Tough Times Hard On Relationships
Relationships seem to suffer when the economy tanks. According to John Ingrisano, author of The Back to Basics Book of Money! A Couple´s Guide to Financial Peace , "marriage is an economic partnership. Money may not be the sole factor in its success or failure, but it is one of the top three." So, when couples run into financial challenges, Ingrisano told New York Life´s "What´s New," it can impact every other aspect of their relationship. "It can turn your life and your home into a domestic battleground." What can you do? Here are just some recommendations from Ingrisano, who is also director of the Family Finances Conference Center. 1. Keep the channels of communication open. Talk about your fears and concerns. Exchange points of view. 2. Share money decisions and responsibilities. Pay bills together. Discuss purchases. Most of all, discuss your options if finances become tight. Do you reduce spending (cancel a vacation, dine out less often, give up gy...