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Last Updated on August 4, 2022 by Joshua Isibor

Everyone knows that there are reasons why money matters in a relationship. It’s something you can just debate, it is crucial and it’s one of the reasons for some relationship breakups. They said that “love is sweet  but having money makes it sweeter than honey.” Sometimes, we fall in love without breaks leaving every piece in us more vulnerable to certain things. We don’t talk about things like MONEY cause we don’t know our different views on that. We don’t want to offend the other partner because they might have little or no cash to contribute.

But no matter how we try to avoid it, it becomes burdensome in a long run; It becomes a hurdle that can be broken or takes time to break, and sometimes, it leads to breakup or divorce. So, there are things we have to sit down and plan before taking off on the journey of love and MONEY is one of them.


1. Money solves some of the problems:

Money only can make life easier, and without this money, it becomes too hard. It gives you the comfort you need and it solves some of our problems like food, shelter, education, health, travel, entertainment, and so on. Money can always buy a better version of something that might be uncomfortable.

But in a situation where only one person pays the price, it becomes a problem. they said “more money, more problems” but sometimes, we create the problems ourselves; One might be working for money and the other just sit and spend.

But in a situation where the two contribute, it becomes easier and achievable. Life becomes easy and little things don’t scare you because you know that “two are involved” and it keeps the bond stronger than before.

2. It helps you to know your partner and your lifestyle inflation.

What does it mean? Lifestyle inflation refers to an increase in spending when an individual’s income goes up.

Lifestyle tends to become greater every time an individual gets a raise and can make it difficult to get out of debt, save for retirement, or meet other big-picture financial goals.

What I meant to say is: that it gives you room to know how you two spend money when there is more money, when you are being promoted in your workplace, or having extra cash.

So it helps you two to sit and talk about it, and set up plans over working toward financial independence by saving more.

It is possible to avoid lifestyle inflation by consciously establishing spending and saving amounts. Avoiding lifestyle inflation can mean achieving financial independence at a younger age, and having financial flexibility.

This boosts your relationship and helps you two to understand how money works best and how you can plan for a better future together and avoid a lot of money issues.

3. Couples that have money tend to settle things without argument or getting worked up.

It saves a lot of headaches in a relationship and makes work easier and issues are avoided when couples have money.

Instead of fighting or taxing the other person or making the one that provides feel so burdened as the only source in the relationship or marriage, it brings harmony cause ‘two hands are on deck.’

In this situation, everyone knows one’s role in terms of providing. Deciding together what goals you want to save for and what goods and services you want to spend your money on can make for a much more satisfying conversation than being worked up.


4. Personality

Personality can play a big role in discussions and habits about money. Even if both partners are debt-free, the age-old conflict between spenders and savers can play out in multiple ways.

It is important to know what your money personality is, as well as that of your partner, and to discuss these differences openly.

Briefly, some people are natural savers who may be viewed as cheapskates and risk-averse, some are big spenders and like to make a statement, and others take pleasure in shopping and buying. Others rack up debt—often mindlessly—while some are natural investors who delay satisfaction for future self-sufficiency.

Many of us may display more than one of these characteristics at given times, but will usually revert to one main type. Whichever profile you and your spouse most resemble, it’s best to recognize bad habits and address and moderate them.

5. It helps partners to build a financial future together.

Planning for a shared financial future is key for all couples, whether you’re married or not. As soon as you know you’re in a committed relationship for the long haul, it’s a good idea for you and your partner to start planning for the future.

It helps you to know how you will live, spend money, build assets, the investment involved, what you’re saving for, your financial goals, managing your expenses, debts incurred, whether it is time to have kids or how much is involved in raising kids and other wonderful things that come with life.

There are things we wanna do in the future and if we don’t have that financial plan or goals together, it becomes harder and issues might start settling in.

6. It gives peace of mind

Who doesn’t want to go around the world without thinking about a hunk of problems piling up and waiting for you?

We all want a good life and when you work hard for it, you get it rather than torturing your mind and being stressed out.

You take your time and do things in the way you want, give your family the best, run a charity home, or help out and enjoy life to the fullest.

when you are financially stable you tend to have fewer worries and this would eventually leads to peace of mind.


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