Finances often serve as a significant source of discord in relationships. Research from Relationships Australia indicates that monetary issues have recently exerted pressure on 20% of couples.
How Do Children Experience Financial Stress?
Even without experiencing food insecurity or material deprivation, children can still feel the effects of financial hardship. Disrupted routines and home life due to parents working longer hours or the spillover of parental stress can negatively impact them.
How to Cope with Financial Stress in a Relationship or as a Family
Conflict and Children
For parents under financial pressure, it’s essential to shield children from escalating or prolonged verbal conflicts, which can harm their mental health and well-being. Commit to resolving disputes away from children’s ears.
Depending on the child’s age, discussing the situation with them might be beneficial. Keep explanations age-appropriate: tell primary school children that money is being saved for bills. At the same time, teenagers can be given more details, using the opportunity to teach them about the value of money.
Communicate and Work Together
Clear communication becomes paramount during stressful times to maintain a balanced and supportive relationship. Lean on each other for support and be willing to listen without judgment.
Resist the urge to withdraw from those closest to you or to handle problems solo. Involving your partner can provide mutual support and prevent feelings of isolation.
Keep a Healthy Mind and Body
Maintaining healthier choices during times of financial stress can benefit every family member. Regularly exercise, eat nutritious meals together, and plan outdoor activities like walks to the park or playing in the backyard. If you’re struggling to provide food, seeking help from organizations such as Foodbank is a wise and commendable step.
Although it may be challenging to find balance and perspective, take time to reflect on the importance of your loved ones and cherish them in small ways.
Reach Out For Help
Unexpected and sudden financial changes can leave us floundering. If your relationship is suffering or if you consistently feel distressed, sad, or anxious about your situation, it’s crucial to seek couples counselling in London.