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Welcome to our WealthStyles segment – your online access to approachable ideas about financial planning with a lifestyle and life event approach.


Living as a Couple - Understanding your partner's money personality

Introduction
It is an interesting dynamic of couplehood: most people choose a partner whose "money personality" is exactly opposite of their own - and, says Olivia Mellan, a money psychology specialist, if they don't, they will actually create each others opposite over time.

Peaceful compromise is possible
When two opposites marry, or after two similar personalities marry and then disperse to their opposing camps, a power struggle phase ensues, says Mellan. "This is where people lock in and attack each other."

To thaw relations and make some progress, says Mellan, both partners need to acknowledge what they envy or appreciate about the other person's money style. This is challenging for many couples because most people are afraid of the consequences.

For the full article, click here (PDF format)