Money is unique because it can affect many different areas of your life. It can affect your mental health, physical health, relationships, and more.
A leading reason for relationship stress, be it romantic or familial, is money. It is also the most common reason romantic relationships can be strained.
As a teen, you may not yet have long-term romantic relationships such as marriage. But even now you may feel the effects of money weighing down on your family.
Familial Relationships:
Money problems may be a source of tension and disagreement between family members. For example, children may spend too much money that their parents cannot afford. This can place an extra burden on the adults’ shoulders. Or, a family might be judged on their financial standing by extended relatives. Whatever the reason is, having strained relationships with relatives due to money issues is never fun.
Romantic Relationships:
As an adolescent, or adult in the future, you may be socially pressured to treat your partner well which can be very expensive.
For example, perhaps some of your dates have an expensive dinner or travel somewhere expensively. Or maybe, you buy a very expensive car to impress your significant other. This can put a large dent in your wallet.
Another thing is you and your partner’s future plans with your own money. If you join your bank accounts but have different views on how to use that money, this could become an issue like a recurring argument.
Conclusion:
But in the end, money does not have to be stressful. Many money problems and issues can be solved through proper account management and thorough financial education. It may be very easy to solve the above-listed problems. Being financially literate is very important and can relieve a lot of your financial stress.
Written by Allie Chang