Is dating or your relationship keeping you in debt?
Frequent dates, weekend getaways, birthday, holiday and just because gifts. Ran out of body wash and have to run to Target?...Oh, there goes the new issue of Men's or Women’s Health Magazine that you should pick up for “Babe”! If you're in a relationship, you're probably wondering how you're spending more money now than when you were single. Having a significant other is supposed to be about having someone to finally split the cost of everything with right? Especially if you're living together! Not necessarily...
For women, splurging on gifts of sentiment is the norm, (Especially when happy in their relationships), because we know how it feels to receive them. Besides the happy euphoric moments in the relationship, there are moments of distress or arguments, and if you’re a shopaholic then retail therapy is your go-to method of relief. This however causes unplanned spending and possible maneuvering of the budget.
For men, with traditional gender roles becoming taboo, the alpha male may find himself competing to “stay on top” and making sure their partners are kept happy in various ways. He may find himself purchasing more sporting event or concert tickets or working harder to regularly buy those high priced items as holiday or “I’m sorry” gifts. The pressure may also be on because he knows that social media will more than likely be seeing all that he does for “Babe”.
Married couples generally have individual accounts for each spouse as well as a joint account for shared expenses such as rent/mortgage, utilities, car notes, day care expenses (if you have children), insurance, and the vacation fund. But how much is actually set aside for leisure/date night? Does the budget accommodate these random expenses? To continue reading...click here