Hey there, it’s Marcus.
Let’s talk about a subject many couples often shove under the rug – finances.
You know, that thing more taboo than your aunt’s third marriage?
Yep, that’s the one.
We all love money, don’t we? It buys us our favourite foods, vacations, and those little indulgences that make life sweet. But here’s a harsh truth: a study from Kansas State University found that arguing about money is the top predictor of divorce. It’s like a pack of wolves hiding in your savings account, ready to rip your relationship apart.
But don’t worry, I’ve got your back.
Here are 6 practical steps you can take to manage finances effectively in your relationship and make sure money stays where it should: as a tool for living, not a catalyst for strife.
Let’s get started:
1. Talk About It
First things first – you’ve got to talk about it. Money shouldn’t be a furtive badger, skulking around in the dark corners of your relationship. Instead, imagine it as a playful dolphin, swimming in clear waters. You need to know its movements, and the only way to do that is by bringing it into the light and discussing it honestly.
2. Share Your Money Stories
You and your partner grew up in different households with different financial values. It’s like you both come from two different countries, each with your own ‘currency’. So, share your money stories. When you understand the roots of each other’s financial behaviour, it’ll be easier to find common ground.
3. Set Financial Goals Together
Think of yourselves as two hikers heading for the same mountain peak. You wouldn’t start climbing without a plan, right? Set financial goals together – whether it’s buying a house, starting a family, or planning your dream vacation. This way, you’re more invested in each other’s financial wellbeing, and you can ensure your money habits are aligned.
4. Respect Each Other’s Money Styles
One of you may be a saver, keeping every penny close like a dragon hoarding gold. The other might be a spender, sprinkling money around like it’s confetti at a parade. Neither is wrong or right – just different. Accept and respect these differences. Compromise and find balance. Remember, it’s about us, not you or me.
5. Be Transparent
Don’t hide purchases or debts – it’s like burying landmines in your relationship that might explode any day. Full disclosure is key. That’s why so many couples now use joint bank accounts or financial apps that make everything transparent.
6. Seek Help When Needed
Finally, there’s no shame in seeking help. If your money talks are more like WWIII, it might be time to bring in a neutral party. Financial advisors or couples therapists (like yours truly) can offer objective advice and strategies that can untangle even the tightest knots.
Now then…
You might be wondering, “Marcus, how do we even start such conversations?”
Good question.
The answer is to keep it simple.
Begin with open-ended questions, like:
“What does financial stability mean to you?”
“What are our joint financial goals?”
These prompts will steer you towards a positive, constructive dialogue about money.
Truth is…
…Money can be a tough nut to crack in a relationship.
It’s complex, loaded with emotions, and often messy. But remember, it’s not an unconquerable beast. It’s just a tool, like a hammer or a spoon. And just like you wouldn’t let a rogue spoon ruin your relationship, don’t let money have that power.
Take these 6 steps, start your conversations, and remember – you’re a team. Like two climbers tethered together, navigating the financial peaks and valleys. Your strength lies in your unity, your openness, and your willingness to face challenges together.
So what are you waiting for?
Start your money talks today.
Let’s turn those financial wolves into playful dolphins, shall we? Your relationship is worth every penny.
Bye for now
Marcus
PS. If you’d like help and support having Open, Honest and most importantly Kind conversations about all aspects of your relationship…
