Communication is one of the most important keys to a successful marriage. As a result, miscommunication is one of the biggest downfalls of a marriage. But, nothing messes up a strong relationship faster than money miscommunication.
Money arguments have been causing trouble in marriages since the institution began. It’s an old stereotype, and we like to joke about it. But, if you’re in the middle of arguing about money in your relationship, you’ll find it’s no laughing matter.
When you understand how money miscommunication can mess with your marriage, you can start to do something about it.
Being able to communicate effectively about your finances can not only put a stop to endless arguments, but it can actually help to make your marriage stronger.
Don’t Be Afraid to Talk About Money
One of the biggest mistakes couples make when it comes to money is simply that they don’t talk about it enough. Studies have shown that couples who say they are “happier” talk about their finances regularly.
If you keep everything out in the open when it comes to your money, there’s less conflict. But, if you wait until there’s a problem or you have an issue with your finances, you’ll find a lot more to argue about with your spouse.
Again, communication is key. If you don’t want to talk about your finances with your spouse each day, that’s fine. But, set aside time together at least once a week (if not more) to go over things like your budget, any worries you might have, etc. The more open you are, the less likely it is that the conversation will take a negative turn.
Understand Each Other’s Financial Personalities
Did you know that we all have different personalities when it comes to money? Some people are savers, some are spenders. There are a lot of “in-between” factors, too.
When two people with different spending habits are in a relationship, it can cause some friction. You don’t necessarily have to change your habits or ask your partner to change theirs. But, understanding one another’s habits can make money conversations a lot easier.
Of course, if one partner’s habits are causing problems with money, coming to a compromise is the best solution. Don’t expect your partner to completely change their thoughts on money overnight!
Lacking a Plan Fuels Arguments
Even if you openly talk about your finances, you might still find yourself arguing with your spouse if you don’t have a real plan for your money.
Couples who lack a financial plan are often surprised when unexpected expenses come up. Or, they might get angry when they see a large withdrawal from the bank account. Your financial plan might include things like a monthly budget or yearly savings plan to reach a monetary goal.
Financial plans are different for every couple. There is no “perfect” way to set one up. Whatever plan you decide to put into place should be a reflection of what works in your household. But, if you’re having trouble creating one, talk to a financial planner or advisor for help.
As you can see, the underlying theme for getting through money mistakes in your marriage is communication. Just as miscommunication can throw a wrench in other areas of your relationship, it loves to cause problems with your finances.
If you’re not sure how to openly and honestly talk about your finances with your spouse, certain types of counseling can help.
Being able to be more open and communicate freely will not only help with money conversations. It will also help with other areas of your relationship that cause disagreements.