You love your partner so much, but then there are some instances when you end up getting into some misunderstanding with him or her. But at the same time, you can avoid these problems from getting serious and difficult to resolve when you are able to identify them and come up with a possible solution to these. After all, at the end of the day, settling your differences with your partner and making up are practical ways to deal with the issue instead of throwing the towel and just giving up on the relationship.
Some couples end up getting too concerned once money problems arise. In fact, once they consider material possessions are more important to them than their love for their partner, the relationship is compromised. But you see, you should never let monetary feuds ruin the relationship. There are always solutions to consider, which can also help you address future problems in a more practical and effective manner.
The following are some tips that may help you in case you and your partner are facing a difficult crisis involving money.
1. Get to know more about the perspective of your partner
There are individual differences that sometimes get in the way of a harmonious relationship. Your partner may not always agree on everything, but this is completely normal. It is all part of learning more about your partner and living in harmony even if there are differences with your personality, likes, and dislikes. When it comes to money, there are also differences that may arise such as your spending and saving habits, and also your own ideas when it comes to financial concerns.
Is your partner more of a saver or a spender? If you are both spenders or you are savers, then there won’t be too much of a problem. However, once the difference in your personality becomes more apparent, disagreement may arise. This is the time you should look at and analyse things by evaluating your partner’s perspectives and learning to compromise. If your partner wants to buy an expensive TV, yet you want to save money, then you may come to an agreement by getting the best deal for your purchase. Problem solved!
2. Inheritance issues may sometimes get in the way
It may seem sad, but fights and disputes involving inheritance do occur. Family members may even stop talking to each other because one gets more than the other in terms of inheritance when the parent dies. But this should not happen at all considering relationships must matter more than money.
The death of a loved one can be a very difficult situation for the people left behind. But then again, the practical aspect comes in such as the issue on inheritance. This is why lawyers sometimes find such scenario as rather tough to handle because of the fights between family members who are hoping to get a bigger share. With this in mind, it makes sense to plan ahead when it comes to estate distribution. With the client still healthy and alive, a draft of a will and a plan for the estate distribution should come in handy as these are ways to prevent disputes in the future. You may also want to appoint an individual whom you trust when it comes to conducting medical decisions in the event that you become completely handicapped or incapacitated.
3. Manage and address marital woes involving finances
A number of reasons can impact divorce, and one of these include financial problems. For couples who are suffering from tough monetary problems, they find themselves facing significant stress and tension. There are also heated quarrels that often end up in breakups, which can be very disappointing to look at. But sometimes, this issues arises because the other person fails to disclose anything about his or her financial situation. This can be very difficult and even awkward, but at the same time, you have to be transparent and honest to your partner. You will need to inform your partner about your financial obligations, assets, liabilities, outstanding debts, and income sources. By being open to your partner about these things, you can prevent sudden blowups that may result to a breakup.
In the same way, once you are fully aware of what your partner is going through, you will learn to empathise instead of look down at him or her. Blaming the other does not help at all, and you have to realise that money should never be the center of your relationship. So, instead of getting mad at your partner, be less reactive and consider a proactive way to address this financial problem. Check in with your partner as often as possible to make sure both of your financial goals are in sync and not clashing against each other.
4. Avoid disputes involving the borrower and a lender
Perhaps at times when you need to settle your monthly commitment and you do not have enough means to settle the bills, you might have turn to licensed money lender in Singapore to apply for personal loan or payday loan to help you pay up your monthly bills. However, your partner might not like the idea as he/she might have a bad impression or misconception of legal licensed money lender and often relate them together with what they called “loan sharks”.
In this case, you need to be more open about the whole situation instead of sweeping things under the rug. Always communicate with your partner at all times! Talk it out and solve it together so that you can both avoid unnecessary disputes.
5. The problem with grandparents getting in the picture
Our parents only want what’s best for us. But then, once you start to get into their personal lives, then this can create conflict in the family. You have to realise that your children are now grownups with their own lives, and you may offer some help once in a while. However, if it is more of an unsolicited advice, then you may have to think twice before giving such. Allow your adult children to run their lives and be confident of their ability to do so. A polite offer from you is fine, but learn to accept no for an answer and never insist your way on them to prevent negative reactions.
6. Prevent disputes with your friend
You care about your friend as your own brother or sister. More than anything, you just want him or her to get the best out of life and to not suffer any difficult experiences. But then again, problems are what make people stronger and more capable of moving towards better directions in the future. Perhaps you strongly disagree with the unhealthy and lavish spending habits of your friend. There is nothing more that you dislike than seeing your dear friend suffer financially. Yet, it is not a good idea either to snap at him or her because of a massive credit card bill or significant loans. This kind of reaction will only result to negative feelings affecting both you and your friend. In the end, the relationship will just suffer tremendously.
So, instead of blowing up and getting mad, why don’t you analyse the situation first? Sometimes, there must be a strong motive behind an incorrect decision, and your friend may need a listening ear and not an admonishing person reprimanding him or her like a child. Try your best to eliminate anger and be more understanding and open-minded to address the problem in a more effective and mature manner.
Put an end to disputes caused my money issues. These tips should help you live more harmoniously with your loved ones even when tight financial situations get in the way.