Relationships become very stressful because of finances. It is more stressful now that there is a fantastic Recession. Studies have shown that couples who argue about their financial situation end up splitting up very often. Relationships can be hurt by money. After finances are talked about and planned, a marriage can helped quite a bit. The problem is that couples do not want to talk about money, and that eventually gets them into trouble.
Finances subject avoided
A recent American Express Spending & Saving Tracker shows in a survey that 91 percent of Americans do not want to even talk about money considering one third of all couples have money as one of the most stress in their relationships. Ruth Mantell at the Wall Street Journal reports that when it comes to finance and marriage, the survey said people are more likely to know their partner’s weight than their salary. Couples now are talking about money more since financial strategy has become so much more important.
Financial strategy is something that helps all relationships
It makes sense that most couples don’t want to talk about their finances. 45 percent of arguments began by a simple conversation on finances as outlined by the American Express Survey. Relationship advice from Emma Johnson at Forbes suggests turning the tables and using financial strategy to improve a relationship. Saving, spending, earning interest or even personal finance are areas where couples can bond.
Individuals fight with rough times
It is really hard to bond over personal finance. A survey of 1,000 Americans was done by StrategyOne that showed 77 percent changing their life because of the Recession. More Americans are getting angry easier, getting depressed, and screaming and yelling more often. The recession is causing people to delay getting married, having kids or retiring.
Starting the money topic
StrategyOne also shows individuals avoiding divorce for finance purposes. Maybe then, couples will talk about their finances finally. Five money tips were given to couples by Mantell’s article. Talking is the first suggestion. Changes are easier when these couples are working together. Couples have to fess up to each other about their spending and their assets. Look for a new job out of all of this, and maybe you need to cancel some vacations.
Team playing with finances
Whether or not a couple has lost a job, most couples fight about arguments still. When a couple works together with finances, the Johnson Forbes article suggests, their relationship gets stronger. If the couple knows about each other’s spending habits, the relationship could get stronger. Communication will get better if money tasks are separate. Maybe couples will do better when they have the same goals when it comes to spending.
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Wall Street Journal
marketwatch.com/story/five-money-tips-for-couples-in-tough-times-2010-07-20?pagenumber=2
Emma Johnson at Forbes
forbes.com/2010/07/15/marriage-money-fights-couples-relationships-forbes-woman-net-worth-family-finances_2.html
StrategyOne
prnewswire.com/news-releases/strategyone-public-opinion-survey-impact-of-great-recession-widespread-more-than-just-finances-affected-97574429.html
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