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The
art of compromise
Of course, sometimes both parties can't get exactly what they want
when they want it. Those circumstances also call for compromises,
but in a different form. Rather than buy the house with both the
workshop and the elaborate pink nursery, a couple might defer one
party's desires on the condition they'll be satisfied as soon as
possible.
"The overlying issue is that you never have
enough money, so you've got to make choices, and that's where the
rub comes in," says Nowka, the CFP. "Maybe this year we get the
WaveRunner and next year we get the diamond bracelet."
The bottom line? Both newlyweds and long-time
couples should understand that people enter into marriages with
hang-ups, wants and needs. That makes communication and teamwork
essential for any pair contemplating 30 years of mortgage debt or
a $20,000 world tour bill.
"It's about the decision-making process and
how they go about making those decisions that's important," Peck
says. "They need to sit together to decide what the goal is -- what
the joint goal is -- and then figure out their strategy on how to
get there."
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