There are some day-day financial mistakes couples make that keeps them unbalance. There is nothing as interesting as financial harmony. It makes you deal with issues regarding money amicably. Also, it makes your home void of debt. Many couples are lavish and foolish spenders. They channel their income on things they don’t need and end up nagging after a while. Do a quick research on why couples have issues, you will get enough responses on Money related issues.

Below are 5 financial mistakes couples make and tips on how to avoid making such mistakes.

1. Living Far above their means
Couples do things that don’t really add up. For instance, you are making 100k in a month and you are in a rented apartment where you pay like 60k monthly. That alone is already making you bin debt, except you have other means. They go for houses, cars, clothes, gadgets that are way above their income. There is actually no big deal in living large, but do so when you are making more than 4times your income. You could get nice things that are not way overboard and still be comfortable. Couples try to compete with others, try to live up to standard till they go bankrupt.

2. Saying No to savings
They are so relaxed and believe in spending as it comes. They never see the need to save for rainy days. Even if your source of income is overflowing and from different sources, there is a need to save parts of it. No matter how little, it is just necessary to have a backup. There is no big deal in opening a joint account where you save something either weekly or monthly. Many couples go broke because they have nothing left in their reservoir. When you cultivate the habit of saving, it automatically becomes a part of you.

3. One Source of income
Many couples take risks when it come to their source of income. They depend solely on one source. As much as possible, even if you have an office job, you could involve in other businesses outside your job. This business is not necessarily handled by you. It could be a mart, boutique, taxi and so on. At least, you are sure there is something coming back to you at the end of the day or week. Ask yourself a sincere question ‘what am I going to do if I get laid off from work today’’.

4. No future Goal
Continue reading more here: http://aftrending.com/1620-2/