For Love or Money

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Financial issues are a great source of tension in many people’s lives. Students may have to take out loans in order to cover the cost of tuition, housing, and books. Couples may struggle to afford mortgages or rent costs. New parents feel the joy of their baby mixed with the pain of medical bills. It seems no matter who you are, it’s hard to avoid money problems.

Unfortunately, financial strain can take a great toll on relationships. Statistics indicate that the #1 topic of argument in relationships is money, and money is often linked as a significant cause for divorce. The big question is: if everyone struggles with finances at some point, how can we keep our relationships from suffering?

A study by Barton, Futris, and Nielson discusses one key tactic for reducing financial based conflict within marriages.

Expressing Gratitude

When gratitude is expressed regularly in relationships, the strain of finances is lessened. While it may seem more important to receive gratitude, than to express it, the study found that for both men and women, relationships become more stable when ... Read more »


5 Simple Ways to Make Sure Money Doesn’t Cause Your Divorce

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Money

Chances are, you’ve been stressed about money before.  You might have noticed how much that stress can affect your own happiness as well as that of a partner if you were in a relationship at the time.  If so, you might have also tried to avoid talking about these money issues because you were afraid it would ruin your relationship.

Instead of trying to avoid talking about such an important part of life, however, maybe you can try following this advice on how to talk about the money from Dr. Craig Israelsen at Brigham Young University.

 

1. HALT

Follow the HALT principle.  If you are Hungry, Angry, Lonely, or Tired, you might find it more difficult to communicate what you really need or mean.  So before discussing anything of importance, such as money and finances, consider how you are feeling.

 

2. Prepare

One way to help you feel at ease when you talk about money, you might try preparing ahead of time.  Figure out with your partner a good time to talk about some the concerns you have and then do some preparation beforehand.  You ... Read more »