The Economy is Affecting My Relationship

Not only has the recession been putting a strain on personal financial challenges, it has also been adding new stresses to relationships.  Long distance relationships, newlyweds, and casual dating have all been hit hard by the country’s economic downward spiral over the last couple years.  The good news is that we are all being affected fairly equally, but the bad news is that it might be awhile before the situation turns around.

If you have been feeling this recent economic relationship strain, don’t worry because you are not alone.  I have been hearing about new and challenging issues from friends and family in all stages of relationships.  Here are some common challenges:

• We can’t afford to fly to visit each other anymore.
• I can’t move to a new city to be with him because I can’t find a job.
• I can’t afford to go out to the bars and pay for drinks.
• I can’t afford to take someone out to a dinner and a movie.
• We pooled our finances and it’s not enough to buy a place to live.
• We can’t afford to put on a wedding.
• We didn’t want both of us to have to work.
• I can’t afford an engagement ring.
• Now that we’re married, we don’t want to ask our parents for money.
• I lost my job and I need to just focus on myself.

All of these issues exist for many couples regardless of the economic recession.  But if you are one of the lucky few who only find yourself in these negative situations because of a fall in stock prices, my advice is:

• Patience. If your relationship is strong, then you can wait it out.  Maybe you have to pay rent or continue long distance for a couple more years than you had planned, but stay calm and remember what’s important in your life.  After you make it through these challenges, your relationship could be stronger than ever!
• Budget. There are ways to impress your date and provide for your family without spending tons of money.  Don’t push your budget because of other people.  Figure out what you can afford and live within your means.  Everyone is stretching their money right now, so don’t feel uncomfortable about holding back on things that you could have paid for a few years ago.

Image: sxc.hu