Ask Leo : How to handle Finance as a Couple?

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In a relationship of couples, sometimes the issue of how to manage the money that both will generate is a cause for discussion and discord. When this has happened, it is observed that both have a very different perception regarding money because, there is the person who prefers to maintain a level of savings while, the contrary opts to spend the money deliberately.

Starting from the point of psychology that studies the economy, an saving or consumerist behavior, it is acquired by the education we receive since childhood; That is, we inherit it because it is a pattern that we saw in our parents. Because of this, when deciding to unite our life with someone else, if the behaviors are different, uncomfortable and unexpected situations begin to develop.

According to psychologists who specialize in couple therapies, the most frequent questions that people are asked when they are going to initiate their relationship in coexistence is, if they have a bank account that one the entrance of both or failing that, each one, each Keep your independent accounts.

Daily in all countries that make up the world, couples have to face complicated economic situations. Each nation presents inflation conflicts and since COVID-19 became pandemic, economic problems are more present for it, it should always be to learn to act together because couples are a team.

However, due to these psychosocial variations, mental health specialists have been interested in study make financial decisions for the benefit of both parties.

To avoid conflicts because you do not know how to manage finances as a couple, it is very important that you talk about issues that address questions on how they will balance the income and expenses that will have because, speaking this issue is not synonymous with indiscretion or being superficial people.

It is important to highlight that, knowing how to understand these issues helps to support and strengthen the relationship as a couple since, both are clear that they are only promoting a common good to guarantee a good future that benefits them both.

For all the above, it is already clear that knowing how to handle the issue of finance as a couple, is an essential and basic action to guarantee stability. Now, to make the management adequate, I share some keys that help when mobilizing in these issues.

How much does each one win?
When we decide to make life in common with someone else it is very important to talk but above all, be honest in the financial issue. Both parties must be how much they win and spend. In some relationships, this has been a taboo subject, however, the reality is that it is far from being something that should not be touched since, when speaking clearly and honestly, trust allows everything to be more fluid.

It should be noted that, a relationship as a couple is not only to live, sleep, walk, travel, smile and eat together. When we join our lives to someone else, it is also necessary to share expenses and for this to be balanced, you must know the economic situation of both.

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What opinion do we have of money?

If we want to properly handle the issue of finance with our partner, it is important to know what each one thinks about money. To know these aspects, conversations that involve the following topics must be initiated:

Who saves or spends more?
What did our parents taught us about finance?
Is there any financial project that we want to undertake?
Savings in the medium or long term?
Do you have weaknesses for buying excessively?

It is important to note that, although this type of actions we will see during coexistence, establishing a conversation with these issues will allow us to have more clear ideas and of course, it favors the communication link we have with our partner.

What lifestyle are we going to have during the relationship?

From the first moment that coexistence begins in a couple, it should be made clear what and how will the lifestyle they will lead. Both have to agree with this point because when they are, the objectives will be executed in equal parts successfully.

Individual autonomy despite being fulfilling together

There are couple relationships that are complicated when a member begins to control all home finances. To prevent this from happening, the right thing is that each member has autonomy in her own accounts. Let us keep in mind that the goal must always be marked in having confidence. Both have to have the same level of commitment regarding home finances.

Is it preferable to have joint or individual bank accounts?

For everything to be fluid and beneficial, the ideal would be to have an account together and continue with another individually. However, the bank account joint would serve to pay for domestic services, food and other factors involving home. It is important to highlight that bank accounts is not the only important aspect to be realized, you must also settle which will be those expenses that will cover together.

If for some reason the relationship as a couple will only be supported with a single salary, it is essential to reach agreements where prudence with expenses is the main label as well as trust. Couple support is very important and although one of the two part is the only one that generates income, she should not make the other person feel less when reproaching him that they are maintaining.

In conclusion, if we want our relationship as a couple not to be affected by a finance problem, remember that the main key is in communication. We do not create in taboo issues and talk with honesty what our income is and we balance the expenses we will have.

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