How Love And Money Go Together

Love and money do go together

Financial stability is important to finding and reinforcing love in a world that operates through money. Good financial health benefits you and your partner.

PLEASE SEE DISCLAIMER

Nothing in this article is financial advice. Visit with a licensed financial advisor concerning any money-related decisions.

In a previous article entitled, How To Find Love Using Feng Shui Correctly, I describe a proven methodology for attracting love. Recapping, here it is again.

  1. Love yourself, and if you feel you can’t, try to appreciate that you exist to experience this life.
  2. Be healthy in body, mind, spirit, and money, and if you’re not, it’s worth getting there.
  3. Enjoy life, because happiness in small things leads to bigger ones.
  4. Expect you’ll find and receive love, if you want it, just don’t worry about how. Let it happen as it does.
  5. Use Feng Shui to help 1 through 4, because your environment influences your behavior. 
  6. Be consistent for however long it takes.

It’s #2…health in body, mind, spirit, and money…specifically money, that I’d like to go over in greater detail. This piece will explore the money aspect and its importance to relationships.

How Money Affects Love

Financial issues are often the root of many relationship problems.

Money holds a significant role in relationships, whether or not we consciously acknowledge it.

It can influence the quality of life a couple has, affect the opportunities available, such as education, travel, and leisure activities. Misunderstood financial habits or attitudes can lead to disagreements, stress, and even arguments. This can strain the emotional connection between a couple. 

Additionally, financial challenges can test a relationship’s strength, especially when costs become overwhelming. Conversely, financial security can enhance peace of mind, reduce stress, and foster an environment where love and emotional intimacy can flourish. 

Stress

According to a survey conducted by the American Psychological Association, 64% of Americans stress about money, with arguments about finances being among the most common.

Infidelity

Financial infidelity, which refers to hiding money or financial decisions from a partner, is prevalent in relationships. A 2018 survey by CreditCards.com found that 15 million Americans have a hidden bank or credit card account.

Divorce

Money problems are cited as one of the leading causes of divorce. Various studies, including one published in the Journal of Family and Economic Issues, have indicated that financial disagreements and economic stress contribute significantly to the likelihood of divorce.

Satisfaction

Research suggests that relationships, where there is a significant imbalance in financial contributions, can experience strain. A study published in the Journal of Marriage and Family found that couples tend to be less satisfied in relationships where one partner earns significantly more than the other.

Yet, couples who engage in financial planning together tend to have stronger relationships. According to a survey by the American Institute of CPAs, 80% of couples who engage in regular financial conversations report being happy in their relationships.

Financial Wellness For Love

Piggy Bank that encourages savings.

Just as physical health requires regular exercise, balanced nutrition, and proper care, financial health demands discipline, budgeting, and smart decision-making. 

Firstly, both financial management and health require proactive efforts. Just as you need to exercise regularly and eat well to stay physically fit, financial planning involves budgeting, saving, and investing wisely. 

Secondly, both personal finance and health have a direct impact on overall well-being. Financial instability can lead to anxiety, affecting mental and emotional health. This affects relationships. Just like how neglecting your physical health can lead to chronic illnesses, ignoring financial health can have long-term consequences.

Why Financial Stability Matters 

Piggy Bank that encourages financial management.

Achieving financial stability can significantly enhance your overall well-being, both physically and mentally. Here are just a few benefits.

When you have a solid financial foundation, you experience reduced stress and anxiety related to money. Financial stability provides a sense of security, allowing you to focus on other aspects of your life, such as your physical health and the quality of your relationships. Without the burden of financial worries, you can do other activities, whether it’s reading, entertainment, or something else.

Being financially sound also positively impacts your mental and emotional health. Good financial management provides a sense of control over your life, leading to increased self-esteem and confidence. 

It also allows you to pursue your passions, hobbies, and interests, which are awesome for your mental growth and development. 

Additionally, financial stability can foster healthier relationships, as financial stress often contributes to conflicts within families and between partners. When you’re financially secure, you can nurture positive relationships and form better emotional connections.

It’s Not Too Late, Even After 40 

It's never too late.

You may have heard it before, but it’s true. 

It’s never too late to take control of your finances. 

If you find yourself in a financial position that needs improvement, or if you’re unhappy with where you are, and if it affects your love life (as it does for most people), you can change it.

Financial maturity often comes with age, as we often gain a deeper understanding of financial priorities, long-term goals, and how to be less reckless. While it’s true that starting early can provide a significant advantage in terms of building wealth, developing financial literacy and comprehension is valuable at any age.

Being over 40, the experiences accumulated over the years often contribute to heightened financial awareness, if only the things to avoid. This alone helps to navigate past many of the pitfalls that those much younger are about to face. This experience can easily turn into wisdom when reflecting and taking account of how we’ve handled our money in the past. 

