Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


How to stop fighting over money

22 January 2016, 08:10

Oh good heavens help us, but can this month end already? Like a friend said the other day: January really is the Monday of the year. Especially financially. Seriously, how long until payday? We are all so very, very broke.

Which brings me to my point this week – did you know that money is regarded as one of the main things couples fight about?

Okay, I’m sorry, of course you knew that. If you haven’t experienced it yourself, you’ve watched other couples fight about it or read about it in one of the million articles or books written on the subject.

I’ve always found the way other couples manage their money fascinating. It’s amazing how much insight you can get into a relationship based on this knowledge alone. And while it’s not fair and sometimes very far from accurate, I do judge the health and stability and longevity of a relationship according to its financial arrangements.

Case in point – I heard about a couple the other day who has a major earning discrepancy. He’s an investment banker and she’s a public school teacher. Which means he earns at least ten times more than she does. And yet, despite this, he expects her to contribute half towards everything. (Except their mortgage – she can’t afford half, but still contributes more than 70% of her salary to it).

So when she can’t find the money for the expensive ski holiday he wants to go on, it means she stays at home with the children and he goes with his friends. She is constantly in debt, while he saves happily for his future… And without wanting to sound cynical here, but I’m guessing it’s a future that probably won’t include her.  

That said, I know of many couples who keep their finances completely separate and are perfectly happy about it. Because a joint bank account does not necessarily a happy union make.

Rather, you have to accept that people have different approaches to money and factor this into your planning. And planning is the operative word here. Because, as always, when it comes to money, planning is key.

Here are a few main points to encourage financial harmony:

•    Be open about your expectations and honest about your limitations. If one of you has a dream the other would never be able to afford, this needs to be discussed and a compromise must be made.

•    Understand that money often carries an emotional aspect with it. Some people only feel safe when they have a solid nest egg. Others feel the need to spend in order to feel validated. Are you a spender or a saver? And why? Talk about your money personalities and see how you can help and complement each other.

•    Budget together. If only one of you handles the bills, of course arguments will arise. It’s very easy to lose track of payments if you’re not very much involved in the day to day management and have a solid idea about the monthly expenditures. So you’re much more likely to buy a new sound system or handbag on a whim if you’re unaware that the car needs to be serviced at the end of the month.

•    Save together for things you’d like to do together. Not only will this be something to look forward to (for both of you) but it’s super rewarding to enjoy something you’ve worked towards. Especially together.

•    Ask for help. If your money personalities are too different to reconcile, and if the fights are getting out of hand, get a financial planner to help set the rules you both have to stick to. Outside help will make you feel less defensive and a non-partial adviser can easily spot gaps that you might overlook.

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!

- Woman24


What causes cellulite?

21 October 2016, 13:23

Read more from our Users

Submitted by
Wilon Ochieng
Labour Party to dump both Jubilee...

The Labour Party of Kenya is likely to avoid supportoing both the CORD and Jubilee factions during the 2017 General Elections. Read more...

Submitted by
William Korir
Ukambani MP quits Jubilee, to run...

An Ukambani MP has quit the Jubilee Party, citing voter apathy as his reason behind leaving the ruling coalition. Read more...

Submitted by
Victor Tinto
Government launches probe into Po...

The government has launched an inquiry into the circumstances that could have led to two National Police Service helicopter accidents in August and September this year. Read more...

Submitted by
Wilwon Ochieng
Deputy Governor's ally found with...

The EACC has recovered KES 2 million in fake currency from a close ally of Deputy Governor for Tharaka Nithi Eliud Mati. Read more...

Submitted by
William Korir
Mudavadi given permission to join...

Musalia Mudavadi has been ghranted permission by his party to join the CORD Coalition. Read more...

Submitted by
Victor Tinto
EACC officers raid Deputy Governo...

EACC officers raided the home of a Deputy Governor as theft case continues in court. Read more...