How to Talk About Money in a Relationship
Love may make the world go 'round, but disagreements over money can of 10 couples report that money causes tension in their relationship. Money, love and happiness have a complicated relationship which was explored by a number of studies. This post summarizes the most interesting findings. The reality is that money is more important than love. But is that a bad thing? I' m not saying that money should be the objective of your relationship. Quite the.
Why Money Is More Important Than Love
Alas, letting your money problems go unspoken can sometimes break couples up, as a survey from Goldman Sachs-owned consumer finance company Marcus found: Financial secrets seem to be common across other surveys, as well. But dishonesty could have consequences: What money questions should you ask before getting married? While a lower percentage of people are married today compared to 50 years ago, according to data from Pew Research Centerthe relationship between marriage and money is getting stronger.
Plus, the vast majority of couples seem to trust their spouses to handle financial matters, with 9 in 10 people saying their partner is better at managing cash than they are. In other words, money is likely something that comes up among couples who are already fighting. Most people think their partner is better at managing money.
Chances are, for example, that bae will have an easier time coming to terms with your less-than-stellar credit score over a casual dinner than they will after you two have just been turned down for a mortgage.
If things are getting serious, pick a night when you and your partner are both in a good mood to put your money cards on the table. I was still living in a great deal of financial fear when I started my career.
I can honestly tell you that I was way too tight for no good reason. But we were both convinced that we were right and the other was being silly. And we each had to compromise.
- Why Money Is More Important Than Love
- Money and love: Are you “normal”? Here’s how most people handle financial hurdles in relationships.
- How to Talk About Money in a Relationship
We had to listen to each other. Really listen and hear what the other was thinking and understand what they were feeling. Then we had to actually implement the agreements we came up with. Agreement without action has no value.
Until we did that, we figuratively slugged it out. And as long as there is a basic structural fault in your financial foundation, you are walking on very thin ice. You are either being enabled or enabling. Either way, you are being unfair to each other because you are both stuck.
7 Reasons To Focus on Your Relationship With Money
Money symbolizes security and happiness. Take the time to listen to how your other half thinks and feels about money.
Come up with tangible and meaningful ways to improve your joint financial life over the short and long run. Then put those changes in place immediately.
If either of you are unable to do this, I strongly recommend that you seek counseling. There is a lot at stake when it comes to money and your relationship.
This is true no matter how much two people love each other. What has been your experience? Have you seen this issue come up in your own life or in the lives of others you are close to?