Relationship experts say that many marital arguments are about money, as very often it can be difficult for two people to agree on financial matters. Frustration, distrust, secrecy and fear are some of the negative money emotions and behaviors that can wreck a wonderful union.

Let’s look at some ways in which you can organize your joint finances to strengthen your marriage instead of causing matrimonial strife.

1. Make budgeting a habit

A budget is like exercising – we all know we should but it’s all too easy to push it aside! Prepare a household budget to determine all your money requirements and to allocate your income appropriately. Create the habit of budgeting every month and commit to your spending plan.

2. Share money tasks

Managing shared finances can sometimes be challenging, especially if you have different money styles. Be realistic about your strengths and shortcomings in deciding who should be responsible for getting the bills paid, balancing the Cheque book and keeping records.

3. Handle different income levels

One major source of discontent can arise when couples have vastly different salary amounts. The lower-income earner may expect the wealthier spouse to pay for all the bills without offering to contribute. Have a frank discussion to outline your expectations around sharing of costs.

4. Agree on personal funds

Some couples choose to share joint expenses, but allow each party to cover personal needs. Others decide to pool all their earnings and pay for their individual needs from one account. Ensure that you create a method of dealing with personal spending that works for you both.

5. Set joint goals

What do you want to achieve next year, in five years, in 10 years, and during retirement? Do you want to buy a home, prepare for children or travel the world? Goal setting is a great way to bond even closer; so sit down, dream together and create an action plan to attain your goals.