February 11, 2009
Don’t Let Money Problems Get The Better Of Relationships
Almost a third of UK couples who argue over finances have had more frequent arguments as a result of economic turmoil, showing that money worries are fraying relationships more than ever.
But there is some good news – nearly one in five couples say that the recession has prompted them to talk more openly about their finance, according to research from online payment provider PayPal. This willingness to talk openly about money will almost certainly help the one in ten couples who have seen the main breadwinner in their relationship change in the last twelve months. Almost two thirds of these couples have changed breadwinner because one of them has either lost their job or had a pay cut, while over a third have switched places following a new job, promotion or pay rise.
Carl Scheible, managing director of PayPal UK, says: “As the recession becomes reality, British couples are facing new challenges within their relationships. It’s good to see that difficult times are prompting us to talk about money, as it’s far easier to cope with financial worries when we’re open with each other about them. It’s also good to see that even in these uncertain times money is causing fewer arguments within couples in Britain than in many other countries, such as the United States and Australia.”
This research proves ones thing – talking about your money problems is much more constructive and rewarding than bottling them up. If you are hiding problems, talk to your partner and your friends, but also get some professional financial advice. Things might look black now, but once you get things out in the open you will suddenly realise you have options to solve your problems.
Remember, a problem shared is a problem halved – an adage that is important during this difficult time.
SOURCE: PayPal, 10/02/09
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