Money arguments are the second leading cause of divorce. While many of us have been taught that money complicates good relationships, discussing it could actually SAVE our relationships. But how exactly can we achieve this?
Seeking “financial intimacy” in a serious relationship can prevent disaster. Here’s how to do it.
#1: Equality
No matter who makes more money, everyone should be included in a relationship’s financial decisions. Whether it pertains to renting, owning, spending, or saving, this creates a healthy balance and open lines of communication.
#2: Debt
Debt can be a major obstacle in any relationship. Whether it’s student loans, credit card debt, or a mortgage, be transparent about it! In a serious relationship, your finances are a joint responsibility to address together – including debt.
#3: Setting Goals
It's important during this process that both people consider the long-term goals of the relationship, but also as individuals. For example: to some couples, booking an annual trip or sending money to a dependent family member is considered an essential expense. You MUST discuss this.
All couples are different, and so are our relationships with money. If we make achieving financial intimacy a goal, we could potentially eliminate the trouble money issues can bring before they become relationship-ending arguments!