Reasons You and Your Spouse Shouldn’t Fight Over How To Manage Money
Do you and your spouse ever fight over how to manage money? If so, please read on to see what damage this may be causing to your marriage. It may be a lot more than you realize.
A study done by the American Institute of Certified Public Accountants, reported that approximately 27% of Americans say that a disagreement about financial issues, usually blows up into an argument. This issue tops the list of other causes of arguments like children, work, household chores, and friends. This not only applies to married couples but also to cohabiting couples as well.
Spousal arguments are never easy, but arguments over money tend to be more distressful and generally linger on. Another study that was done by the Utah State University, found that disagreements that occurred once a week between married couples, over how to manage money, would end up in divorce twice as likely as those that argued less than once a month. Big difference.
This is due in part because arguments over how to manage money generally include more than just finances. Money has come to represent so many other things such as power, control, love, freedom, and even self esteem. Decisions made concerning money, are very personal, and this is why those can lead to nasty fights.