Like it or not, being in a committed relationship means you’re also forming a financial partnership. It’s hard enough to find someone you’re compatible with, but trying to get along when you throw money in the mix can make it even harder. Money problems can ruin your relationship, but they don’t have to and avoiding these common financial mistakes couples make can help
Financial infidelity- Being dishonest about money issues is one of the biggest issues that could kill your relationship and it’s also one of the most common problems couples face. Get this, a survey byThe Ascentof 1,000 people in committed relationships reveals that 71% have been financially unfaithful at least once.
Being too controlling or judgmental- Nobody likes being told what to do or feel like their partner doesn’t respect their choices, but it’s still very common for partners to put limits on each other. The Ascent’s survey finds that 65% of men and 47% of women have wanted to buy something their partner wouldn’t allow.
Not talking about your finances regularly- If talking about your finances leads to fights, you may want to avoid the issue, but that can lead to trouble later on. It’s important to talk about finances frequently and to go into it with an open mind and be ready to listen.
Refusing to compromise- Opposites really do attract, even when it comes to finances. A couple with one saver and one spender can balance each other out, but both partners need to realize they won’t get their way all the time with money.
Not setting joint financial goals- Agreeing to financial goals can help you make choices about other money issues, like how much you can spend on that vacation or new TV.
Source:USA Today