LOVE and MARRIAGE

<b>LOVE and MARRIAGE</b>
Get your wisdom to survive and thrive in your marriage.

Tuesday, May 9, 2023

Spending Money In A Marriage

A healthy marriage requires money wisdom. Your money wisdom is to spend what’s left after your saving. If you don’t have anything left, then why do you spend on the things you don’t really need with the money you don’t have?

Basically, your spending habits have much to do with your own money values. So, rethink your own money values: what does money really mean to you?

Also, ask yourself some questions about any “big spending” you may have on your mind, such as the following:

Buying a “big” house

Do you really need a big house?

Why do you want to buy a 4-bedroom house, instead of one with 3 bedrooms?

Can you buy one later instead of right now?

Planning a “big” wedding

Do you want to spend “big money” on your engagement ring, your wedding dress, and your wedding reception?

The reality is that an expensive wedding doesn’t guarantee a happy marriage, except a heavy debt if you don’t have the cash.

Warren Buffett once said with humor that he bought “expensive” suits, but they looked pretty “cheap” on him.

Do you buy an expensive dress to make you look “expensive”? So, don’t try to “look” rich, but to “get” rich by spending your money wisely.

The reality

Yes, money does matter in a marriage. If money really matters to you, then capitalize on the skills you already have acquired, enhance and improve them, and look for better and richer employment. In addition, there’re most likely many other skills you may already possess that can’t be or haven’t been fully maximized or utilized where you’re currently working. Then, harness those skills and capitalize on them through doing some freelance work on the side to maximize your current income.

But money is also the No.1 cause of divorce in married couples. The explanation is that earning money, saving money, and spending money involve many human conflicts, disagreements, priorities. Worse, money often leads to an inflated ego and the sin of pride—both lack accountability to maintaining and sustaining a happy marriage.

Letting Go

“Letting go” literally means releasing your close or tight fist to abandon or give up something that you’re holding in your hand. If you are close- or tight-fisted, you also cannot receive anything without opening your hand.

“Letting go” is detaching. The opposite of “letting go” is “attaching to” something that you’re stubbornly holding on to.

It’s letting go, and not attaching to, that makes you strong, because it overcomes the fear of the unknown and the unpredictable. Let go of yesterday to live in today as if everything is a miracle; let go of the world to have the universe.

So, let go of your attachment to money, or anything that you’ve attached a price tag.

Stephen Lau

Copyright© by Stephen Lau

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