Five tips how money can improve your love life

in #people6 years ago

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I do not know what you thought, but we'll talk about something else. Love with money is not bought. But money can destroy love. According to Money Magazine, couples are fighting for more money than for sex. Snoring, what will be for dinner, how long they spend together and where the children will learn are far behind in the ranking of the causes of heated disputes.

This is why this time in the series "Finance for Non-Financiers" in the blog of UniCredit Bulbank we will present some of our verified and practical ideas for smart money management of couples. We can hardly claim to have saved someone's relationship, but we can certainly help to reduce the scandal of money.

Speak before the knife rests against the bone

Years ago, a Bulgarian who had settled in America had then brought his future American woman to Bulgaria to present her to her parents. I ask him, "How are you," and he says, "We have to go to the next level of relationship, I hope it will happen." "What next level, this is not your video game (it's aut .: it's IT), you have already offered her and she said" yes "?" I ask in a puzzling voice. And he says, "We have to make the talk about our money." Apparently, he had received the "conversation," since 15 years later he was still happily married with two children and a house with six bedrooms and four bathrooms.

The Wall Street Journal warns that not talking about money in the couple can cost you a lot. Surveys show that most money disputes are in the middle of a discussion on a totally different subject and are naturally loaded with a greater deal of personal emotions than a realistic judgmentof the situation. So the better option for couples is to get to that "level" for the money, to sit down and discuss the topic. The Wall Street Journal gives a tone for such a conversation with a few questions you can ask yourself: "What is your most painful memory of money?", "What are the three most important lessons for the money you have learned of your parents? " Given that the subject of money seems to be beginning to become interesting for school education, parents may not have so much experience. Still, sit down and talk calmly.

Make your family budget

The budget has the fame of something very scary and complicated, just like the hypotenuse in Branislav Nusic's autobiography. But as the square of the hypotenuse is simply a sum of the squares on both sides of the rectangular triangle, and the budget is actually composed of only two things: revenue and expenditure. The key questions are what kind of moneythey include - salaries, rents, fees, etc., what they go out - rents, loan installments, telephone, electricity, etc. and what we do with what's left - investing, saving, spending on entertainment, and more. In this exercise, some will find that their individual costs are decreasing: for example, if they both paid rent before, there will be only one rental. For others who have lived with parents so far, the cost will increase. In any case, the clarity about your financial situation, even if it is not flowering at the moment, is more useful for the relationship from the darkness of the uncertainty.

Agree which bills will pay

Some couples can be understood without words, but most lovers probably have to decide who will pay the electricity to stay out of the candles one night - a situation that may actually be an unexpectedly romantic experience. There is no proper formula for how to divide responsibilities - electricity, steam, taxes, gas, etc. It is important that both sides have a sense of justice.

To avoid asking yourself every month about who will pay for the steam or electricity will help automate their payment. The good banks will take care to do it for you. If you first want to see the bill and then make a payment, which is also reasonable, it can be as fast as you use online or mobile banking. Both allow you to make a template for different payments to be used each month. One who had been known for so long spent his wife's wife from Mozambique while she was leasing the family car in Poland

Shared, split, or mixed budget

According to my personal banker, a relationship based on love is an expression of infinite and supreme trust outside of health, the next highest form of trust is finance. Telling your partner honestly is part of this trust. Everyone with their own account, with a common bill or something in the middle - if there is a sense of justice, every decision is right. Generally speaking, however, experts say that the link is best to have a significant share of total finances, and at the same time everyone has the freedom to make individual purchases for things that are important to him - a monthly fitness card, a book by Amazon , cosmetics, dance classes, English, etc. Here comes the fundamental and often critical question of how much it gets and how it contributes to the overall costs.

Set your overall financial goals for high costs and investments

If one of you offers to dine outdoors because he wants to save on skiing in Austria and the other one at the same time dreams of a vacation to the Maldives, the conflict is inevitable. Major cost decisions such as home mortgages, investment in expensive education, vacation, lease of a new car and the like must be taken with complete unanimity. These are spending that will have a long-term impact on the family budget, and couples planning their love to continue can not close their eyes to making the decision. The same applies to investment. It is good for both partners to align their knowledge and understanding of how they will invest or save - through a mutual fund, deposit, real estate, land, a combination of different instruments, and so on. - what profit they expect, and no matter what the risk is. Imagine the following situation: the man in the family proposes to invest a little savings in a stock of European companies' shares in anticipation of their cost to rise because of the economic recovery, but instead falls as it is now. If the woman did not expect that there is such a risk, the cause of a family scandal is ready.

Bonus advice: Plan how to fund unexpected costs - flood, broken car, school trip for the child, etc. It turns out that unforeseen costs appear quite regularly. Emotional stress on the topic "where to find the money" you can avoid, can turn into love energy with which to connect.

Last but not least: 60% of spouses check their balance on their bank account more often than they do love (Money Money data). It is true that with mobile and online banking it is possible 24 hours, 7 days a week. But you have so much to tell your relatives: "I love you." You do not need money for that.

Source: PsychCentral.com

Source Images: https://pixabay.com

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