Relationships and money

Couples frequently argue about money. When they consult with me they often want me to give them a formula that works. There is no formula.

Every person has their own set of values around money. Some people believe in saving and watching every cent, others splurge at every possible chance. Some couples both believe in saving but have different values about where to put their hard earned cash.

I once counseled a couple who were both accountants. She believed in investing in property and he was more of a risk taker and wanted to invest in shares. Another couple I counseled both loved to spend. However, she loved to spend on clothing and he relished holidays.

The list of conflict areas is endless. That is why some couples have joint bank accounts and others would kill each other if they did.

The solution lies in you having self awareness about your values pertaining to money. Then you need to articulate them to your partner and identify areas that are similar and different. Once all your cards are on the table, you can begin to strategise about how to overcome your differences and meet both sets of needs.

What works for you?

Renee Mill has written 311 articles on this blog.

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