Money in relationships

Everyone wants to get to the point of total comfort. Where you can get anything you want at anytime, travel for vacations, and just basically enjoy the good life. It is not bad if you ask me.

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Recently, a friend ended her relationship just a month to her wedding. Simply because she felt her would soon-to-be husband was stingy with money. In fact when she narrated the story, she complained bitterly on how he spends money every now and then without thinking of saving part of it. He is an oil worker and he earns in 6 figures. Imagine how he spends the whole of it and becomes broke before the end of the month. He is one of the persons who believes that life is meant for enjoyed

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What is the place of money in a relationship?
Would it be surprising if i say that a lot of persons in relationships barely talk about their financial status?
A lot of men are not comfortable speaking to their partners on how much they earn especially men.
Discussing money is a crucial conversation that shouldn't be ignored if you ask me. I mean this is what you and your partner will spend the rest of your lives working to get. So why won't you both discuss about it? How can you both be on the same page on every other thing except money. I think this is mostly the reason why a lot of couples have disagreements. You both may not agree completely when it comes to what to and what not to use money for which is 100% acceptable. But talking about it for me is 1001 compulsory . Having these kind of conversations and getting to understand one another in terms of what comes into the house, what should be saved, what should be spent and for what reason helps make the couple compromise.

What money topics should be discussed?

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First and foremost for me, is savings. Ask your partner if they believe in saving for the rainy days. I am a strong believer of this notion. And if i want to have a peaceful home, i have to discuss this. Because i may want to save from the little income i get hoping that there may be need for it sometime in the future and my partner may not believe in my theory. This will cause a huge problem if both parties do not discuss about it. Understanding how you both will prioritize your available earnings will help mitigate any situation that may arise.

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Another for me is having a joint account. A lot of persons may or may not like this and it is important to discuss it. People handle money differently. There are persons who can only save when it is a joint account rather than their own individual accounts. I think that having a joint account gives you financial responsibility . As partners, you can discuss what percentage you deem fit to be put into the account every week, month or year as you both agree.

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Sharing financial responsibility is another vital discussion. For some homes, the husband pays rent, school fees and every other thing apart from feeding. The wife solely does that. Now that is a home where both parties have discussed and agreed. It's not out of place if one party does almost everything while the other supports 10%. If they both have an understanding, it is okay. The most important thing is having a mutual agreement. It is not advisable for one party to do what he or she isn't comfortable doing. That may bring problem.. So both partners should discuss the financial sharing formula and come to a conclusion amicably.

It is usually not easy to have this kind of financial conversation. But doing it is the best for relationships.

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