Written financial agreement can ease money, marital tension

Written financial agreement can ease money, marital tension

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Certified Financial Planner John Fawaz noted Tuesday on Good Morning Tennessee that the average time spouses talk about any topic every day was just five minutes. Certified Financial Planner John Fawaz noted Tuesday on Good Morning Tennessee that the average time spouses talk about any topic every day was just five minutes.

KNOXVILLE (WATE) - Money is a frequent cause of tension in a marriage. More money troubles can often lead to more arguing and that leads to spending less time together.

The opposite is also true. Couples with fewer money troubles have a sense of security and well-being. They argue less.

Certified Financial Planner John Fawaz noted Tuesday on Good Morning Tennessee that the average time spouses talk about any topic every day was just five minutes.

Just as any communication can open the doors to compromise and understanding, talking about money directly and openly keeps a marriage healthy.

Fawaz suggests that couples take time to understand what kind of person you or your spouse is. Are you a saver or a spender? Take steps accordingly and work on finding ways to adjust to the differences in each other.

It shouldn't be a surprise that in order for money and marriage to work, there should be agreements and systems in place.

A written financial agreement can clarify intentions, responsibilities and expectations.

Fawaz says that though few couples take time to write down a financial plan and agreement, it is a big step to saving time and arguments later.

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