Tuesday, November 10, 2009

Money Was OK and Then It Wasn’t

posted by Michele Olson

In all the talk of money, finances and couples, the bent leans toward newlyweds and early marriage. Who will do what. Working it out.

Ron Lieber writing for the New York Times brings up a good point that his readers brought up to him; financial issues that come up years later in a marriage because the economy and life has changed the norm in the marriage.

Aging relatives.

Kids in college.

Job loss and revenue reduction.

After some years into a marriage you, have a lifestyle pattern. With recent economic developments, the rug can be pulled right out from under you. Your marriage needs a readjustment along with your coin purse.

The good news is, what worked for you back in the day to get your finances on track in a way that was mutually satisfying, will probably work for you again in the communication department. How did you overcome the initial stress and challenge of dealing with money as a couple? That may be the first place to reflect upon as you face new obstacles.

The current “sandwich” generation faces a tough road ahead as their parents don’t have enough money and their kids can’t find high paying jobs with mounting college debt. Communicating as a couple is going to be crucial to weathering the economic storm that many partners find themselves in. A refresher marriage education course may be just what the doctor, or should we say “the economy” ordered.

How about you? Have you been married a while and then seen your economic picture change?
How has it affected your relationship?

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