Home Couples & Money Stacey Tisdale Shares 3 Tips That Help Couples Stop Fighting About Money

Stacey Tisdale Shares 3 Tips That Help Couples Stop Fighting About Money

Money Taps into our sense of identity and emotions in ways that can be difficult to manage in relationships. In this video, behavior finance expert and sponsored partner Stacey Tisdale will help teach us how couples can create financial harmony.

Couples are in crisis in the wake of the coronavirus pandemic, with many relationships stressed to the point of breaking from COVID-19 restrictions like sheltering in place and financial problems such as severe cash shortfalls resulting from being furloughed or unemployed. Even before the lockdown, couples were struggling with their approach to handling finances in the relationship.

According to a survey by Ramsay Solutions, conflicts over money are the second leading cause of divorce.  Money taps into our sense of identity and emotions in ways that are very difficult to manage in relationships.

The following 3 tips will help you and your partner create financial harmony:

  1. Lose the notion of right and wrong: there are no right and wrong beliefs about money, just different attitudes and beliefs, and they all come from our individual experiences. To tell someone they’re wrong is telling them that your experiences are more valuable than theirs.
  2. Don’t use money as a weapon: don’t bring money into conflicts where it does not belong. If your partner is upset because you have not been spending time together, don’t say something like, “I’m busy working to pay off your bills.”
  3. Keep your money promises: This builds trust. If you say you are going to pay the cable bill this month, pay it. Even if you have to ask your spouse to lend you money. Pay the bill and the loan when you said you would.

Courageously faced, the bumps couples face on the road to financial well-being can pave a path to communication that will strengthen their bond and bring them closer together.

Stacey Tisdale
Stacey Tisdale
Founder, CEO, Executive Producer

Stacey Tisdale, a more than 20-year veteran TV broadcast financial journalist, and financial behavior expert, is one of the first women, and the first African-American to report from the New York Stock Exchange, in her role as a reporter/anchor for Dow Jones' Emmy Award-winning, Wall Street Journal Television.

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