Moreover, a healthy financial self often betters romantic relationships. Stress and anxiety don’t care what age we are, they hover over all circumstances. Worn marriages, divorce, children, and piled expenses, are often intertwined with money. Taking charge of your finances starts to balance and strengthen those other areas.

No, sound financial management can’t solve everything, but it definitely can help. A lot.

Here Is How To Build Financial Security

Financial security.

Financial health is a methodical, consistent, and planned series of actions done over a long enough time.

There are many ways to achieve well-being when it comes to financial matters. The way that looks is largely up to you. However, your objective should be something like this.

  1. Zero Bad Debt
  2. Basic Budgeting And Savings
  3. Increasing Income
  4. Consistent Investments

That’s pretty much it. There are a variety of ways to accomplish the above, and certainly different interpretations for what that looks like. This article outlines a way, albeit a simple one. 

As always, be sure to meet with a licensed financial advisor before doing anything. This article does not provide financial or legal advice.

 Here is what has worked well for me.

1. Zero Bad Debt

I’m in a unique position, in that I have no house debt, and I do not have credit card debt. For years I’ve lived in such a way that I purchase only what I could pay for immediately. Unless it was something I needed, like a medical or emergency, if I couldn’t pay for it in full, I would NOT buy the item.

I refuse to accumulate credit card debt, which is always bad debt.

2. Basic Budgeting And Savings

I created and still use a simple Excel spreadsheet to track my income, expenses, investments, and how I spend my money. I also put aside a little each month for my savings, until I have about a year’s worth of expenses covered.

Here is a simple example.

I regularly input what my money does (income, expense, investment) each evening, right before I end my day. This gives me an accurate balance of how much cash and investments I currently have.

While your bank and credit card accounts can do this for you, it’s not always up to date, and often expenses/income are pending. Using a spreadsheet, or at the very least, a budget app, is a great way to keep your finances accurate.

3. Increasing Income

Objectively, any job, business, and career is where you are competing against yourself.

The idea is to earn at least 10% more than you did the year before. If you’re working a job, and it’s one you like, but there is a cap on income, a side hustle is a way to earn more. 

My income has seen some significant ups and downs over the years. It hasn’t been until the last 5 years I’ve been able to increase it annually by 10% +. As my current job has essentially reached its maximum potential, and until I earn a promotion to a different position, I have been running side businesses.

4. Consistent Investments

Nearly anyone can become wealthy from investments, so long as you have enough time for it to grow. Ideally, this is something you want to do at an early age, starting between 18 and 21.

However, I didn’t start investing until roughly 5 years ago at the ripe age of 40. My time frame to reach my personal goals is significantly shorter than if I had started 20 years earlier. Nonetheless, I’m investing, as much as I can for as long as I can. 

I do this every month, no matter what.

There are other ways to manage your funds, but I and a number of others have found the above approach to be the simplest and very effective. 

Do You Have To Have Money To Find The Right Kind Of Love?

Finding love.

The short answer is, no. 

While financial stability can provide a sense of security, it is not a prerequisite for finding genuine love.

Love blossoms in the most unexpected places, often defying societal norms and economic boundaries. You can connect on deeper levels, sharing common values, interests, and emotional understanding. Acts of kindness, empathy, and compassion are universal currencies that can lead to deep relationships.

True love is about acceptance, understanding, and emotional intimacy, qualities that cannot be bought or sold. 

At the same time, we can’t deny that we live in a society where money plays a significant role.

Financial well-being is essential for basic necessities, healthcare, education, and overall quality of life. Ignoring the practical aspects of money in our lives is foolishness.

It’s not about prioritizing wealth over love, but recognizing that financial stability can alleviate stress and more. Responsible financial planning can create a secure environment for you and the person you love, ensuring that you both can focus on nurturing your relationship without the burden of financial worries. 

Proper Money Reinforces Love

Financial well-being is healthy for love.

Love does surpass the value of money.

Love helps give life meaning and purpose, something money can never buy. However, in our modern world, money operates as a crucial tool, enabling us to provide for our families, invest in our futures, and support the ones we care about. 

Understanding and managing it wisely not only means our material needs are met but also strengthens relationships. Financial stability allows love to flourish without the constant worry of survival. 

The truth is, shared financial goals and responsible budgeting deepen intimacy.

It promotes communication and understanding. When love and money are harmoniously balanced, they create a stable and nurturing environment. This is relationships can thrive, reminding us that while money is a means to an end, love is the ultimate destination. That is enriches our lives in ways that no wealth can measure.

When taking into account the importance of loving yourself and embracing health, financial well-being completes your wholeness. This results in a better you, which means you’ll enjoy life more.

What person in our modern society isn’t attracted to someone like that?

Until the next time, cheers!

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