People have very different views on money and quite often it can go back to our experiences in childhood. For example, if you experienced hardship in your childhood and your family were on a tight budget, perhaps because your parents split up, or maybe one of your parents suffered long-term illness.
As a result, you may be used to living on a tight budget and become anxious about falling into hardship. So you may need to ensure you spend money wisely. Or you may even take the opposite view, and spend money freely even getting into debt, just because you want the things you couldn’t have as a child.
Perhaps you were lucky to live in a family where money wasn’t an issue and you wanted for nothing, not having any money concerns.
Experiences in adulthood can also have an effect on us. A partner who got into debt, redundancy or job loss can cause all kind of money worries.
When a couple gets together it’s really worthwhile to decide how finances will be dealt with. And whilst one person may opt for being responsible for paying bills and managing the family budget, ignoring the whole thing and leaving it to the other person can lead to problems. Especially if that person becomes ill, and the other has no ideas where to start!
Honesty and openness are important. So many arguments arise because of secrecy. Credit Card debts rising to unmanageable proportions because of unrealistic spending is likely to cause stress which impacts on the relationship.
Its all too easy to put spending on the credit card promising to pay it off the next month. Payday loans are a really bad idea, even in cases of emergency. Much better to try and borrow from family or talk to your bank.