Doctor Love Coach

 

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Janice encouraged me ask the *difficult* questions to determine if we were on the same page with regard to our life goals & desire for commitment.....Janice continues to help me navigate the ever-increasing number of decisions that must be made about our future.   -- Allison, age 37

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Talking About Love & Money
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This is a collection of articles where I address various dating and relationship behaviors.

Few topics are as volatile in a relationship as discussions pertaining to money, which ranks right up there with discussions about sex. That's because the attitudes and feelings we have about money are deep-seated, strongly reflecting one's values and expectations about life.

The subject of money came to my attention a few months ago when I was sent the article, "Nine questions partners should ask each other before getting married," by John Opdyke, from the Wall Street Journal's "Love and Money" column (March 29, 2006). I featured the article in my blog entry, "Talking About Money Shouldn't Be Taboo," and offered copies of the article to those requesting it. I then received this question from someone in response:

"Dear Dr. Janice, What do you have to say about how to deal with money with a partner... I'm dating a guy who when we were living together he cheated on me and I put him out. We have since then gotten back together to save the relationship (talking about marriage). He has gotten his own place (renting a house) but of late can't manage his finances. He states he wants a partner to support each other financially, but he is the one who always wants monetary help. I've given him a substantial amount of money of which he as not repaid. The last time he asked, I said no, now he states he doesn't want a partner who doesn't support his financial pitfalls. My position is that when dating, each person should be able to stand independently financially. Am I wrong to think this way or should I give in after all we are trying to become one.

"Some other factors to consider: My finances are double his, I have one child, 24, never married. He has been married for 13 years with three kids, age 10, 16, and 23. I need help. Lisa."

The Doctor Says. . .The description of your boyfriend's behaviors in your relationship demonstrates how his attitudes and feelings about money are consistent with, and can even predict, his needs and expectations for a life partner relationship.

The first thing you mention is that he cheated on you when you were previously living together. For most couples, "living together" implies that you are a committed, exclusive couple, i.e., neither of you would date anyone else. Unless there was a different understanding, his "cheating" demonstrated that he did not value you and the commitment that he had made to being your exclusive partner.

Unfortunately, I can see this same lack of valuing you and your relationship in his expectation that you give him money and "support his financial pitfalls." That's a lot to ask of a spouse! This demonstrates a "me first" attitude that is antithetical to the development of a life partnership. His expectation that you give him money that he doesn't feel compelled to repay is consistent with his sense of entitlement that his needs come before your feelings. In my eyes, both of these behaviors - infidelity and expectations of hand-outs -- are forms of "cheating."

You mention that you got "back together to save the relationship (talking about marriage)" after the cheating incident. This makes me ask "why?" Whenever I hear about couples considering reuniting after a break-up, I encourage them to ask each other, "what will you do differently now to make our relationship work this time?" So while your boyfriend might have promised not to pursue other women (the reason why you broke up before), he now confronts you with yet another manifestation of his "me first" attitude, this time as it pertains to money.

So now you're asking me if it's "wrong" to think that each partner in a relationship should be financially independent, or "give in, after all we are trying to become one." Only you can make this decision. As I discussed in my article, Love is a Big Deal, Part 1, a life partnership is, in essence, a "deal" created between two people requiring negotiation and agreement on a number of important life issues. Even though you may love each other, the ability to live with the one you love requires "cutting a deal" -- reconciling what you're getting and not getting in the relationship.

Making a compromise or "trade-off" in order "to become one" can only be determined by you. Only you can know if a specific trade-off is worth it to stay in a relationship, or if it is a "deal-breaker" - a reason for ending the negotiations and, ultimately, the relationship.

Truth be told, I'd caution you about marrying someone who has yet to share the same value for money as you. Moreover, he still has young children he most likely has to provide financial support to, and has not shown financial responsibility and/or stability in your eyes. The disparity in your personal and financial situations, and values, could continue to be a source of strife in a marriage.

As John Opdyke says in his article, "In their rush down the aisle, couples often think that love will overcome any disagreements about saving and spending. It doesn't. . . . personal-finance silence eventually leads to frustration, fights and power struggles."

I couldn't agree more.


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. Posted by: Janice on Tuesday, July 11, 2006 - 04:15 AM   .
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