Here are just a few ways that frugality can play a part in creating a happier and more harmonious marriage.
1. Like-Mindedness: Perceptions about how one’s partner handles money have been shown to play a large part in marital satisfaction. That is, if you feel that your partner has the same values and priorities surrounding money as you do then you are more likely to feel happy in your marriage. On the flip side, when individuals feel that their spouse does not handle money well, they report lower levels of marital happiness.... In fact, in one study, feeling that one’s spouse spent money foolishly increased the likelihood of divorce 45 percent for both men and women.
2. Increased Communication: Creating and sticking to a budget requires a lot of communication and transparency.... which isn't easy! In fact, a study by Wells Fargo found that many people consider money a tougher topic to discuss than even politics or religion. Frugality increases the chance that couples will be more open with one another about their spending habits and pitfalls.
3. Less Debt=Less Stress: This one's kind of a no-brainer!
4. Increased Contentment: Frugality forces a couple to jump off that hedonic treadmill of always needing more. The temptation of "keeping up with the
I'll be sharing a bit about how we try to be frugal in the coming weeks but in the meantime I'm curious- what are strategies that you have for pinching pennies?