How Frugality Can Improve Your Marriage

Friday, May 15, 2015

It's obvious that being frugal is beneficial for your pocketbook, but did you know that it can also improve your marriage? Researcher Jeffrey Dew refers to debt as the "equal-opportunity marriage destroyer." He explains that consumer debt plays a powerful role in eroding marital stability and lowering marital satisfaction.



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 Jayneses Joneses" is a tough one to resist, but frugality forces a couple to think about what's truly important and be content with what they already have.
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?

3 comments

  1. Frugality - and overall simplifying your life. We are learning this lesson in our marriage now, and what a difference it makes! Some of the best moments are merely the simplest.

    Jen
    www.lifeunrefined.com

    ReplyDelete
    Replies
    1. Jen, it's so true! Some of my most treasured memories from our marriage were the simplest things to do. Thanks for stopping by!

      Delete
  2. Cheapness - and general rearranging your life. Marriage is one of the important part of our life. So, every one want to get marriage with right person.
    cotton tunic

    ReplyDelete