The relationship between love and money is challenging during the best of times. With rising unemployment, unmanageable debt, and no new credit to speak of, it is understandable to question whether or not love can survive through these troubled economic times. Most couples imagine that if they made more money, their money troubles would go away
Why does cold money destroy relationships? How does understanding this delicate subject strengthens the love of a couple?
Michael Mary gives ideas and suggestions on how each couple can understand the role of money in their relationship and gives specific suggestions on how a couple can decide how to deal with it.
So relationships “rule” money, not money over relationships.
Irish poet Oscar Wilde said: “When I was young, I thought that money was the most important thing in life; Now that I’m older, I know it is. “His comment was ironic; he lived to be forty-six, so he was never really “old.” Nevertheless, Wilde fully understood that life is not about money.
Money is temporary; It comes, and it goes. So, life should be more than money and what you can buy with it. So, Jesus challenged the people of his generation, rich and poor, to a new value system.
The most important thing you can do to manage your money with your partner effectively is to be as open and honest as possible about the current state of your finances.
By informing your partner about your debts, loans, credit history, spending habits, and money goals, you can maintain an honest exchange of information and ensure there are no unwanted surprises down the road.
Before you start completing the spreadsheet, try to understand the big picture for a moment. For example, talking about your feelings about money will help you better understand each other’s stories and understand where you can grow together.
Most of us are a bit insecure about personal finances; Don’t feel like your partner has it all figured out just because you don’t feel very safe. You are both learning, and the more open you are, the more you can learn together.
If you plan to manage finances with your partner, now is not the time to keep secrets. Effective financial planning for couples requires 100% honesty. You’ll want to share the good, the bad, and the ugly.
Talking about your monthly expenses and debts can sometimes be a little tiresome. But there is an enjoyable part of managing money as a couple: when you work together to manage your money well, you can start working towards bigger and better goals.
One way to keep a positive attitude about money is to focus on your shared goals as a couple. It can be short term, long term, or any other “time frame” you like.