More Couples Are Stressing Over Money Troubles During the Holidays

Must Read

To keep communication lines open with your partner, having regular talks and setting goals together are essential.

The holidays are fast-approaching, and while many of us may be struggling financially, we still want to give our loved ones the best. 

Discuss With Your Partner

To avoid future fights, have a conversation with your partner about what your financial expectations are. Money is often the root of many arguments, so it’s essential to be on the same page.

The 2014 APA Stress in America survey shows: 

“31 per cent of adults with partners reported that money is a significant source of conflict in their relationship.”

To make your dream holiday come true, start by thinking about what is important to you and why. If your spouse agrees with you, then this conversation will be easy. If they disagree with you and have different expectations, take the time to listen to them.

Define Your Financial Objectives and Your Attitude towards Money

Money is a controversial topic because people often have different financial objectives. Some see money as a way to create experiences, while others think it is primarily a safety net.

Where do you stand? What’s your opinion on money? How does your partner feel about money?

Prepare to Meet in the Middle

When you want something too luxurious for your spouse, you’ll have to sacrifice it to maintain peace in your relationship. How can you voice your concerns without getting defensive if they want to spend more money than you’re comfortable with on family, friends, or entertainment? Try to compromise about where cutting back is necessary while giving them a chance to celebrate.

Set Goals for the Upcoming Year

The holidays are a time when spending can get out of control, but if the growing bill is causing you and your partner stress, it may indicate that better financial planning is needed in the New Year.

You don’t need to take unique courses on money management, but finding ways to talk with your partner and develop financial goals is a small step towards bringing peace to the finances in your relationship.

“Be sure to be open and honest with each other, and try to understand each other’s goals about money. Goals change throughout marriage. It is very important to discuss ideas with a partner and understand each other’s differences in order to secure a stable financial future,” stated by professors Sissy R. Osteen, Ph.D. and Rachel A. Neal, Ph.D. in their study on couples and money.

- Advertisement -spot_img
- Advertisement -spot_img
Latest News
- Advertisement -spot_img

More Articles Like This

- Advertisement -spot_img