Dutch research shows that 27% of couples fight over money. Money is one of the most common topics for a fight in a relationship. Couples fight over the decision to cut down costs, and specifically in what way money should be saved.
Couples who find it difficult to make ends meet or who have difficulties paying all the bills have a higher likelihood to fight over money. The same counts for couple’s who think money is a complicated subject.
Although this is a Dutch research, the conclusions are quite international. A study by the American Psychological Association showed similar numbers: 31% of the couples report money is a major source of conflict in their relationship.
So in order to maintain your happiness and don’t let money ruin your relationship, what are the Do’s and Don’ts from the research?
- make sure money is not a difficult topic which can become a source of problems. If you are reading about financial freedom and financial independence, money is not too difficult for you.
- It’s important to prevent financial problems. If you have any consumption credit (e.g. credit cards, car loans, mail order etc) make sure you pay them off as fast as you can. Prevent living on credit. Read more about this in step 2 getting rid of your debt. Research has shown that couples with (consumption) debt have more arguments over money, and even have a higher probability to split up. On the other hand, paying off debt leads to an increased feeling of satisfaction.
- Talk about money. Couples who look at their financial situation together know what is going on and can make plans together, which prevents problems lying around and escalating into fights. More fundamentally it’s important to talk about your financial goals and believes. If these do not align with your partner, you will more likely argue over money.
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