Finances and Philosophy: Make Sure Your Share the Same Worldview

Romancipation

S3 Episode 8: Finances and Philosophy: Make Sure You Share the Same Worldview

Episode Summary

Money makes the world go around. How you view money and manage your finances will determine a significant aspect of your life. If you share similar philosophies with your partner about debt, saving, budgeting, investing and spending, you have a higher likelihood of achieving your financial goals. When two people are on the same page, they make joint decisions that end up being mutually beneficial.
If you and your partner have different priorities when it comes to family finances, you are much more likely to end up in conflict, especially if expectations are not met. Financial security can create stability in a relationship, while debt is stressful and adds pressure to a relationship. It colors every decision and often causes partners to point the finger at each other instead of working together as a unit. If you and your partner have an unhealthy relationship with money, you will need to make a concerted effort to overcome bad habits and learn economic discipline.
Moreover, money can be used as a shield or a sword. You don’t want to find yourself in a situation where one person has all of the economic power and they use it to their benefit and your detriment. Ask questions of a potential mate and get their worldview on finances. Open and honest communication about money establishes boundaries and trust.
At the end of each episode, Marlee and Lis vent about commonly experienced issues in romantic relationships. In this episode, the ladies discuss when your partner thinks humiliation or fear is funny.

Show Notes

Do you share the same financial worldview as your partner? If you and your partner are not on the same page when it comes to finances and philosophy, you will endure constant conflicts in many aspects of your life. When you discuss these aspects, you must understand the expectations of your partner—especially when it comes to money.
When money is really important to someone, it often defines their character or persona. It’s a sad but true reality. It can be a powerful tool or weapon in a relationship, so agreeing on your view of money is foundational to a strong relationship. If money is the foundation of the relationship, be honest about your contractual relationship.
People often adopt their own financial philosophy from observing what their parents have done. The philosophy of money that you grow up around influences your own philosophy, and you will either end up with the same view as your parents, or with the exact opposite view from your parents. Either way, you bring this view into your relationship.
Whether you are a spender or a saver, it’s important to know your financial boundaries and the boundaries of your partner. If you’re on different pages, you may be headed down a dark rabbit hole. You should know your partner's financial habits including spending, saving, investing, and values.
In this episode, the vent session topic is: When a person plays practical jokes on their partner and thinks humiliation or fear is funny. This type of humor is cruel and destroys trust in a relationship. It shows a lack of respect for the person who is being humiliated. It’s bullying under the guise of humor.

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