For Love Or Money - How Do You Mix Love and Money Planning

Many couples have money problems. These challenges do not necessarily arise as a result of lack of money, because it exists between rich, poor and even middle class couples. So what causes money problems and how can money problem s be promptly and wisely resolved so it doesn't cause damage to the relationship?

Financial problem mostly arises as a result of the differences in the way individuals view money, and the way a person views money determines how that person thinks money should be used. A person's perception of money is usually created by immediate family members and past experiences. When two people enter a relationship, they come with their individual views of money, and if they fail to jointly review their views of money, then the predictable result would be money problems!

Here are some ways different individuals view money -

1. For the short term - These people believe life is short and there is no point resisting any of the good things of live just to save for a future that might never come. Such people will buy anything that takes their fancy irrespective of how much it cost, and are the favorite customers of credit card companies.

2. For the long term - This is the other extreme. These people believe it is risky to go into the future without amassing as much wealth as they possibly can. They save every day, and almost every dime, they deny themselves any form of luxury and live life with the 'basic necessities'

3. In limited supply - These people believe that there is never enough money to go round. They do everything to get as much money as they can, and a very unwilling to spend a dime. Charity does not exist in their dictionary and they think critically before making any 'big' purchase.

4. In abundant supply - As you might have already guessed, this folks are at the other end of the 'limited supply' thinkers. They believe there is more than enough to go round and they give freely to friends and strangers, sometimes without even knowing when they would get the next inflow of cash.

5. Money is power - This people feel good when they have money, and feel miserable when they don't. They are usually manipulative, and would go to any extent to have and keep money.

There are individuals whose view are a combination of two or more of those listed above, or whose view do not reach the listed extremes . There are actually as many views of money as there are people, but I have tried to list the most common views of money.

The key to financial peace in your relationship is for each individual to locate and acknowledge his/her view of money. The couple then needs to define a new or combined view, and set financial goals to stay on track. You could even enlist the services of a financial adviser if needed.

Smart people live for today, and tomorrow, you view of money should be a means to live comfortably today, and to be secure for tomorrow.

Thanks for Reading
Dee.