Tuesday, August 14, 2012

How To Stop Fighting Over Money

If you’re standing in the kitchen at 11pm, shouting at your partner over this month’s bills, there’s no need to consider yourself alone in this. Money is the major cause of disagreement in relationships and the major reason cited for divorce. Making it one of the most important things to get straight, sooner rather then later. Here’s how to stop fighting about dollar bills.

 

Keep To Topic

It’s very easy to think we’re upset about money, when in actual fact we’re upset about the day we’ve had at work, how tired we are, the fact that the kids haven’t slept properly in a matter of days. If you’re fighting about money, experts suggest we make sure it is actually about money and only about money. It’s an easy thing to latch onto, but it doesn’t go anywhere near solving our issues if it’s the wrong issue to pick a tiff over.

Talk About Backgrounds

We might think we’ve gotten all our dirty linen on the table- ex-partners, bad investments, years lost to a job at the local pub and 12 hour a night snoozes- but it’s amazing how often we gloss over our financial backgrounds, and those of our parents. In Australia, it’s still awkward to talk about money. It’s going to be hard for a partner to understand our view on money if we don’t explain how hard it was to come by when we were growing up. Or explain that it was badly mismanaged in our family. Or that ‘something always turned up’ and planning wasn’t a skill we were taught. They are all hard, challenging admissions but it’ll make your relationship, and approach to finances, far more clearcut.

Play To The Galley

If you’re appalling on details, don’t try and be the one who draws up the budget. If you’re fantastic at spreadsheets, let someone else focus on the big moves to make and you can work on the nitty gritty of achieving it. Maybe one of you is creative and can think of fantastic ways to save money. The other might be very handy at DIY and can save you a fortune in adjustments. Work on areas that interest you, invariably they are also the areas you are good at.

Dream Talk

So often we schedule time to fight, budget, talk about how we have to get better at managing our finances. Yet how often do we sit down and dream up some exciting goals? How often do we talk about what our dreams are now, whether they’ve changed, whether we feel any closer to them? Remembering what we’re working towards is one of the most important ways to stay engaged and motivated for the sacrifices such goals demand.

Regular Fat Chewing Time

It’s a great idea to sit down once a week to discuss the finances. That way, there are no nasty shocks for a partner, both partners feel invested and in the loop and can make equally informed decisions about what the next step should be. It also means both partners are aware of the reality of finances, any adjustments that need to be made to the budget and how better to save money and reduce debt.

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