Don’t squelch your spouse’s financial dreams,The Business of Marriage,Don’t squelch your spouse’s financial dreams
C ouples fight over money issues disagreeing over how money is to be earned and spent or how they should manage their investments open businesses and purchase property. Marriage after all is a “socioeconomic relationship ” with both a social side (companionship and love) and an economic side (division of labor financial partnership). These two sides interact with and influence each other.
When Differences Cause Conflict
When spouses differ significantly in their financial approaches conflict often ensues. Some people (often men) are less risk-averse than others.
“My husband is completely different from me when it comes to taking risks — he jumps in feet first. He has strong feelings that things will just work out. I on the other hand think everything will fail.”
Often spouses will have different approaches to financial uncertainty. Some people are so intent on staying “safe” that they can barely move into the future at all while some are so reckless that they fail to learn from their mistakes.
