6 Financial Tips For Healthy Relationships
Money is one of the main reasons married couples fight. However, it shouldn’t be like that, money shouldn’t be something that controls your life, but on the contrary, but we understand that it is easier said than done.
Here we are going to give you several tips on financially healthy relationships, pay close attention.
1. Talk about lifestyle choices together
In a good marriage there should always be excellent communication between the two of you. In marriage there are always compromises. Let’s say that you tend to like brand name items, but your partner is fine with buying cheaper non-brand items. If your budget allows you to buy brand name items, that’s fine. But if your budget doesn’t allow you to buy brand name items, maybe it’s time to create the habit of buying cheaper non-brand items.
2. Don’t let salary differences come between you
In most relationships, one partner makes more money than the other. This often leads to the partner who contributes the most money feeling entitled to decide how their money is spent, which creates conflict in the relationship. It is important to understand that no matter who makes more money, you are a team and there is no reason to impose a higher income on your partner. Equal rights are a fundamental part of money and marriage.
3. Be honest and open about your purchases
Cheating in relationships is not always the result of an unfaithful partner. Sometimes cheating comes in the form of unfaithful finances, which happens when a partner opens a secret bank account or hides money without telling their partner. Being honest and open about purchases is essential to maintaining financial trust and transparency between partners. You and your partner are a team and you should act as such.
4. Conduct regular financial check-ins with each other
Many couples do not talk about money until they are married, however, a lack of knowledge about your partner’s financial situation and habits can be risky. Your partner’s financial mistakes and past debts also become an issue for you, which can cause an even bigger problem in your relationship. Don’t stop doing financial check-ups after you get married, though. Regular financial check-ups for you and your partner keep communication within the relationship open and easy.
5. Create a budget that fits both of your lifestyles
Creating a budget as a team is an essential part of a healthy financial and marital relationship. Gather all of your bills and other financial documents, laying everything out so it’s easier to calculate and create a combined budget with your partner. Remember to also keep an open mind about things and always include at least one date night for the two of you.
6. Decide who manages what
In a relationship, it’s important to have a realistic set of financial expectations for each other. If you want to buy a house, but your partner doesn’t know about it, and therefore doesn’t make the effort to save, then it’s going to be a disaster. It’s a good tool to have a clear understanding of who manages what to ensure that each person is doing their part in your combined goals. One of your incomes could go toward buying a house, while the other income could go toward those daily expenses. (SG)