurdle, so it is best to take the process in baby steps. Follow the procedure below in order to minimise the stress of taking on this large and often intimidating task.
Approach your spouse lovingly
Do not begin by accusing your spouse of wrongdoing or by pointing out faults. Deserved or not, this sort of treatment will only drive a wedge between the two of you and make it harder to communicate. Instead, approach the subject in a loving manner.
For example, explain that you want to start monitoring spending habits as a couple, and then start a discussion from there. Another tactic is to discuss ways to save up for something really important like retirement. Drive home the point that you are a team in your financial efforts. Otherwise, your spouse may resort to lying about spending money to you.
Set up a budget
If you have yet to make a budget, take this opportunity to set one up together. Sign up for an account with Personal Capital. The tools they have will make it really simple to start having productive conversations about where the money is being spent. If you do have one, this may be a good time to revisit it and possibly revise it. Work together with your overspending spouse to figure out what your total income is and what all of your expenses are. If you can show your spouse that money spent on frivolous items is causing you to go into debt or preventing you from saving, you are on the right track. However, it’s ideal if through the creation (or revision) of your budget, your spouse can come to this conclusion without you having to point it out.
Decide on how to control spending
If you were able to get your spouse to see the error of his or her ways, that was at least half of the battle. Now, you need to help control the spending. One way to do this is by allowing both of you to only spend a certain amount of money each pay period. I recommend using the envelope budgeting system because it utilises cash to hold you accountable to staying on budget. Once you have spent your cash, you are out of money.
Set realistic goals
Once you have talked to your spouse, set up a budget, and decided on a method for controlling spending, it’s time to look at your long-term financial goals. You both need a reason for sticking to your budget and need something to work towards. Do you need to get out of debt? Make that your first goal. Do you need to save up an emergency fund or start working towards saving for retirement? Those are also very important goals.
Tip: While you create financial goals, it’s also a good idea to make goals to strengthen your marriage, such as planning frequent date nights.
Hold regular financial meetings
Reaching your goals will be a process, and if your spouse has a habit of overspending, it may take some time to break. Hold regular financial meetings to monitor and discuss your progress. You may find that some months you regress, but most likely, you will see an emerging trend of improving finances. Use this information and the meeting time as a chance to praise your spouse and encourage each other to keep working towards your collective goals.
To be continued…
Relationship
The role of employment status, wealth, geographical location in divorce
Several research findings have identified factors likely to account for divorce. These factors include (but are not limited to):
1. Employment Status and Income Levels of Individuals
Several research on the employment status of married individuals have identified how it influences marital stability. If the husband is employed, the likelihood of the marriage ending in divorce is low.
The is because, as the head, he would be in a better position to provide for the family’s needs, strengthening the family and increasing their standard of living (Lee, unpublished).
On the contrary, women who are employed are at risk of having a higher divorce rate, particularly when they find themselves in unhappy marriages.
This is because they can afford to be independent and cater for their children (Becker, Landes & Michael, 1977; Oppenheimer, 1997; Sayer & Bianchi, 2000). Moore’s (1994) argument also supports the fact that women’s divorce risks increase as they find themselves in highly time-demanding occupations outside the home. This is because they might be unable to devote ample time to their spouses and children.
Despite these findings, I know of a good number of women who are doing their best to maintain some balance between their married life and their work. I highly commend such women for their extra efforts on behalf of their families.
2. Wealth
Research shows that the individuals’ wealth status could either increase or decrease the probability of divorce. Some scholars (Kurderk, 1993 and Rootalu, 2010) indicated that when individuals are more affluent and wealthy, marriage stability is compromised because couples could easily afford the costs involved in the divorce process.
Others also suggest that individuals who are not wealthy (especially women) are at lower risk of divorce than more prosperous women (Ambert, 2002).
3. Geographical Location or Type of Residential Place
Geographic location and its characteristics could impact your marriage’s stability. Several studies on the location of residence have shown that married couples who live in urban communities are more likely to experience divorce than their rural counterparts (Adegoke, 2010; Adedokun, 1998).
According to Takyi (2001) and Moore (1994), urbanisation undermines African marriages.
Characteristics dominant in urban communities, such as the preference for conjugal union over the extended family and the increasing number of women in restrictive and time-consuming employment setups, have been argued to weaken the foundation of families and marriages.
This is because the conjugal family type does not allow for the involvement of other extended family members except for the immediate family (nuclear family). The immediate family is mainly made up of the married couple and their children; hence, there is less opportunity for the involvement of other members of the other family.
Indeed, it matters a lot how much your in-laws are involved in your marriage (in a healthy way, without much interference).
Modernisation in Africa is destroying the benefits that could have been derived from couples’ healthy relationships with the extended family.
Oppong (1992) supported this argument that African modernisation has led to the type of urbanisation, encouraging wide separation from extended families. Unfortunately, urbanisation supports an individualistic living arrangement (devoid of considerations for other families).
It is not surprising that a good number of researchers confirm that urban divorce rates exceed rural areas’ rates.
To be continued …
Source: Excerpts from “PREPARING FOR A HAPPY AND FULFILLING MARRIAGE: Everything You Need to Know Before You Say ‘I Do’” Book by REV. COUNSELOR PRINCE OFFEI (Psychotherapist, Lecturer, and Marriage Therapist). ORDER BOOK NOW: https://selar.co/preparing-for-a-happy-and-fulfilling-marriage
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COUNSELOR PRINCE & ASSOCIATES CONSULT (CPAC COUNSELLOR TRAINING INSTITUTE)
Relationship
When the tides change (Pt. 2)
Psst! Psst! Lean in closer… closer! Now listen, silence is golden, or so they say.
But when the Tale Bearer arrives with news from yonder, that golden silence suddenly turns into a shiny distraction you cannot ignore. So here I am, bearing tales from the gods, hot, fresh and ready for your ears!
Have you heard? Wonder Boy’s new status has him soaking wet like a sponge at a waterpark. And, oh boy, is he loving it! Ehem! Now, he is serenading us with a tune that has gotten us laughing and jeering mockingly ‘Johnny Just Come’, Johnny just come. Hehehe!
Who knew the rulers of the mighty kingdom of Umofia are living it up like royalty, while the rest of us are out here playing catch-up with life? Ah, life, the greatest comedian, always leaving us laughing, but with tears in our eyes.
Come to think of it, Umofians, the gods are clearly watching over us and this is their way of saying ‘wake up, Umofians! ‘He who does not see the clouds cannot predict the rain’. Well the clouds are gathering, pay ye heed.
Now, tell me, if our rulers have managed to build themselves a palace in the sky, should we, the children of Umofia, not ask for our fair share of the clouds? Should we not demand our own seat among the stars? Who knows, perhaps soon we shall all be sipping palm wine under the shade, enjoying the breeze together as equals.
Honourable Wonder Boy, if you think you are too small to make a difference, try spending the night with a mosquito. We the Umofians gave you a seat at the table of the rulers to speak on our behalf because we believe in you.
A word to the wise is enough, now show us you are not just another ‘Johnny Just Come, but the one who can stir the pot and serve justice hot! This is your moment, do not let it pass you by!
Tell your people that Umofians gave them the power, they should remember; power is like salt—use it too much, and it will spoil the whole food. Tell them oo, the people can snatch the power back quicker than a hare can outrun a tortoise.
Ah well! My elders always say, “Home affairs are best kept behind closed doors, not shouted from the public square.” So, I shall take my leave now before I turn into the village crier.
Until next time, keep your ears open.
With Eyram, the Tale bearer.
