Talking about money in a relationship is often seen as a delicate, if not taboo, subject. However, according to Sarah Benmoyal, a university professor in management sciences, addressing these issues from the beginning of the relationship is crucial to avoid future imbalances and conflicts. Why is it so important to discuss money in a relationship, and how can you go about making these discussions constructive? Here are the keys to peaceful financial management as a couple.
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Addressing money issues early in a romantic relationship can be essential in preventing future imbalances. “The first thing is that a couple very early in the relationship must talk about money”says Sarah Benmoyal, a university professor of management sciences. The researcher has found that from the beginning, couples establish financial routines that, once established, become very difficult to change. For example, if one partner finances the purchase of a car alone, this car will be considered theirs in the event of a separation, leaving the other partner with nothing. To avoid this type of situation, it is therefore crucial to clearly define financial responsibilities as early as possible. In addition to the need to talk about money from the beginning, Sarah Benmoyal advises addressing financial issues during major life stages. “When life transitions occur – having a child, being unemployed, having to buy a house – don’t hesitate to seek advice.”she judges. These pivotal moments are an opportunity to review financial agreements and adapt everyone’s contributions. Calling on professionals such as notaries, bank advisors or tax specialists can be an asset in making informed decisions and avoiding misunderstandings.
Why is it so taboo to talk about money in a relationship?
Financial education: a challenge for future generations
Talking about money is not always easy and can often lead to tensions. Sarah Benmoyal insists on the importance of learning to communicate on these subjects without it turning into conflict. “You should not hesitate to go see a therapist to learn how to talk about money together in a healthy way.”she advises. Professional support can indeed help couples express their expectations and fears. More broadly, the researcher finally mentions the importance of financial education from a young age. She suggests integrating themes around money into school curricula, in order to raise awareness among adolescents, and particularly young girls, about financial management. “Popularize this subject very early in children’s school curriculum” could help prevent financial imbalances within couples and create more independent and informed individuals.
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