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How To Navigate a Relationship With Someone From a Different Financial Background

Author: Cody Bay

Contributions by: Dr. Cherry, CFT-I™, CFP® & Ed Coambs, CFP®, LMFT, CFT-I™



It may not seem like a big deal when you fall in love with someone who grew up in a different economic situation than you. You have shared interests, values and qualities that brought you together, and those will carry you through when you encounter your differences.


Right?


That would be great, but as relationships progress into stages where you’re faced with making important financial decisions together, these differences can become more glaring and more challenging. Even small habits can become contentious, like whether you’re buying premium or budget brands at the grocery store or how much to spend on a birthday gift.


The growing field of financial therapy is helping to acknowledge and address the fact that how a person approaches spending, budgeting and saving often comes from deep-rooted memories, past experiences and traumas — and that it’s all part of the package when it comes to relating to your partner.


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