4 financial rules for a stable relationship

2024 Author: Malcolm Clapton | [email protected]. Last modified: 2023-12-17 03:44

Quarrels over money can cloud a relationship noticeably because they rarely happen only because of financial disagreements. There are often deeper problems behind them. Try changing your collaborative approach to finance using these rules.

1. Plan your money conversations in advance

Try to avoid controversy. Agree when it is convenient for both of you to discuss money issues, and explain what is important to you.

For example, you might say, “I feel like we have different approaches to money, and I'm worried that this will affect our future. I want everything to be good with us. Let's decide together how we will distribute finances."

2. The current value of your relationship is determined by your plans for the future

When we buy a house, we decide how much we are willing to pay for it based on the value it will have in the future. At the same time, our opinion is influenced by what size it is, where it is located and in what condition. When we buy shares of a company, we estimate its estimated return.

If we are confident in a bright future, we are ready to pay more for this or that product. If we don't expect anything good, we want to pay less today.

It's the same with relationships. If you spend money as if you and your partner have no future, you subconsciously send the signal "I don't care what happens to us tomorrow." And if you put it off together, at least a little, you create the foundation for a happy relationship.

Try keeping a ledger or even a simple spreadsheet and you will see how much you value a shared future.

3. Quality is more important than quantity

Beginning with the purchase of a diamond engagement ring that supposedly expresses our love (and all as a result of a successful marketing campaign carried out in the 1940s by a diamond mining corporation), we find ourselves under the influence of a bad habit of spending money on things that seem important to us. not something that we really value as a couple.

Think about it, do you like diamonds in general? And is it worth spending tens of thousands of rubles on an unusual wedding cake? When you start spending your general money on minor purchases, it quickly becomes a habit. You start to value things more than other expressions of love, and this takes a toll on your relationship.

Better to put in the extra effort when preparing a dinner together. Leave notes when you leave for work early. Try painting your feelings. This will be remembered more than just another gift.

4. Failure is inevitable

Financial difficulties are inevitable. It is likely that there will be periods when you find yourself broke. Everyone faces this. Think of Henry Ford: he went broke twice before he was successful.

Be prepared for failure and remember that our efforts are not always worth it. This is the essence of investing: we take risks and try to do our best.