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There’s an old bit of etiquette that says you shouldn’t discuss money with your friends. But what about your partner? Though you should ideally be able to cover financial topics, discussing your family’s situation can range from easy, to awkward, to downright difficult.
But communicating your issues with debt, your savings status, and your financial goals is key to achieving your money objectives and maintaining an open, honest, and communicative relationship. Poor or weakened relationships have been linked to chronic stress, which can cause a host of problems in the body, ranging from depression, to heart disease, to reduced immunity. Being open isn’t just good for your bank account—it’s good for your health and wellness, too.
Not sure how to strike up money conversations? Keep the following points in mind.
Sources: AICPA.org. Relationship Intimacy Being C... + 5
- AICPA.org. Relationship Intimacy Being Crushed by Financial Tension: AICPA Survey. February 4, 2021.
- StepChange.org. Talking to loved ones about your debt. Accessed October 27, 2022.
- MoneyHelper.org (UK). Talking to your partner about money. Accessed October 27, 2022.
- Miriam Caldwell. How To Communicate About Finances With Your Partner. The Balance. April 20, 2022.
- Melinda Opperman. How to Talk to your Spouse About Debt. Credit.org. Accessed October 27, 2022.
- American Psychological Association. Happy couples: How to avoid money arguments. 2015.
