Money Matters in Relationshipsnewby.17 | February 10, 2011
According to a recent study released by the National Endowment for Financial Education three in 10 Americans say they have lied to their partner about financial matters. This dishonesty can range from lying about small purchases to having secret bank accounts. However little or small, financial matters are of critical importance to a relationship.
Taking this study into account, it may not be surprising that one of the top reasons partners mention for dissolving a relationship is because of money. Financial trust and honesty in a relationship is just as important as trust in other areas. Just as we might encourage a new couple to be honest about other areas of their life, it is important for partners to be able to be open and honest to each other about money. Money is such a volatile issue, that if it goes undiscussed or if issues go unresolved, it can lead to major problems in the future.
One of the ways to begin to be open and honest with your partner is to develop a money management plan. This includes being open and honest about where you are now financially, what are your financial goals for the future, and what is it going to take to get to those goals?
Ohio State Extension has an online study at home course that couples can go through if you are interested in working through some of these issues with your partner. If you are one of those who is guilty of not always being honest with your partner, start anew and try to open dialogue about these issues today!