The Free Press Journal

Those shopping bags can kill your marriage

Talk to your spouse about their spending behaviour to avoid conflict

- AGENCIES

Dear husbands, if your wives are spendthrif­t then you may have to communicat­e about finances, especially early in marriage to avoid financial and marriage conflicts, warns a study.

According to researcher­s, when a husband thinks his wife spends too much money, whether it is a reality or perception, financial and marriage problems follow.The researcher­s suggest that no matter what the perception­s or realities are exactly, if finances are causing problems in a marriage, help is possible.

“The fact that spouses’ perception­s of each other’s spending behaviours were so predictive of financial conflict suggests that when it comes to the impact of finances on relationsh­ips, perception­s may be just as important, if not more important, than reality,” said co-author of the study Ashley LeBaron from Brigham Young University.

The study found that for husbands, having a wife who they saw as a spender was the highest contributo­r to financial conflict.For wives, having a husband who viewed them as a spender was the highest contributo­r to financial conflict.This was seen for couples with high incomes and low incomes as well as with couples who spent a lot and those who did not spend much at all. The views were completely relative to perception.”Couples need to communicat­e about finances, especially early in marriage,” said Sonya Britt-Lutter from Kansas State University in Manhattan, US.

The study showed that circumstan­ces weren’t the issue here, perception was, and perception doesn’t always change when circumstan­ces do.The study analysed 700 families nearly 700 families from two locations.

The findings indicated 90 percent of women and 85 percent of men reported that they experience­d some kind of financial worries.The research appears in the Journal of Financial Planning.

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