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Putting Our Differences Aside: Finding Unity in an Interfaith Marriage
Can our differences truly strengthen us? In a recent study[1] led by Hannah Shoaf and colleagues, they found just that; differences in religion and religious beliefs within a couple relationship can be a strength to couples. Shoaf and her team identified five core themes that couples expressed as strengths of interfaith marriages: (1) increased acceptance and tolerance, (2) opportunities for exploration, learning, and discovery, (3) an increased ability to find and build upon similarities, (4) more traditions and practices, and (5) strengthened personal faith. With an increase in interfaith relationships, it is important to learn how couples navigate difficult topics – such as religion – and develop strength and resiliency.
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Preparing Kids for Their Financial Future: The Influence of Your Example
Many individuals and families find themselves in a precarious financial situation these days, especially as the cost of receiving education increases,[1] housing prices rise,[2] and living expenses climb.[3] In all the hustle and bustle of just trying to survive financially themselves, some parents may be curious about or even become distraught when thinking about how they should prepare their children for a financial future. Some parents may try their best to have discussions about finances and actively teach their children, while others may label financial discussions as “adult topics” and try to shield their children from the stressful reality of money management.
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What’s Mine is Yours and What’s Yours is Mine
Before getting married, my now husband and I often discussed our financial future. We chose from the start to have “all things in common,” (Acts 2:44)[1] financially that is, by combining our financial resources. That was a difficult and time-consuming decision for us. The reality is that finances are a huge part of any married couple’s relationship yet far too few individuals discuss the details of their financial goals and attitudes before tying the knot.[2] Having these discussions is beneficial because how couples choose to manage their finances from the beginning can have a long-lasting impact on their future marriage.[3], [4], [5]
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Financial Issues With Your Partner—Doomed for Divorce?
Dr. Jeff Dew and colleagues’ article entitled Examining the Relationship Between Financial Issues and Divorce found that financial disagreements predicted divorce more strongly than other common types of disagreements (i.e., household tasks or time spent together).[1] This shows that money can be a real issue in relationships and take a serious toll on marriage. Another study explains that most marriages experience “financial conflict, strain, or stress” to one degree or another. Thus, it is important for couples to learn how to deal with these struggles and manage stress related to finances.[2] Dew and colleagues found that calm communication, overall marital satisfaction, and financial equality were important for a marriage to thrive. By cultivating healthy communication, managing expectations, and working as equal partners, couples can successfully navigate financial difficulties and claim joy in their lives together.
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Power and Partnership: Developing Equal Financial Power in Your Relationship
In marriage, numerous factors come into play determining power dynamics, or who holds what amount of power in the relationship. From work stress, intimacy, and social lives, there is much to balance within a marriage. Yet, in this complexity, have you ever paused to consider how your financial behaviors as a couple might be affecting your marriage? In this article, we will delve into the often-overlooked connection between financial behaviors and marital dynamics, shedding light on how our financial decisions may shape the delicate balance of power in our relationships, (hopefully) contributing to equal partnership.
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Illuminating a Positive Path Forward: Navigating a Double Standard in the Influence of Work-Family Spillover and Financial Distress on Marital Satisfaction
As evidenced by numerous research studies, financial distress often negatively impacts relationship satisfaction.[1] Work-family spillover may be one potential reason for this association. Work-family spillover refers to the spillover of work stresses to family life (such as working overtime or bringing work home), as well as the spillover of family stresses to work (such as bringing family issues to work). Toby Driggs, Dr. Ashley LeBaron-Black, and colleagues analyzed how work-family spillover is related to financial distress and relationship satisfaction for newlywed dual-earner couples.[2] They found that although work-family spillover can be harmful to a relationship when paired with financial distress, couples can adjust to overcome this difficulty and come out stronger.
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Money and Sex: The Dance of Newlywed Bliss
Picture this: Maui, Maldives, or Mexico. You and your spouse are newlyweds basking in the glow of marital bliss. The sun on your skin, the breeze flowing through your hair, the scent of the salty sea air, the sound of your spouse counting your money to prepare the weekly budget—wait what? In their research study, Matthew Saxey, Dr. Ashley LeBaron-Black, and colleagues discovered that the way couples manage their money together could impact their sex lives.[1]
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For Husbands Only? The Role of Couple Communication in Financial Stress and Marital Quality
It might feel like common sense that as a couple experiences more financial stress, they would probably experience difficulty in their marriage and their marital quality could go down. Makes sense, right? This situation might resonate with you because you have personally experienced it; perhaps you’re newly married and all the financial demands of married life have suddenly become very real. Or perhaps you’ve been married for a while now, and everything has been fine until one of you loses your job. Being married may not feel as fulfilling in these moments. However, there is reason to hope that things can get better, and that marital quality will rise again.
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Becoming an Adult—What Does That Mean?
Life is often ironic. As a young child, I always wanted to grow up. I was constantly looking forward to my next birthday and getting a little bit taller so I could finally go on that one amusement park ride. Now as an emerging adult, life is more complex, and financial responsibility tends to just increase with each new trip around the sun. Life is full of decisions related to housing, friends, a career, and what kind of person you want to become. The fact that everything costs money and bills are a new constant can often feel daunting and overwhelming. While achieving adult status can be rewarding and fulfilling, it is in moments like these that I sometimes find myself thinking it would be nice to go back to being a child again.
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Perceptions in Couple Finances: What Do You $ee?
Finances will always be an important topic for couples. Dr. Heather Kelley and colleagues recently studied how spouses’ perceptions of each other’s financial behavior are linked to marital well-being.[1] They found that how a couple views each other’s spending decisions can impact their relationship. Specifically, perceiving one’s partner as a spender negatively impacted marital satisfaction, commitment, and power for both spouses. In addition, viewing one’s partner as a saver was detrimental for the marital commitment and power of each spouse.1 This article will explore more of Kelley’s findings and discuss couple dynamics and perceptions as they relate to spending, saving, and communicating about money.
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About Ashley LeBaron-Black
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Meet The Team
Too often academics live in an ivory tower. They spend months or years conducting a study with insightful results, only for a few other researchers to ever hear about it. We’d like to change that. The purpose of this website is to share research findings in an easy-to-read and easy-to-apply format. This is your one-stop-destination for understanding family finance research for parents, couples, and emerging adults. We hope to see you frequently.
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