The notion that money can’t buy happiness is true to some extent but for people in a relationship, having aligned financial goals will go a long way in reducing the constant conflicts. Besides communication issues, relationships have suffered from financial issues. In short, serious money fights are prevalent in most relationships.
To most couples, talking about money isn’t a pleasant encounter despite its high place in determining a healthy relationship as well as financial security. While this is the case, it’s possible to embrace your significant other when managing your finances. With the financial tips discussed below, you can improve and stabilize your relationship.
Identify the money personality traits in your partner
People are different, there is no denying that. The differences tend to influence how we handle the finances to some extent. For instance, if you have a partner who embraces frugal spending habits but you like spending liberally, you can bet that your money talks are more likely to get heated.
When you identify how your partner thinks about and handles finances, you are closer to understanding the reasons behind the personality. With this in mind, you can handle the money topics without being judgmental and be more open to putting yourself in your partner’s shoes. Once this is accomplished, it is quite easy to lay down workable plans adapted to the different personalities. [Read more…]