Here are three common money problems that almost all couples face at some point in their relationship.
Relationships are built on trust and mutual respect. Unfortunately, several studies show that many people hide their debt from their partner out of fear of being judged or abandoned. This secrecy creates unnecessary tension that can lead to frustration, misunderstanding, and even severe disputes.
Transparency regarding financial information is of paramount importance for the healthy development of a relationship. Debts are easier to manage when they are out in the open and two people are working to cover them.
One Partner Is Paying for Everything
The number of purchases made by a person doesn’t correlate with their commitment towards their partner. Many people use their significant other’s willingness to pay as an excuse to not spend their money on items that are used by both parties. This creates a negative cycle during which a person makes purchases to spark joy that brings love that fuels the relationship.
Unfortunately, as soon as the purchases stop, their commitment is put into question, which ultimately shakes the stability of the relationship. This type of “buy or I will leave” dynamic is toxic and shouldn’t be tolerated. Paying for things must be a choice and not an obligation, and this is a ground rule that must be established at the very beginning.
One Is Making More Money
Financial disparity plays an important role in any type of romantic relationship. The person who is earning less can often feel inferior to their partner. This can also cause them to hold back on expensive activities, which can cause a feeling of unfairness. Discussing openly the financial inequality can set up clear guidelines of what and when certain expenses are possible.
While money is important in any field of life, it shouldn’t be the main foundation on which a relationship is based. After all, finances are just means for couples to have a better and more memorable relationship.