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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
The Sooner, The Better? Couples' First Financial Discussion, Relationship Quality, And Financial Conflict In Emerging Adulthood, Matthew T. Saxey, Ashley B. Lebaron-Black, Melissa A. Curran
The Sooner, The Better? Couples' First Financial Discussion, Relationship Quality, And Financial Conflict In Emerging Adulthood, Matthew T. Saxey, Ashley B. Lebaron-Black, Melissa A. Curran
Journal of Financial Therapy
In couple relationships, discussing finances is often considered taboo. Specifically, emerging adult couples experience several unique financial challenges that may contribute to poorer financial communication and pose relational risks. Utilizing structural equation modeling with a sample of 1,950 U.S. emerging adults, the current study tests associations between the time of a couple’s first financial discussion, financial communication, relationship quality, and financial conflict. Results indicate that initiating financial discussion earlier in a romantic relationship may benefit relationship quality—through financial communication. However, having an earlier first financial discussion as a couple was also positively associated with financial conflict. Financial therapists might consider …
Building Financial Peace: A Conflict Resolution Framework For Money Arguments, Sarah D. Asebedo
Building Financial Peace: A Conflict Resolution Framework For Money Arguments, Sarah D. Asebedo
Journal of Financial Therapy
This paper presents a well-known and highly utilized conflict resolution framework from the mediation profession and demonstrates how to apply this framework to money arguments. While conflict resolution skills have been identified as important to communication within the financial planning context, an integrated conflict resolution framework has yet to be recognized and understood within the financial planning literature. This paper aims to fill this gap. Ultimately, both mental health professionals and financial planners can benefit from an interdisciplinary approach to resolving money arguments by combining training in personal financial strategies and conflict resolution principles.