The importance of managing money at home

The complexity and importance of the economic aspects in the couple’s relationship determine, to a large extent, the course that the life project of that union will take, affirmed Patricia Meraz Ríos, from the doctorate in Psychology at the Autonomous University of Mexico.

Speaking about the first results of his doctoral research entitled Purses and wallets: psychological implications related to the management of family finances, he highlighted that the marriages Y the families are exposed to multiple economic and financial decisions that affect both their wallets and their lives.

In fact, he pointed out, the love and money relationship is born from the moment a man and a woman decide to live together, therefore, it can be affirmed that in this relationship relationships are built from the management and administration of capital.
«The meaning given to economic resources within the family defines values, loyalties and needs», pointed out the also academic of the Faculty of Psychology (PF) of the UNAM.

Hence, in financial practices like the purchase of the pantry, a complex network of emotional relationships and family constructions is implicit, he exemplified. This seemingly routine occurrence illustrates how mercantile exchanges intersect with sociocultural signs, practices, and meanings, she argued.

These issues manifest themselves in everyday conversations and speeches; in the value that each member of the couple attributes to money; in decision-making, administration and distribution of capital and, in general, in the management of finances, he specified.

Likewise, he added, it represents the way in which the members of this affective society complement each other, relate and give meaning to his life. However, it is an issue that is often not addressed, which impacts the bond, the emotions and their expectations.

Therefore, budget and wealth management, in addition to being a matter related to administration and domestic economy, reveals the socio-cultural relationships established by couples to satisfy their needs, build their realities and project their aspirations.

EVERYDAY ISSUES

So, financial matters are manifested in everyday conversations and speeches, but in the form of complaints, claims or reproaches. In this way, he pointed out, money becomes a source of conflicts, truths and the satisfaction of needs, because decision-making in the home depends on the practices of administration and distribution of this resource.

CONSENSUS

Among the first results obtained, it has been found that in couples who do not report financial difficulties there is management with consensual or shared decisions; There is a balance between negotiations and power management, in addition to financial transparency and control of expenses and consumption, unlike those that report difficulties, where hidden information about income or expenses is observed, and an imbalance in the access, control and disposition of money, concluded.

Related note: Six mistakes that lead to divorce, here.

Source: Yahoo

Have you had problems in your relationship because of handling money?