Do You Want a Financially Happy Marriage?
To truly understand the difference between needs and wants, couples can practice delayed gratification and live below their means.
In his article for “The State of Our Unions,” W. Bradford Wilcox coined the reason for thrifty couples’ contentment as the “silver lining” of the recession. The age of instant gratification accumulated a multi-billion dollar debt, thanks to credit cards making nearly every want available instantaneously.
Now, in the aftermath of the economic recession, more and more couples are rethinking and minimizing their expenditures. They are placing more value on experiences—nourishing their future by building assets instead of satisfying present whims. Couples are paying down debt, setting aside their credit cards for emergency purposes, and saving their money in any way they can, from growing their own food, refashioning old clothing into new attire, cooking at home instead of eating out, trading goods with their neighbors, couponing, and carpooling.
Families that are limiting the amount of money they spend on things they do not need are keeping that “silver lining” in sight, while enjoying a financially happy marriage.
Do you have a financially happy marriage? If not, does this article inspire you to make some changes?