Money management: Five steps to improve it in your marriage

2. Develop a cash-flow plan

Photo illustration/Gregory Byerline/Design Pics/Newscom/File
A cash-flow plan can help couples avoid fights over money by allowing partners to decide in advance how much to allocate to savings and how much to discretionary spending.

Take an inventory of how much money is coming in each month and what the anticipated expenditures are. There needs to be something allocated to savings each month to keep the penny pincher happy and there should also be an allocation to discretionary spending to keep the spend-a-holic happy. A cash-flow plan will help you work out that compromise in advance.

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