The Trouble With Paying Bills on Time
7. The Designated Money Manager Doesn't Pay Bills on Time
Why you fight: Obviously, the person who is failing to meet the financial obligations of the household is putting the family in financial danger (poor credit ratings, expensive late fees, or even foreclosure on a home). On the other hand, that person may feel overwhelmed and resentful at having to bear the financial responsibility.
How to stop: Set a date each month to sit down and sort through all the bills together. Take this time to discuss the overall state of your finances and solve issues as they come up. This way, one person won't feel like he or she is shouldering all of the burden.
The bottom line: Look for practical ways to lessen the burden on the money manager, like signing up for automatic online bill payments. Or shift the responsibility to the other partner for a few months to see if that works better. The key is not to place blame, but to try to find a solution together.
8. One of You Borrows Money From Family -- Without the Other Knowing
Why you fight: Borrowing money from a family member is always fraught with complications, and when in-laws are involved, the stakes are doubled. Those proverbial apron strings become reinforced with steel once you accept a loan. And, sooner or later, your partner is going to notice that you're making a monthly payment to Mom.
How to stop: This argument comes down to trust. You want to discuss not just the fact that money was lent, but that the decision was made in isolation. Your partner should always be your first stop when it comes to solving financial problems.
The bottom line: If you're strapped and your parents can or want to lend you some cash, talk to your partner before taking that check to the bank. If he or she objects, talk about what alternative options might be feasible.
Originally published on LearnVest.com; republished with permission.
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