Relationships become very stressful because of finances. The Great Recession has made this stress worse. Studies have shown that couples who argue about their financial situation end up splitting up very often. Relationships can be hurt by money. After finances are talked about and planned, a marriage can helped quite a bit. Typically not talking about finances is what starts issues in relationships.
Discussions on finances avoided by couples
A recent American Express Spending & Saving Tracker shows in a survey that 91 percent of Americans don’t want to even talk about money considering one 3rd of all couples have money as probably the most stress in their relationships. Ruth Mantell at the Wall Street Journal reports that when it comes to finance and marriage, the survey said individuals are more likely to know their partner’s weight than their salary. Since losing jobs are happening so often right now, talking about money is something couples should be doing a growing number of.
Financial strategy improves a relationship
It makes sense that couples keep away from finances. The same American Express Survey found that 45 percent of the couples responding said talking about money resulted in arguments. From Forbes, Emma Johnson feels that a relationship could be improved also with financial strategy. A couple can bond over things such as saving or spending.
Tempers flare during tough times
Right now, since it is such a bad economy, it is harder to bond over personal finance. A survey of 1,000 Americans was done by StrategyOne that showed 77 percent changing their life because of the Recession. Americans tend to be unhappy, and even angry with individuals around them. Individuals are delaying their lives over the recession.
Start talking about money
The StrategyOne survey also found that more individuals are also putting off getting a divorce for financial reasons. So possibly that buys a while for couples to work on their personal finance situation. Five money tips were given to couples by Mantell’s article. The first thing is to start talking about things. Changes are easier when these couples are working together. Couples should be on the very same page when it comes to spending and assets. You may just have to cancel vacations and look for a new job.
All couples fight about money. Johnson’s Forbes article suggests that managing money as a team can lead to a stronger, more fulfilling relationship. The relationship can be better after learning about each other’s habits when it comes to spending. Communication will get better if money tasks are separate. Maybe couples will do better when they have the exact same goals when it comes to spending.
Sources for the article
Wall Street Journal
Emma Johnson at Forbes
Find our more about the pre-loaded credit cards. Visit the top card sites below:
Compare PrePaid Credit Cards Everyday and Travel Pre Paid ...
Visa Prepaid Cards - Personal - Visa USA
5 things to know about prepaid cards
Visa Australia - Get the Visa Prepaid