The Price of Love: Money and Dating Rulebook
Loop21 breaks down the dos of don'ts of using money in a relationship with the 3-part series, "The Price of Love."
They say that "money can’t buy you love" but love CAN cost you.
There's no question that being in a trusting, loving relationship is nothing short of thrilling. From swapping numbers to exchanging apartment keys, the milestones you reach as a couple continue to strengthen your bond. And while it’s not nearly as romantic, managing your money as a couple is another one of those milestones.
To make the love and money ride a bit more manageable Loop21 is offering 3 do’s and don’ts to help you keep your financial focus with some tender, loving care.
-DO try to give as much as you get. DON’T feel pressured to spend beyond your means.
No matter the stage of your relationship, chances are that if you’re spending time together, then you’re also spending money. From dinner dates to weekend outings, being a couple-about-town can get costly, fast. Do strive to give back to the partner who often pays by splitting checks or occasionally picking up the tab altogether.
It’s also important to avoid spending beyond your means. Maybe you can’t afford to take your date to an expensive restaurant, but you can cook at home and pick up a nice dessert, etc. Be open to the economical options that are out there. You shouldn’t have to go broke in order to prove your love.
DO talk about the details. DON’T add emotions into the mix.
When you and your significant other reach the point of shared finances it’s important to discuss the details in order to avoid problems down the line. From budget setting to accounting and bill payments, you’ll want to have an open and honest conversation about what feels fair for each of you.
One thing that you’ll be wise to leave out of the equation is emotions, as they tend to muddy up money matters. Honey, since you can’t seem to remember to take out the trash, I’ll take care of sending the rent check out before the 1st. A remark like this will feel like an attack and is anything but constructive.
DO understand that it’s normal for money to cause stress. DON’T ignore the financial fun you could be having.
Just because money can become a hot topic for your relationship, try to take comfort in the fact that stress is a completely normal reaction. Money can make things tricky, but one financial fight won’t cost you your entire relationship. Relax, take a deep breath and show mutual respect for each other as you navigate through issues together.
And remember that it doesn’t all have to be stressful. It is possible to have fun when dealing with money. Consider setting a savings goal that you two build together. Whether it’s a deposited portion of each paycheck or a growing jar of spare change, you can save (and then spend) together for a mutual, money-honey good time.
What have been your experiences with love and loot? Share your stories with us!