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When you look at almost any list of what causes<\/span> conflict in a marriage<\/span><\/a>, finances are usually somewhere near the top of the list, and study after study proves why couples need to talk about money. According to a study by TD Ameritrade, 41% of divorced Gen Xers and 29% of Boomers said their<\/span> marriages ended because of disagreements about money<\/span><\/a>.<\/span><\/p>\n Another study on more than 4,500 couples in the journal<\/span> Family Relationships<\/span><\/a> found that disagreements about money early in a relationship may be the most common predictor of whether a couple ends up divorced.<\/span><\/p>\n One of the most cited studies about money and relationships was Professor Jeffrey Dew at Utah State University. He found that couples who reported disagreeing about finances once a week were over<\/span> 30% more likely to get divorced<\/span><\/a> than couples who disagreed about finances a few times a month.<\/span><\/p>\n Money might not scream romance like wedding bells, an exotic vacation, or a candlelit dinner, but aligning with your spouse financially is one of the most critical factors in a successful, long-lasting marriage.<\/span><\/p>\n And while<\/span> 70% of couples<\/span><\/a> have success with<\/span> couples counseling<\/span><\/a> when they’re having issues, openly talking about money with your partner might end up saving you hundreds, if not thousands, in therapy costs down the road.<\/span><\/p>\n Yes, yes, they do.<\/span><\/p>\n Why couples need to talk about money?<\/span><\/p>\n Couples and money matters are indispensable. When you get married, your finances are one of many things that go from a “<\/span>you<\/span><\/i> and<\/span><\/i> me”<\/span><\/i> to a “<\/span>we<\/span><\/i>.” Your assets, debt and the way that you manage money will all become part of your relationship. Even if money doesn’t come up right away during your honeymoon stage, it will. Guaranteed.<\/span><\/p>\n While there are challenging conversations about money, like when one spouse is bringing a lot of debt to the marriage or loses a job without warning, there are also many conversations about money that can build your relationship.<\/span><\/p>\n Talking about money isn’t only about budgets, conversations about bills, and stressing about higher credit cards than you planned for. Money talks can also be about goals, dreams for your future, where and when you want to retire, and the types of trips you want to go on together.<\/span><\/p>\n Those are fun conversations that are not only healthy but can also improve your relationship bond as well. <\/span><\/p>\n When you navigate the different ways to get to where you want to be, this is something you can do together. By having honest conversations about money, you’re instantly creating shared life goals, often big ones, that you can work on as a team. <\/span><\/p>\n What is a financially toxic relationship? Watch this video to know more.<\/span>Related Reading: <\/i><\/b>How Do You Talk About Money in a Relationship: Do’s and Don’t’s<\/span><\/i><\/a><\/pre>\n
<\/span>Do couples have to talk about money?<\/span><\/h2>\n
Related Reading: <\/i><\/b>How to Handle Finances Together and Improve Relationship<\/span><\/i><\/a><\/pre>\n