Effects of Money Fights
I recently saw this list of some negative effects on marriage when we fight over money. It was in an article by Rachel Cruze. Do any of these things resonate with you?
- A lack of shared dreams
- Financial infidelity (hidden purchases)
- Poor health
- A lack of trust
- Divorce
One way we can stop fighting each other over marriage is to recognize that you each may have differences in how you approach money and to realize that neither of you is "wrong". Many couples have different money personalities. For example, often one is a saver and one is a spender. But that's a good thing! Now you can combine your differences and help each other with your strengths.
But if you don't communicate your perspective on money, you will never know what your differences are. So come together and discuss your perspectives on money. Be sure to come with an open heart and open ears. Really listen to each other.
Now that you understand each other better, the next step is to make a plan that incorporates both of your money perspectives. For instance, have a "slush" fund budget for the spender in your marriage where they can use a set amount of money for whatever they want, like going out to lunch or buying tools, with no questions asked. Then there is no argument because you already budgeted for the spending.
Money fights can lead to a lot of negative effects, however, we can move in a positive direction to reduce and ultimately stop the money fights.
You can master your money... and I can help!
Contact Michelle Serna by filling out the Contact Me form.
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