LIFESTYLE

Money issues are also responsible for 22% of all divorces, making it the third leading cause. Financial problems within a marriage can lead to one spouse overspending, being stingy with finances, or feeling like they know better than their spouse on how to handle the monthly bills.

Partners are likely to blame each other for their situation and scrutinize each other’s purchases. They’re also likely to feel less committed to their relationship — when there’s not enough money in the household, it can seem like the costs of staying together outweigh the benefits.

Feeling beaten down by money worries can adversely impact your sleep, self-esteem, and energy levels. It can leave you feeling angry, ashamed, or fearful, fuel tension and arguments with those closest to you, exacerbate pain and mood swings, and even increase your risk of depression and anxiety.

Talking about money can be difficult in any setting, whether its dating, asking for a raise at work or even among friends.

But, Talking about it helps to to minimize conflicts and errors.

So before you have your next money conversation, keep in mind a few do’s and don’ts:

• Take time to understand each other’s values: If one person loves spending money on going out to eat, while the other prefers to avoid eating out to save money, this could present a difference in values. Make sure you discuss with one another how and why you value certain things.
• Be clear about who pays for what: It should never be a guessing game of who is paying for something. The right time to figure that out isn’t when the bill comes or when you are standing in front of a register, but before the issue arises altogether.
• Don’t impose on someone else: Like Dr. Melkumian said, everyone has a different money story. And that journey can impact how someone acts towards money, and acts towards someone else. But regardless of the situation, don’t impose your money story or strategies on a significant other. It can lead towards resentment and other issues.
• If you’re considering marriage, get ‘financially naked‘: Did you know one-third of Americans admit they financially cheat on a partner? While it may not be sexual infidelity, financial infidelity can be just as destructive. So if you’re considering taking the next step in your relationship, it’s extremely important to make sure you talk about potentially difficult subjects like credit card debt or student loans.

Even with the best budgeting, financial problems can still happen. Don’t let it take away the happiness in your relationship. Talk openly, prioritize your spending, set goals, and accept help. This will help you blend marriage and finances in a way that does not leave you wishing for a divorce.

Cheers!!!