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Monday, April 15, 2013
ASSERTIVENESS
Money
is often a trigger point for arguments in a relationship. According to
the relationship guidance organization Relate it is one the top causes
of rows along with sex, untidiness, disciplining children, housework
and parents and friends.
"Money is more important than sex in making or breaking relationships.
True or false?
People can accommodate different sexual preferences more easily than differences over handling money."
What are the problem areas
Handling the money It can cause resentment if one partner feels left
with all the responsibility of sorting out the money issues. They feel
as if they have all the work and all the worry.
Attitudes to
money If you are a miser living with a spendthrift nightmares can
result. Resentment can build up. If you are a worrier living with
someone with a devil may care attitude the mismatch may create friction.
Different priorities Husbands and wives may have different goals and
different fears. One may be paranoid about getting into debt the other
may have no problem with loans and credit cards. He might want a flash
car, she might want some money in the bank or he might want to retire
early but she wants to spend it on the latest fashion or new carpets.
He may think the new home cinema is a new asset to the home, she may
see it as a boy's toy. One of you may be more interested in having fun,
the other in settling down, nesting and starting a family. If the
differences are fundamental this can create conflict.
If your
partner spends without your agreement, you feel robbed of power, and
afraid of what else might happen that you disagree with. Or it might
bring back powerful feelings from your childhood that you have not
resolved - if money was always tight maybe you are still uneasy about
spending, even if cash is available. So the argument may not always be
about what it seems.
So what can you do to avoid the problems that can sabotage a relationship?
Some people may find it embarrassing but it is essential to talk
directly about money and your attitudes to money to make sure you are
on the same wavelength early on in relationships. You shouldn't assume
that you understand how someone feels from what you can see about their
behaviour - although it can flag up some warning signs if moths fly out
the wallet when it is opened! If you can talk about it you may be able
to forge compromises - before it is too late.
Discuss your
goals Make sure you both know what your short- medium- and long term
goals are. Financially this can be anything from paying off your credit
card bills, to saving up for a deposit for a house, to the ability of
one person not to work while children are small. If you don't want the
same things are you in the right relationship?
Discuss your
attitudes Do you both feel the same way about debt? Are you happy
paying for the new sofa on a credit card or would you rather save up.
Avoid conflicts by understanding one another's attitudes to debt, to
spending and to the future.
Set some rough limits Decide how
much one of you can spend without consulting the other. Work out how
much you are happy to spend on a typical night out.
Work out a
budget Sit down and make a list of all expenses - and don't forget to
include an allowance for irregular items such as the dentist and car
maintenance as well as the obvious bills. Compare this with your income
and it should give you a good idea of how much "disposable income" you
have - if any and then you can plan what to do with this. If you have
no disposable income then you need to have a serious chat about where
and how to cut back.
Share budgeting responsibilities You
should both know how much you pay for rent/mortgage, council tax,
utility bills, car and house insurance, and so on. You should both have
an understanding of your total debts and/or savings and investments.
Neither partner should feel that they have the entire worry or
responsibility.
Joint and separate accounts For couples where
both are working and one partner resents the free spending of the other
one solution is to have both joint and separate accounts. You work out
what the household expenditures are - mortgage, bills, housekeeping and
so on - agreeing on what constitutes a joint expenditure in areas where
there may be issues - for example one couple don't buy booze out of the
joint account as one of them drinks far more than the other. Then agree
to pay a certain amount of your salary into the joint account each
month which will cover all the bills. You will need to discuss how much
each will pay - some couples may want to pay 50:50 despite the fact
that one partner earns more than the other - while others may agree
that the person earning the most should pay proportionately more. What
each person then has left is his or her own to spend. Alternatively,
you could both pay everything into the joint account and then pay
yourselves a monthly allowance and neither partner is allowed to
criticise what that allowance is spent on.
Prioritise your
expenses Don't book an expensive holiday when you are paying off debts.
Work out what is more important - a new car or a new bedroom suite, or
to put some money by for a rainy day and then stick to the plan. And
don't forget most financial advisers suggest that you have three to six
months' salary put by to cope with unexpected events so perhaps this
should be your first goal.
Don't forget the occasional treat
Unless you are really hard up you should give yourselves the odd treat.
Most people work really hard and if it is all scrimping and saving for
some future gratification it can be very dismal.
And if you
need more convincing about the role that money plays in relationships
you only need look at research done by Warwick University which found
that men who lose their jobs can say goodbye to their wives. "one of
the strongest statistical
Quote me!!!!
findings is that the higher the man's income, the greater the chance of the couple staying together.
"Men among the top 20% of earners are 46% less likely to get divorced
than those in the bottom 20%. But the sudden changes for the worse can
have an enormous effect on a marriage. "Their partnership is more
likely to end in the year afterwards. Unexpectedly harsh economic times
can wreak havoc with the chances of staying together. It is not low
income that does most of the damage. It is dashed expectations," said
Professor Andrew Oswald.
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