Wednesday, January 10, 2007

What a relief: talking about money

Making money involves talking about it; you will be amazed at how you feel after talking about money with your partner or family.

A sense of calm and comfort is what I felt, peace of mind from knowing where one stands, the need to assume what the other feels about money no longer needed. Assumption, if you care to know is a horrible thing, because it disappoints almost all the time. In other words, assumption is the mother of all mess-ups.

When you assume something about another, you are taking a risk - a poor one too - that your choice or actions will be acceptable. More so, when it concerns money, because people and the way they feel and react to money is unreliable.

In a relationship or family, assuming about money can bring about a lot of pain. A proven fact supported by several studies that have shown that peoples feelings towards money is a main cause of divorce and an unpleasant home.

How do you make sure this does not happen to you? By sharing your feelings about money with your partner and family, letting them know what money means to you, your experiences, and values passed down by your parents.

Studies show a healthy relationship and family requires that you understand your partner's money mind-set, not only the big philosophical issues, but also the little things too. Like each person's spending and saving habits. It is also important to talk current financial state of affairs. For example, are they gambling their life away, a debtor to every man and his dog?

Having a realistic chat about how you feel about money does two things. First, it brings about transparency on where one stands, and secondly, it helps the relationship / family focus on what matters most.

It also helps create a united force, making it easier to solve any money problems present, and earning more money. And because you are able to talk freely, share ideas, and where required lend support, you end up having a healthy relationship / family environment.

2 comments:

Alan from Olympic Debt Specialists, LLC said...

The discussion of money has to include talking about debt. It's imperative to identify how much we spend. Many of my clients know what they make, but don't have a clue about their monthly expenses. To insure their financial future, they need to be aware of what they spend compared to what they make.
http://olympicdebtspecialists.blogspot.com/

Seyi said...

Yes, could not agree more.

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