Learning ways to deal with marital financial stress is a key to a happy marriage. Here are 5 basic rules that can help restore marital harmony. A recent survey of American adults who are married or in serious relationships showed that finances are the greatest source of stress for more than one third of couples. Here are ways to deal with the issues that can stem from financial stress in the relationship.
Many couples who typically relate and communicate well with one another can find that talking about money is a tough topic. A recent survey of American adults who are married or in serious relationships showed that finances are the greatest source of stress for more than one third of couples. Another study showed that how much money a couple had was less a factor in their happiness than how much value they placed on money itself. Marriage counseling can help sort out differences and create a harmonious plan.
Whether you are a new couple starting out or have been married for years, here are 5 tips for keeping marital financial stress under wraps in your relationship:
Determine together how to address financial matters. Some couples schedule a time to talk about money matters as they would for a social event or business meeting. Others choose to set a monetary limit, and spending more than that amount initiates a conversation. Find and commit to a plan that works for both of you. Although it may not be the most pleasant way to spend time together, but can be effective in dealing with marital financial stress and lead to more enjoyable interactions overall.
Avoidance or secrecy about money does more harm than good. According to a non-profit debt solutions study, 80 percent of people who are married hide some purchases from their spouse. Trust in your partner’s financial fidelity is as important as the trust you place in any other area of your relationship. Agree to a pact that talking about finances is a judgment-free zone, and then talk and don’t hold back.
Address an issue sooner than later. Disparity in spending can be manageable. However, research says ignoring conflicting spending habits can increase the chances of a breakup or divorce.
Acknowledge that money issues also carry emotional weight. Research has shown that financial disagreements last longer, are more important to couples and generate more negative conflict tactics, such as yelling, than any other topic or issue. But money doesn’t always have to be a source of stress. It can also be a source of great pleasure.
Make a plan together about your financial goals and stick with it. Whether you have joint or separate accounts, or both, doesn’t matter. What matters is that your financial plan is the right one for both of you. The plan should include both of you working together as a team and being supportive of one another.
HEALTHY COMMUNICATION IS KEY IN RELATIONSHIP
Healthy communication is key to the long-term health of a relationship. Productively talking about finances may be one of the most important ways to keep your relationship going strong.
Since 1981, First Health Associates has been providing exceptional health care to residents of Arlington Heights, Mt. Prospect, Schaumburg, Rolling Meadows, Palatine, Elk Grove, Buffalo Grove and Des Plaines. First Health is an integrative medicine practice that offers: Medical Care; Acupuncture and Traditional Chinese Medicine; Counseling and Behavioral Therapy; and Chiropractic Care.
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