Love and Money. Making It Work
This is the second article in our two-part series on dealing with finances with your significant other. For the first installment, check out “Can Love and Money Get Along?”
You’re a hoarder, he’s a spender. You stash purchases in the back of your closet, he “forgot” to tell you about his three-day golf weekend—and its hefty price tag—before booking it. But even once you’ve recognized why money is a source of contention in your relationship, it’s not always an easy problem to solve.
I’ve counseled couples languishing in their same old money habits for years, and here’s what I’ve learned: communication is crucial—not just about dollars and cents, but about your feelings, too. “It is important not to confuse having transactional conversations about money (e.g., what to buy and for how much) with the deeper conversations thatprovide context as to why you feel, think and believe as you do. Financial intimacy is about navigating emotions that will surface when talking about money and negotiating the information you discover,” explains Jacquette M. Timmons, founder of Sterling Investment Management and author of Financial Intimacy: How to Create a Healthy Relationship with Your Money and Your Mate.
Need helping getting those conversations going without starting a fight? Try these tips to get both of you open up about money in a calm and productive way.
Read the FULL article here!