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Make your relationship a safe place.

March 21, 2016

Here’s a great idea

Make your relationship a safe place.  When financial deception occurs, it has a negative impact.  Two in five Americans admit to committing financial infidelity against their partner, according to a new survey conducted by Harris Poll on behalf of the National Endowment for Financial Education® (NEFE®),

In other words

Hiding purchases or accounts, lying about debt, or overspending can create problems.  It’s also unfair if one partner is brown-bagging lunch and clipping coupons while the other is eating out every day and going on spending sprees. Money can be an area of power, manipulation and control. Here is the exception to being totally transparent with your partner – Individuals in an abusive relationship may need to hide money.  Financial resources are a critical component of a good safety plan.

How this applies to you

If your partner is reasonable, approach him with kindness, respect, and an open mind.  Set common financial goals and create guidelines for spending and saving. It may take time to re-build trust. Identify the reasons for the problems. Learn how to use good communication skills. Set a regular time to review finances together. If you are in an abusive relationship, it may not be possible to have a reasonable conversation about money.  Watch that your partner does not try to make you pay more than is fair or completely control your financial situation.  Learn to protect yourself financially.

To find out more

Discover good communication skills with The Marriage Garden at http://www.uaex.edu/health-living/personal-family-well-being/couples/marriage-garden.aspx

Learn more about financial management at http://www.uaex.edu/health-living/personal-finance/default.aspx

Suspect abuse? Prepare for a safe future by learning to protect yourself from a controlling partner.  National Coalition against Domestic Violence at http://www.ncadv.org/need-help/what-is-domestic-violence

 

By: Laura Hendrix

 

 

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