Articles from The Mediator
Spending Limits Help Couples?
The Wall Street Journal recently reported that couples who agree on spending limits reduceconflict about money. Under such rules, each partner can buy whatever they want without discussing it with the other, so long as the price is below an agreed dollar threshold.
While a spending limit may sound freeing to some and constraining to others, it makes money — a common source of conflict for couples — a bit more ‘talkable’ by clearly defining expectations.
The limit also gives each partner some autonomy within the shared finances of the family, as well as the comfort of knowing that big purchases by the other partner will be discussed beforehand.
The trick, of course, is finding a spending limit that feels reasonable to both partners. A good place to start is by reviewing the family budget and purchase history. And it may take some trial and error, with adjustments made along the way.