Money, whether we like it or not, will always be one of the most important issues that couples in relationships have to face. Money is integral to survival in modern society and it is also an indication of ones capability to sustain a healthy and happy family, especially where children are involved. True, money cant buy you love but it holds enough power to affect your relationship for better or for worse. There are many factors that affect relationship issues money is just one of them but underestimating its power can mean the difference between a happy, successful relationship and an unsatisfactory, failing relationship. Overcome this common relationship issue and learn how to manage it successfully with these tips:
Be Honest. Whatever the financial situation may be, couples should be honest with one another, especially when it comes to their current financial situation. Nothing can dampen a relationship more than discovering a difficult truth, such as debts that are unknown to one partner or bills that turned out to be unnecessary expenses. After an assessment of the financial situation, a change in lifestyle and spending habits may be necessary. Adapting to a new lifestyle will be a lot easier if both couples understand why and agree to it together.
Accept and Understand Each Others Approach to Finances. In most relationships, one partner may be the spender while the other is the saver. There are advantages and disadvantages to both, something that both partners must be willing to work with. It is a good idea to work out money issues prior to getting into a committed relationship, such as moving in together or getting married. That way, money does not always have to be a sensitive topic in later years.
Work Out a Budget Together. A budget puts a measure of control over the spending and the saving in the household. Not only is this helpful for managing the cash flow in the house, it also helps couples who share income to avoid conflict. A budget helps set goals, so couples know how much goes where, when and why, while avoiding surprise (and often unnecessary) expenses. If any expense not included in the budget comes up, the couple can always discuss what to do with it, especially if it is a significant purchase.
Build Goals Together. Whether it is a new kitchen table, a new closet, a new bathroom or a new car, couples should always discuss money-related plans with each other. When they both have common goals, they have a clearer view of what they have to do and why, regardless of how much they have to sacrifice to get what they want. When couples create goals together, these plans become problem-solving exercises that help both partners work out strategies as one unit.
Communicate. Avoid hiding, skulking over and ignoring relationship issues money especially. Although stress levels are higher in couples who struggle financially, that does not automatically mean that their relationship is doomed. Even the most difficult financial challenges can be solved or overcome as long as couples communicate constructively, avoid criticism and come up with ideas and solutions.
Show Support. Couples who offer support and encouragement to each other are more likely to survive and overcome money issues in a relationship. Showing respect and appreciation helps immensely, and can provide the couple with emotional stability to overcome any money problem much more effectively.