3 Tips to Survive a Financial Tragedy Together

Recently, Jerry lost his job. Shortly after that, his wife, Suzie, lost hers. Their bills were piling up. Their home was about to be foreclosed. Tragedy struck big time.

Call it a crisis or tragedy – it will happen. It’s not a matter of “if” but “when.” How do you work through the unexpected tragedy so you will stay together?

You can survive a financial tragedy together

Here’s how:

  1. Embrace it  – Survive TogetherDon’t stick your head in the sand. It won’t go away. If you don’t face your tragedy head on, resentment will build. Bethany is a stage 3 breast cancer survivor and we had $125,000 in medical bills. As much as we wanted to, there was no where to run and hide. We had to embrace it or it would have paralyzed our relationship!
  2. Transparency to a point – It’s okay to talk about your fears and feelings but DON’T talk about them ALL the time. Usually one person in the relationship wants to do this – we are talking to you :-). Agree on the best time to talk about it. Morning? Night? What is best for you? Establishing this framework allows the person in your relationship that wants to talk about it all the time the security that it will be discussed as well as assuring the person who doesn’t want to talk about it that the subject won’t come up every day, ALL the time.
  3. Tis’ the season – Our grandparents and parents were married more than 50 years. You know they had financial tragedy seasons!! Remember, the financial tragedy you are going through is just that – a SEASON.  Couples that struggle together, stay together.  Remember it is only a season and you WILL get through it!

One final suggestion – List all four of the Money Personalities in your relationship. Then write down how each Money Personality is perceiving this tragedy. It’s a great way to look at the different perspectives of the situation and talk through how this tragedy is affecting each of you.

Protect your relationship during this challenging time. The tragedy is bad enough; don’t hurt your relationship too. Be sure to pick up a copy of The 5 Money Personalities: Speaking The Same Love and Money Language. It’s a great tool to help every couple who is striving to have a great Money Relationship.

We would love to connect with you through Facebook and Twitter. Here’s to making your relationship great and discovering the “other” side of money.

Make it Happen!

Scott & Bethany
The Money Couple®
Creators of The 5 Money Personalities™

Scott & Bethany Palmer are regulars on national TV and radio and speak internationally about The 5 Money Personalities™. To learn more about your Money Personalities, get FREE resources, and take the free, scientific assessment, visit TheMoneyCouple.com or pick up a copy of their book The 5 Money Personalities: Speaking the Same Love and Money Language.