How we handle and manage money gets cemented at a very young age, says Absa Money Wellness expert Mapalo Makhu, and every person has a distinct way of thinking about and dealing with their finances.
“In a relationship, those distinctions can be the difference between being on the same page about your household finances or having money be a constant source of conflict.”
In relationships, money is consistently the number one thing that couples fight about.
The problem with money, however, is that it the arguments are never really actually about money. Makhu says “we often use money as a stand-in for deeper issues we do not want to discuss. We argue about the expensive new leather jacket, when what we are feeling actually may go much deeper”.
Having a relationship where you can speak openly about money is very important, but it is not that easy!
So how do you talk to your partner that elephant in the room when it comes to money?
Here are some tips from Makhu to help you with that dreaded money conversation.
It is critical to just communicate. Talk about your expectations and discuss things like credit score and know where you both are financially.
Don’t miss the Absa Money Wellness conversation, every Monday just after 5pm on #TheBestDrive.
Written by: Y