Relationships can difficult all by themselves, but when you add money to the mix, they can sometimes become ALMOST impossible to manage. I emphasize the word almost, because it is possible to make your relationships work, even those that involve money issues, if you ‘work’ at it.
When things are flowing smoothly in relationships, and everything is going in the same direction, like the outer circle in the diagram, you hardly notice the bumps in the road. But when they turn, or when you turn like in the inner circle, and things get out of sync, even though it's smaller, it can do permanent damage to your relationship because the whole dynamic changes. And I believe a lot of that is going on today because of high unemployment, shifts in the 'glass ceiling,' and attitude adjustments based on current economic conditions. The test of a relationship is its ability to weather the inevitable storms that come. Couples who learn to manage the money part of their relationship have the opportunity to build stronger relationships because money is such an important part of our lives and our households.
I have been studying men, women, and money relationships for a new seminar and book series, and I have discovered something very interesting – there seems to be a quiet revolution going on with the way women view their money roles. In the past, many women were very comfortable taking a back seat in managing their money, but all of that seems to be changing now. Not only have current economic conditions shown us the flaw in that strategy, but as more women take on the role of breadwinner or at least equal provider, they are also realizing the need to take on a money management role as well. After all, where's the fun in working for money, if you don’t ultimately get to make it work for you?
What do you think? Is there really a revolution going on in the way you view and manage your money, or is it all hype? If it’s not hype, what do think women need to know to feel comfortable in this expanded role? I would like to talk about it. ps