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Friday, 03 September 2010 @ 10:54 PM ICT

Can your Relation Survive a Money Crisis

TipsNothing puts pressure on a relationship like money problems – it's one of the main reasons why people split-up or get divorced. So in these tough times of global financial problems, you have to take action to preserve your finances as well as your love.

It's important to resolve problems and make financial decisions together. You don't want one person deciding how to spend and invest for you both – it's a huge responsibility.

This never been as important as it is now. Strain is put on a relationship when there is not enough money to make ends meet. Be honest and put your heads together to work out the best way to confront your financial problems.

Get as much free information as you can. If you know someone who manages money well, ask them to be your financial mentor and pick their brain. If you want to keep your finances private, look for someone outside the family. You don't have to follow their advice – you and your partner can decide together if it works for you.

Your relationship will be strengthened when you work out a routine for handling your money and solve any financial problems. Start by doing a family budget together. Calculate your income, family benefits and any money from other sources.

Then get your bills and receipts and try to work out how much the whole family is spending each month. Your budget will show you and your partner where your money is going, how much is left over at the end of the month and where you can cut back.

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