You can explain logically why money is important and all the ways having it improves your life. Is money a source of stress for them, so they prefer not to think about it? Did their parents never seem to care about money, and they inherited that same viewpoint? What can you do if your partner doesn't? Talk to them and try to get to the bottom of why they feel this way. Now, if you're reading this article, you're probably the one who takes money seriously. Maybe you're the ambitious type, and your partner sees money as more of a necessary evil. The importance of money in our lives (17%)Īnother common issue is when one partner takes money much more seriously than the other. You two can balance each other out, if you're both willing to compromise. You need balance, and being in a relationship with someone who views money differently could be a huge benefit. You shouldn't spend every penny, but you shouldn't save it all, either. Knowing how to save and spend money are both important. Bola Sokunbi makes a good point about this, as she notes that financial fights can stem from "upbringing around money, experiences in past relationships, or other life experiences that lead to different perspectives about money." Keep in mind that you two probably just view money differently. In all likelihood, neither person is entirely right or wrong. One partner wants to put extra money into a savings account, while the other wants to make the most of it here and now. It's the classic financial dispute: Saver versus spender. Whether to spend for today or save for tomorrow (29%) A recession may or may not happen, but you and your partner can prepare for it by saving for an emergency fund just in case you need it. The stock market will bounce back, so continue to invest and don't pull your money out. While market downturns and recession talk are stressful, they're a normal part of the economic cycle. Remember that these are all things you can't control, and you and your partner are in this together. And many economists are predicting a recession. Inflation has been sky high for over a year. In 2022, the stock market had its worst year since the 2008 financial crisis. Given the current state of both, that's understandable. The biggest source of disagreements for couples was fear about the market and the economy. Fears about market risk and the economy (35%) We'll also go over how to solve these issues, with some expert advice from Bola Sokunbi, founder and CEO of Clever Girl Finance. If you and your partner often argue about personal finance, it's worth digging deeper into what you're arguing about and how you can fix it.īelow are the five most common reasons couples fight about money, according to Orion's survey, and the percentage of couples who chose each reason. Regular arguments, especially about the same subject, take their toll on a relationship. adults said they have disagreements about money with their partners, and 27% said it happened weekly or monthly. Money can be a stressful subject, so it comes as no surprise that lots of couples fight about it. Check out our pick for Best Cash Back Card of 2022
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