- Better Borrowing (215)
- Credit History & Credit Future (30)
- Ditching Debt (41)
- Household & Family (177)
- Income & Work (60)
- Money & Finance (168)
- News (90)
- Property (52)
- Top Tips (106)
- Video & Infographics (30)
Money can be a big issue in relationships – in fact it’s the number one topic that married couples fight over. And, behind cheating, it’s the second most popular reason for a divorce. The balance of money and power can also be used in the more sinister context of domestic violence and coercive relationships. One partner restricts or denies access to financial resources in order to retain control over the other. While domestic violence (thankfully) doesn’t affect everyone, most of us have experienced the tension that the balance of money and power can create in a personal relationship. Achieving equilibrium can pave a path towards contentment and happy relationships. However, when the balance is off it can spell disaster for the future of a couple.
Most couples feel some impact on the balance of power in their relationship from the way each one earns and handles their finances. For the large majority the power balance is something that shifts continuously over time, from one partner to the other and then back again. Many different factors can influence who currently holds the “power” in the relationship and money is just one of them. However, there’s no getting away from the fact that financial issues can be difficult to deal with. These are just a few of the ways in which money can affect positions of power between two people:
Many people view the ideal relationship as one of a balance of opposites. In the context of finances this might be one partner who is very good at budgeting and financial management and another who is a higher earner. Some of us are more than happy to hand over the management of our joint finances to the other person if they are better at it and more interested in doing it. In most relationships this is fine. However, issues can arise when the person who has delegated financial responsibility simply can’t get it back. For example, the partner in control is using it to wield power and so is unwilling to allow access to key financial information – or to cash.
Money and power go hand and hand in personal relationships. If you manage to work out a way to move forward together financially then the rest of your relationship has a great chance of success too.
Amanda Gillam is Solution Loans's General Manager and has been since 2009. She is also a prolific writer on personal finance issues, and has been quoted numerous times in articles published on 3rd party websites and in press releases. Her...Read about Amanda Gillam
|This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
|The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
|This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
|This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
|This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".