If you and your partner are avid consumers it could be bad news for your relationship.
When I was doing the research for a book I wrote aimed at helping couples make better money decisions, called Financial Bliss, I spoke to a number of people (and used their quotes anonymously) about what they wanted from their money and how that affected their relationship. In a couple of cases where the relationship had ended, it seemed one - or both partner’s love of shopping was a contributory factor. So I was really interested when Karen Pine (one half of the team behind the fantastic money guide Sheconomics) wrote about materialism and relationships on the Sheconomics website. Here’s her thought provoking article:
How to deal with the difficult money issues as a couple.
Do you and your partner argue over how bills are split, the joint account and debts? You're not alone!
While many couples find it easy to sort out their differences, whether it’s over childcare, how they spend their time or money, others struggle - particularly around money. And some of those who don’t struggle may simply find it easier not to communicate about the finances. There's no solution that works for everyone, but there are ways to reduce the potential for conflict and to make more constructive decisions – between you – about your financial future.
When money is tight it’s easy to argue with your partner over the finances. But talking isn’t impossible.
Do you and your partner find it hard to talk about your finances? If so, try these tips.
Updated 26th April 2011.
Many couples manage their money without endless arguments but for some, talking about money without it turning into a row is almost impossible. Even if you and your partner don’t argue you may find it hard to talk about money (one study carried out a few years ago found that as many as 75% of couples said money was hard to talk about). And while disagreements don’t have to lead to breakup or divorce, the relationship counselling service Relate says that rows about money are a major factor in many divorces.
