By: Elaine Ducharme Ph.D ABPP
Here is a blog on how I used the information from the new APA Stress in America survey. The survey had great information that I think will be helpful to your clients and to the media. Think about how you can use this information with clients and in your community and then take the plunge. And don’t forget that it is very helpful to add a final paragraph at the end of your article or presentation saying that if you continue to struggle with these issues consider talking to a psychologist trained to deal with these types of problems.
Since 2007, the American Psychological Association has commissioned an annual nationwide survey as part of its Mind/Body Health campaign to examine the state of stress across the country and understand its impact.
The Stress in America™ survey measures attitudes and perceptions of stress among the general public and identifies leading sources of stress, common behaviors used to manage stress and the impact of stress on our lives. The results of the survey draw attention to the serious physical and emotional implications of stress and the inextricable link between the mind and body.
This year’s Stress in America™ survey shows that stress about money and finances is prevalent nationwide, even as aspects of the U.S. economy have improved. In fact, regardless of the economic climate, money has consistently topped Americans’ list of stressors since the first Stress in America survey in 2007.
Almost a third of adults with partners reported that money is a major source of conflict in their relationship. Compared to other touchy topics, couples’ arguments about money tend to be more intense, more problematic and more likely to remain unresolved.
Here are some guidelines to help people learn to talk about finances in a healthier, more satisfying way. All couples should talk about these things even before marriage or setting up a household together.
1. Avoid using the word “budget.” Some people have negative associations with this word which may set up a feeling of deprivation. Instead, think in terms of developing a spending plan. Decide together what goals you want to save for and what goods and services you want to spend your money on.
2. Talk about money history. Whether people have been in a relationship 10 weeks or 10 years, talking about money history is a first step to getting on the same page about finances. Having an understanding of your partner’s beliefs can help you avoid conflict and set the stage for healthy discussions about joint finances. Some things to discuss:
- What did your parents teach you about money/saving/debt
- What are your financial goals
- What are your fears about money
- What are your personal spending habits
- Can you live with your partner’s spending habits
3. Take a time out. If financial discussions become heated, take a time out and revisit them later. When it comes to money, partners may not always see eye to eye. It may be helpful to talk to a financial advisor.
4. Listen to each other and think about compromise. You don’t have to agree on everything. But, it is important to respect each other’s feelings and beliefs.
If you find that you and your partner continue to have a hard time when discussing finances you might want to speak with a psychologist trained to help couples communicate about difficult topics.