PREPARE/ENRICH Australia Blog

Finances 2

Ask the question today of a family member, friend or colleague: RuOK?

It’s time to say thanks to all the people who are there for us!

Am I ready to discuss my relationship? Pick a day where your emotions are calm

The development of skills can all to easily become over-shadowed by the feedback process. Why not aim for a balanced approach in which feedback and the development of skills (eg. good listening skills; constructive ways of handling conflict) are both valued?

The costs of childcare in Australia is one of the highest in the OECD but with one of the lowest participation rates

Financial vulnerability poses many negative impacts on families and children however unique challenges such as the cost of childcare and property settlement and parenting matters, appear to present children with more challenges than merely being reared by married parents.

Power and control are not compatible with intimacy: Cohabiting couples and finances

Money causes tension when there isn’t enough, when it isn’t allocated correctly, and when there are different ideas surrounding its purpose. And the conflict tends to grows out of a lack of understanding and communication around money and how it relates to the couple relationship.

Cohabiting couples: The link between experience of financial hardship and personal psychological distress

An Australian study has shown that there is a strong link between experience of financial hardship and personal psychological distress (Creed, et al, 2006).

Negotiating a financial arrangement: Cohabiting couples

A major finding of recent research into the effects of cohabitation on subsequent marital outcomes is the potential detrimental consequences of ‘sliding’ in relationships rather than ‘deciding’ – that is letting transition events ‘just happen’ rather than making a considered, unambiguous decision.

Financial management is often a source of conflict for couples.

Money causes tension when there isn’t enough, when it isn’t allocated correctly, and when there are different ideas surrounding its purpose. And the conflict tends to grows out of a lack of understanding and communication around money and how it relates to your relationship.

How do I help couples have meaningful, skill-building dialogue around money?

"Money is power, freedom, a cushion, the root of all evil, and the sum of blessings." - Carl Sandburg

Financial Stress and Premarital Couples

An Australian study has shown that there is a strong link between experience of financial hardship and personal psychological distress (Creed, P.A., & Miller, J. Psychological distress in the labour market: Shame or deprivation? Australian Journal of Psychology, 2006, 58, 31-39). One point made by the authors is that financial distress reduces a person’s capacity to plan and interferes with planning for a meaningful future. It is this that primarily reduces psychological wellbeing.

The golden rule of budgeting: Spend less than you earn and save and invest the rest

Money is a powerful word that conjures up a number of emotions, among them lust, envy, fear, anger, hope, scorn and disgust. Little wonder then, that the most common source of disagreement in families in Australia is money. In fact, 37 percent of all married couples indicate that the number one problem in their marriage is #money.

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