There seems to be a noticeable increase in the number of articles these days which focus on Millennials and Money - but this one is a cut above the rest and it applies to us all.
All too often our attitude to money is shaped by the actions and behaviours of our parents - and given that they weren't educated at school on money management, it's hardly surprising that our own attitudes to it have potential to fall short of the ideals expressed in this article.
Time and time again we hear that in-depth money management lessons at school is the answer to money issues we might face later in life - even if 'later in life' starts in our twenties. But what does our education system offer? Precious little it seems.
A really good read.
Researchers led by Lauren Papp at the Couples Lab at the University of Wisconsin study intimate relationships extensively. Unlike other conflicts between spouses, money conflicts are pervasive, more troublesome, and can remain unresolved despite repeated attempts at problem solving. In essence, money is an ever-changing problem that requires new solutions. Though financial planning involves looking at objective numbers and figures, according to Papp and colleagues, couples tend to use more negative emotional behaviors when discussing money.