Money Coaching for Couples
Posted on January 22, 2014 by Kannan Santhanam, One of Thousands of Money and Finance Coaches on Noomii.
Money Coaching helps Couples discover and understand conflicting money behaviour patterns and communicate in situations of disagreement caused by them
There has been a lot of debate, in recent times about the top causes for marriages to end up in a divorce. The pecking order of causes changes, from time to time and from one author to another. I am not, for a moment suggesting that money is or could be the only reason for a divorce – however, it could be one of the reasons for lack of compatibility, eventually leading to a divorce.
So, the crux of the matter is compatibility amongst the two. Is any couple 100% compatible? Perhaps, not. But, compatibility is not only about shared values but also about the ability to handle conflicts – thus leading to a state of equilibrium.
In today’s context, behavior towards money, of the two in a relationship must support this equilibrium across the several dimensions – physical, social and romantic to emotional, intellectual and spiritual.
And, here lies the catch. The two may behave towards money in ways that are quite different. This may be because they may have inherited differing patterns of money behavior from their parents.
This situation could well lead to several conflicts. The two may have difficulty in assuming or supporting financial roles. Or, communicating with each other on money matters. One may, consciously or unconsciously impose a set of rules of money behavior on the other. Or, jockey for control and power. Or, feel angry, resent or fear the other. As financial needs multiply, from one milestone to another, conflicts could get accentuated. This leads to a state of disequilibrium due to lack of financial safety because of these conflicts.
Here’s where Money Coaching for Couples comes in. It is important for both in a relationship to understand each other’s patterns of behavior towards money. Money Coaching for Couples enables them to discover what is common between them in terms of money behavior. More importantly, it helps couples to communicate in situations of disagreement caused by conflicting patterns of behavior manifested by them, from time to time.
