The No#1 Contributor When It Comes To Breakups And Divorce Is

Money, you know that green stuff that’s hard to get, but makes the world go around. Yes you heard right, money issues is on the top of the list, the key contributor that leads to fights, breakups, separation, and ultimately divorce.

Without a doubt, the differences in opinion vary when it comes to money management between partners, and it’s the main reason why it can dissolve a relationship.

In fact, it could be your very first date, and you find out they’re a cheapskate, or you could be living common law, and your partner is constantly borrowing or stealing money from you.

Money and it’s transparency, has the most powerful influence over people and their love life. You may have a habit of being completely reckless at spending cash, and negligent when it comes to financial planning.

What this creates is a negative effect on your partner, and quickly shortens the lifespan of an otherwise perfect relationship.

Poor Money Management
There’s really no quick fix or an easy algorithm that you can apply to determine how efficient, or how bad you are as a money manager.

There are signs however, indicators and clues which are “red flags,” when it comes to your habits of wanting to spend or hoard money.

Signs You May Have Bad Money Management Habits
• You constantly accumulate credit card debt that you don’t bother paying off monthly, even if your salary can cover it, you don’t care
• Even if you have money in the bank, you’re still always chronically worried about money
• You’re an impulsive shopper where you have a penchant for buying expensive things. You then get home, and don’t know why you even bought it
• You drive around in an expensive car attached with a loan that you know you can’t afford, while you don’t yet own a condo or a home
• You have some type of loan, that you’re paying off other than a student loan, car loan, or a mortgage
• Someone at one time or another who is close to you, such as a partner or your parents, has repeatedly and continuously expressed concern when it comes to the way that you spend and handle money

The Two Attitudes Of Money
There are two distinct attitudes, when it comes to money. These different viewpoints also aren’t that much reconcilable, as they’re polar opposites.

This is the reason why it’s critical that couples, especially newly weds, need to learn to agree to disagree when it comes to their particular “money” personality. This way, the futile and endless fights over money should cease to some extent.

1 – Those Who Like To Save
Often viewed by their partner as a “cheapskate.” Money is so valuable to them that they believe it should be cherished, hoarded, and worshiped. The saving of it, gives these individuals a gratifying sense of stability and accomplishment.

They believe that it’s better not to spend any of it, and just invest it, which is noble. Since money is so precious to them, once any of it is spent, it’s with the utmost circumspection.

So any gratuitous or frivolous purchases which can’t be justified, is rigorously avoided. Any self indulgent or unnecessary expenditure, is kept completely under control.

Money at all times, needs to be handled as wisely as possible with great restraint and discretion. Having achieved considerable wealth, doesn’t constitute reason to profligate.

Regardless of any material circumstances, money is something that should be held on to. The value of money lies in not spending it, but rather in saving it.

2 – Those Who Like Too Spend
Viewed as “compulsive shoppers” by their partner. Money is an “easy come easy go” liquid commodity which can, and should be spent in a variety of ways to increase their personal satisfaction, to fill a void in their self-esteem.

Money when available to them, should always be exchanged for goods and services, given away as gifts, as it further contributes to their well being and happiness.

Because of the availability of credit, they don’t care how much something costs, as they can just charge it on their credit card.

They just buy whatever they desire the most, this for instant gratification. The value of any amount of money, just emanates how spendable it is.

How To Handle Money For The Chronic Spenders
If you realize that you may have issues when it comes to managing your money, or you, your partner, and anyone else close to you are constantly arguing about your money spending habits, then take notes.

When combined with the struggling economy, it creates a volatile cocktail which compounds to make things even worse. If you realize that your money management methods is becoming an issue, then it’s recommended that you confront the situation as soon as possible.

Improving Your Money Management Skills
There are a few immediate behaviors which you can engage in, to improve your poor money management skills.
• Begin by doing diligent research on money saving tips, by going online or to the local bookstore or library, and find information which specifically focuses on the psychology and management of chronic money spending
• Absorb as much information as possible, and have a discussion with your significant other. Decide to make a vow, that you’ll change your poor money management habits
• Create a Financial Management Plan. When applying this, identify the top two or three most significant money issues you’re having, and find a solution for each of them

Also come up with a firm deadline, on when the particular problem will be resolved. Make sure that you’re as specific and detailed as possible.

Just Talk About It
When it comes to effective money management and it’s related problems, open up and just talk about it. You can talk with your bank, parents, friends, and other couples. Ask them if they have similar issues. They most likely will, so ask them how they’re handling it.

This process of working out your issues yourself, is known as “conductive interviews.” This since what you’re essentially doing, is wanting and seeking out answers as well as ideas from others.

Ideas that you can potentially apply to your own money management problems, and then improve your circumstances and situation as a result.

What you need to do, is apply true commitment to make positive changes. It’s up to you to improve your money management skills, which protects the longevity of your relationships.

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