3 Tips for Talking about Coronavirus-Related Financial Decisions

We are living through unprecedented times in a variety of ways due to the emergence of the coronavirus. We’re being asked to re-evaluate how we see the world and move within it. What we need to do to survive and thrive. Unsurprisingly, this can cause relationship problems – especially in a marriage.

One of the biggest concerns people have during this pandemic is the financial upheaval it can and will cause. The good news is that, if you work together, you and your partner can navigate these trying times and discuss your financial decisions openly. 

How exactly?

Here are some tips to help you talk about coronavirus-related financial decisions to help avoid the relationship problems that may arise because of it.

Accept the Current State of Affairs

For both you and your partner to be able to talk openly and honestly about financial decisions, you must first recognize that the anxiety you’re feeling is natural and that life will be different going forward.

Everyone wants a sense of control, especially when it comes to their financial situation. Recognize this desire and focus on the things you do have control over in regards to your finances. Talk with your partner about the strengths you have financially and ways you can cope and adapt together.

Communicate, Communicate, Communicate!

This tip may seem like a no-brainer. But it can also be one of the most difficult things to do in a relationship: communicate about money. Money issues add stress and strain to any relationship. So you must work to keep issues from becoming much larger problems.

Start out simple when talking about money. Identify each of your priorities, how and why you spend money, and then come up with a plan. This way, you can move forward as a team instead of ending up on opposite sides of a financial argument.

Understand Emotional Triggers That Cause Relationship Problems

Emotional triggers can be a big hurdle when discussing sensitive topics like finances with your partner. That’s because many people cope with stress (such as being asked to shelter in place!) by shopping online or overbuying supplies for the home. That can easily turn into a blame game between you and your partner. But work hard to avoid that — it will only serve to make a stressful financial situation worse.

Instead, work with your partner to identify the emotional triggers that add stress to your relationship. Then come up with some strategies to help prepare yourselves for dealing with triggers when they do arise.

Remember, coronavirus has everyone on the edge of their seats. And that uncertainty can be difficult to deal with. But if you and your partner can be a united front, then there’s nothing you can’t get through together. To learn more about how to make this a reality, contact Tim Higdon and Norene Gonsiewski.