Financial disagreement or gridlock in relationships is one of the predictors of marital distress that may lead to divorce or separation. When two people decide to unite their lives in marriage, the language changes from one of singularity (I) to plurality (we). This unity is not just living in the same physical space but a unity of goals that includes finance. In essence, the husband’s money is the wife’s money and the wife’s money is the husband’s money. Investing in your relationship requires that you make the transition from singularity (I) to plurality (we) when it comes to finance.
My money or our money?
How do you handle money in your relationship? Do you find yourself saying this is my money and that is my partner’s money? You might probably say “these bills are mine and those are for my partner.” Couples who are separated along financial lines undermine the commitment to their relationship, which generally indicates a lack of trust in the relationship. Financial wisdom dictates that all monies are placed in one mutual pool. It is from this pool that all family expenses are paid. How well are you following sound financial principles in your relationship? If you are not, you can begin today by adopting good financial principles and avoid the monetary and relationship stress of tomorrow!
Sound financial tips
Selecting a family financial manager is another key financial principle. Couples need to decide among themselves who is going to be the family financial manager. The family financial manager is normally the person with the better money management skills. It is important to note that financial manager does not mean controller but rather guardian of the family’s finance. Do you have a financial manager in your family or maybe you just spend money and think about later?
Disagreement about money is associated with major stress in relationships. You can make the wise choice at this very moment and kick-start the journey of a more stable financial future.
