Financial management is often a source of conflict for couples, causing tension when there isn’t enough, when it isn’t allocated correctly, and when there are different ideas surrounding its purpose.
The first step to gaining an understanding is to be aware of your own experiences with money. We first learn about money from our family of origin; it’s where we learn how to spend, how to save, and what money means. These ideas may change throughout life, but the influence of first impressions is significant.
Practicing assertive communication with your partner about emotions you have surrounding money (fear, joy, anxiety, etc.) is important because it helps your partner begin to understand how you relate to money. The goal here is to help you understand how money impacts your relationship with your partner.
If you need assistance getting out of debt, practical budgeting advice for today, or saving for the future – there are many resources available specifically to help couples improve their financial management skills. A counsellor who specialises in financial matters or financial planner is a good place to startConflict tends to grow out of a lack of understanding and communication around money and how it relates to your relationship.
The following website is a great local reference for tools, tips and guidance: www.moneysmart.gov.au.
If you and your partner ever feel overwhelmed by your results or the ensuing discussion, we encourage you to seek out professional support. Call us.
Consider taking an assessment or working through our Discussion Guide for Couples... that's a great place start!
Tune in for more tips next week.
Do you need help with an issue or problem? Our approach helps to generate deep and productive conversations that couples would not otherwise have about their relationship. These conversations can restore insight and understanding about one another.
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For more information on PREPARE/ENRICH or to find a facilitator near you, please contact: www.prepare-enrich.com.au or call us on (02) 9520 4049.