Finances and Relationships: How to Marry the Two

Love and Money

Economists around the world agree on one thing, and that is the Coronavirus pandemic has pushed the global economy into the deepest recession since the 1930s. The impact of the recession has already hit many expats living in Dubai hard. Many companies have had no other option except to retrench large portions of the workforce or cut salaries. But losing your job in Dubai can be especially stressful because it compromises almost every area of your life – from your immigration status to access to bank accounts and schooling.

Do We Need to Talk About Money?

There might well be some truth to that old saying, “When money goes out the door, love flies out of the window.” Financial problems and worrying about money put relationships under pressure and are one of the leading causes of marital breakdown.

Several research studies confirm what many of us working with couples have long suspected. One study reported that 25% of people withhold the truth from their partner about their spending habits or debts. Another study found that a staggering 63% of people with money worries said it was affecting their mental health. On the bright side, 61% of respondents said they felt much better after seeking counselling to work through the stress caused by financial issues.

Talking about money worries in couples counselling can be especially good for relationships – helping to reduce arguments, face the reality of the financial situation and share the emotional load.

Tips for Starting a Conversation About Money

Arrange a couples meeting
Find a time and place where you will not be interrupted and go through all your financial commitments – rent, mortgage, school fees, utilities, credit cards, loans and remittances back to your home country.

Be open about your financial situation and remember to listen
This might be the first time your partner has seen the full picture of your financial commitments. Allow them time to digest the information. Remain calm and open to their perspective. Try to avoid being defensive.

Talking about money can strengthen relationships
Honesty and trust are the bedrock of a healthy relationship. While you might fear your partner’s reaction, giving them full sight of your financial situation helps you plan together. Despite any initial discomfort, being open can help build deeper connection.

Talk to a marriage counsellor
Financial problems can be extremely stressful. Even with the best intentions, it can be hard to avoid arguments or feelings of anger and resentment. Counselling offers a safe space to talk through these feelings without judgment and to get support for managing difficult conversations and emotional fallout.

Seek legal or financial advice
Some financial decisions are complex, and if not properly addressed can make things worse. While money might be tight, professional advice could make a real difference in the longer term.

Opening the Door to Better Conversations

Financial concerns affect more than your bank balance – they shape your sense of security, identity and relationship dynamics. Facing them together, with openness and support, can help transform not just your financial future but your connection as a couple.