According to some research, money is the cause of 40% of all arguments in a relationship. Money issues are cited as the main issue in at least 22% of divorces, with some surveys going as high as 41%. When dealing with money, the stakes are high. Disagreements disrupt the peace…or worse.
Arguments and stressors vary. Spending habits, debt, differing savings priorities, and hidden purchases (or financial infidelity) can strain relationships to the breaking point, or make one spouse feel ignored, mistreated, or hopeless. Even if the argument isn’t specifically about money, the stress it brings can be like a cloud that hovers over every conversation and interaction, irritating the eyes and throat and keeping everyone on edge.
Money is something we all have to deal with to live in a modern economy, so the topic is unavoidable. Yet people try to avoid it, like a child who covers their eyes, thinking no one can see them. But there it is. Staring at you. Breathing into your face. Ready to pounce the moment you let down your guard.
What if you could avoid fighting about money?
While your money problems (probably) won’t go away overnight, your communication problems and hurt feelings could dissipate. And you’ll be in a better place to teach your children how to handle money.
The framework below is simple. You can start implementing it today.
But it isn’t easy.