Dealing with relationship problems occuring due to financial crisis -- an article by Leena Paranjpe

 

Are you experiencing financial problems in the wake of pandemic?

The Covid-19 pandemic has reshaped our personal relationships in an unprecedented way forcing us to live closer together with some people and further apart from others. Most notably the high-pressure environment of confinement, combined with the financial stress brought about by the Covid-19 has burdened the economy, giving rise to marital conflict.  Financial problems pose a great deal of stress in any relationship. Marriage is a long-term commitment but many times the foundation tumbles due to daily conflicts about finance and money that may slowly turn the relationship bitter.

It is necessary for couples to recognize their financial goals together.

How to avoid financial arguments in your marriage

·         When you are in disturbing marriage things automatically turns more and more toxic due to the daily arguments you have with your spouse.

·         Managing money is complicated. It’s natural to have conflicts that will erupt.

·         To find solutions, communication and teamwork is the key.

·         Couples should start addressing financial issues at the beginning of their relationship to the smooth functioning of their marriage. The earlier issues are solved the better.

·         Conflicts are not easy to deal with. When you get hitched, map your finances along the line and aim at financial goals you both are comfortable in.

·         Different individuals have a different perspective on savings and expenditures and this all the more necessary to keep in mind in marriage.

·         You might be very different from your spouse. Your idea about money might be practical, whereas your spouse might be superficial and a dreamer.

·         To respect each other’s choices is to build a happy marriage.

Important to tips to deal with the on-going money conflict in your marriage  

Be Transparent About Your Finances

Your spouse should be a best friend just like a captain has his first mate.

There should be absolutely no secrets in a marital bond. When you are transparent and open about your personal goals and share them together, you build the marriage stronger.

It is difficult to actually share your space when you’ve been living alone too long. Marriage comes with adjustments, caring, and understanding. Being flexible is the key.

Both of your payrolls and expenditures should be crystal clear in front of each other.

That is how you plan your financial goals together.

Never Hide Debt

When you take the decision of getting hitched, remember that concealing your problems from your spouse as not to the trouble they can prove to be a great threat for your marriage. Keeping credit cards and accounts from your partner are almost the same as of physical infidelity. Whether it’s home loan, student loan or any other credit, your partner should always have a good knowledge about the finances.

Do Not Powerplay

“My money is my money and not yours!”

Financial arguments often have these kinds of sentences as verbal outbursts. This happens when one partner is working and the other help as a house maker. Financial conflicts can often be attributed to one’s background and the perception of money by the individual. Marriage comes with responsibilities both social and economic. It is for you to support your spouse in every way possible.

When you figure out that money has taken up almost all of your space in the relationship and you are facing disruptions, it is then time to act.

As I always say, patience is the key to every problem. With perseverance and endurance, you can win everything.

By LeenaParanjpe

A certified marriage coach