4 actions to lessen financial conversations with your lover
You are in love and everything is going well. You and your spouse just seem to click, and it feels like you can discuss anything. But there is one thing you haven’t tackled yet: the cash conversation.
Speaing frankly about money can especially be awkward whenever it’s with someone you like. Based on a 2015 Credit Karma and Qualtrics survey on money and marriage, 18% of millennials and 19% of baby boomers found it hard to share money using their partner.
And a 2014 American Psychological Association study found that 31% of adults with partners said that money ended up being a major source of conflict in their relationship.
Whenever things are going well, it may appear better to prevent the funds conversation altogether. But talking to your partner about money may strengthen your relationship — along with your finances.
Step 1: discover the time that is right spot
In terms of topics that are sensitive cash, timing and location are everything. You do not want to bombard your partner as soon before you go to bed as he or she gets home or start talking about money right.
Locate a right time and place that’s comfortable for the two of you. April Masini, a relationship expert based in New York City, suggests picking a time once you’re not hurried and if you are both well-rested.
As for the location, ‘Coffee at the kitchen table or within the den is a pretext that is great place of these conversations,’ she says.
You can also start thinking about taking the cash conversation outside regarding the house. (more…)