Expect nothing, live frugally on surprise.

Monday, October 13, 2008

Money may not buy love, but fighting about it will bankrupt your relationship.

Here's a universal truth about your money and your Partner :
"Money may not buy love, but fighting about it will bankrupt your relationship. "
How is it that people can proclaim to love one another, sleep with each other, and even have children together, yet they won't do what it takes to stop fighting about money? know why.
And deep down, you know why, too.
Couples fight about money because they have "issues."
Perhaps your partner was overindulged as a child. As an adult, he feels entitled to the best this world has to offer, regardless of whether he earns enough to pay for it all. Or maybe your partner grew up not having much of anything and now worries all the time about having enough. The result is that he's so frustratingly frugal that when he pinches a penny, he dents it.
It's the lack of communication and compromise that torpedoes relationships, not a lack of money. Many couples think that if they made more money, their financial issues would go away. They wouldn't. The problems would just become more expensive.
Once you move past the dating phase and decide to marry, it's time to change your financial relationship with your partner. It's time to be as open with him about your money as you have been with your heart -- and everything else, for that matter.
Through key points in relationships where you should stop and ask yourself some serious financial questions. This week we'll look at the beginnings; next week, I'll have advice and information for unhappier times, when, despite all good intentions, marriage is on the rocks and divorce looms. know discussing money isn't always easy. Here's what happened to one reader who tried to talk to her partner about their financial differences: "My partner and I had a discussion recently about finances during a marriage. We have been dating a significant amount of time and things are getting serious. We're talking about getting married. Well, we found we have very different points of view on finances. My concern is that he became very upset that I felt differently from her and refused to compromise. Are these deep-seated beliefs able to be changed?"
Can someone change? Sure, but it won't be easy. That's why you need to have the money conversation before you say "I do." Don't ignore the huge red flags waving in your face (he "refused to compromise"). If your fiance won't even come to the table to talk, you have big problems. Communication is first of the three C's in a relationship.
If your partner is shutting you down whenever you want to talk money, you have three choices: Stay and put up with the differences and the eventual conflicts. Walk. Or run for help. Think about it. Why would you feel uncomfortable sharing your credit report with the person you're engaged to? When you get married, you're going to be sharing every aspect of your life, so you shouldn't be embarrassed to show your loved one how you've managed your credit life, which can be key in getting insurance, a home loan, and even a job.One can imitate the other in making money and becoming ‘richest’, but one can never imitate (or rather would not want to imitate or emulate) good character. It is very difficult to do so, too, and I challenge that not everyone can do that. People don’t want to emulate or imitate anything even remotely good. They will beat even a ’superfast Shatabdi Express’ in imitating something bad at the drop of a hat! But, it is quite difficult, too, to emulate something good (in this case good character) as opposed to making more money. I am not saying here that making money is not good. Please don’t jump to conclusions! What I am saying is that ‘make money, but only what is sufficient for you and your dependents to lead a decent life’. Decent life here means whatever is required for you to survive, and may be a little more. Here I would like to quote Mahatma Gandhi, who said, "There is enough in this world for everyone’s need, but not for everyone’s greed." Don’t be greedy for money, instead be greedy (in a positive connotation) to love others; be greedy to show your love for others by helping them; and be greedy to be loved by the maximum number of people on this earth. Be greedy, but let that greed be for doing positive things, not negative!It can never quite ’balance out’ each other. You can never measure love nor compare it with money. They are both utter mismatch to each other. I don’t think humans (or scientists) have ever discovered or invented an instrument/equipment to measure the true value or depth of love. If they did, we all would only know how much each of the people around us, who claim to love us deeply, really loves us!

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