By: Nigel Boys
According to NerdWallet, a content partner of USA TODAY, couples who do not practice good money habits end up unhappy in their relationships or separating altogether.
Here is a list of 5 things to do, regarding financial matters, if you want to stay in a healthy relationship with your partner.
- Respect your partner’s credit score.
Don’t run up a huge amount on your spouse’s credit card, expecting them to foot the bill, because, although your partner may be understanding and supportive of your needs, trouble will likely follow if you continue.
To ensure that you don’t fall into this trap, don’t allow your partner to have unlimited access to your credit. You must keep a strict check on your credit score and your partner will understand this if they do indeed love you.
- Always let your partner know what you are doing financially.
Don’t go blowing large amounts of money on things that your partner would not approve, but you can make small purchases without informing them of everything you do.
Even if you believe that it’s the right thing to do and your partner would be in agreement, always discuss with them first before making big decisions, such as a change of job or purchase of home appliances.
- Always consider your partner’s point of view and how they manage their money.
Just because it may not make sense to you, don’t make fun of your spouse’s decisions regarding money matters.
If you tend to purchase the items you need right away, but your partner is more into saving up for the more important things, discuss a compromise that will leave you both happily contented.
- Manage your own financial situation and don’t expect others to come to the rescue if you can’t.
If your partner or family helps you out because you have made a genuine financial mistake, don’t repeat that mistake again and again, expecting them to come to your aid every time.
- Don’t be piqued if your partner earns more than you do.
Especially in today’s world, where women are taking more charge of their financial situation and many earn more than their partner, it may seem like the right idea for a man to take on extra work to compete with wife.
This is completely the wrong thing to do, because it shows resentment that your partner is more financially stable than you. There’s nothing wrong with looking for a better job to improve your combined resources, but never out of resentment.