When was the last time you and your spouse fought about money? Studies have shown that such arguments are the most frequent sources of couples’ disagreements, says the American Pyschological Association.
One study has even shown that couples’ arguments about money tend to be more intense and problematic and – worse still – more likely to remain unresolved.
That’s why in this Money Issue, we asked the experts for advice on all the factors you should consider before you take on that big financial commitment, be it having another child, quitting your job to be a stay-at-home parent, or upgrading to a bigger home. Turn to page 40 for their advice.
We also delve into the topic of money habits for kids. What happens when a parent’s well-meaning decisions cause her son to spiral into debt – at the tender age of seven? This hilarious account by a mummy (page 46) has a sobering message behind it that I hope you can use in your life, too.
Don’t forget to take a look at our staycay feature this month, where we review a themed family suite that costs $1,400 a night, before taxes. Is it really worth the splurge? Our verdict is on page 70.