By Edward C. Lee
From a technical standpoint many economists and financial experts have said that our nation’s recession ended in June of 2009. While it may be “technically” true, for many families the struggle continues. Every week new reports come out about the number of newly unemployed or recently foreclosed upon. While things may be improving, the economy is still suffering.
What often is not accounted for in weekly and monthly updates on the health of the nation’s economy is the impact that the economic downturn is having on our marriages and families. While the number of strained marriages as a result of the financial downturn can not be pinned down with absolute certainty, it is typically a safe bet that where there is financial strain, marital strain is right there with it.
I will leave the financial “how to’s” and what to do’s to the financial experts. But from one married person to another, here are three perspectives to keep in mind, while going through the storm of a financial downturn.
- Don’t turn on each other. The strains of financial instability have a way of turning what once was a strong thriving relationship into a relationship marked by finger pointing and blame. I must admit, this is an area my wife and I have grown in tremendously over the last few years. In our dating years, if bills were not paid or someone’s credit took a “ding” it was surely accompanied by blame and finger pointing. As the years have passed we have learned to talk more and communicate with less underlying personal anxiety. Instead of accusations and suspicions we have learned to deal with our finances as a team through weekly meetings. Learning to work together has helped us weather so many financial storms and realize that whether it was “I” or “you” that brought about the financial troubles, it will take a “we” to get out of the hole. Discuss, forgive, and make a plan to get it straight – but at all costs avoid the urge to turn on each other.
- Stick to the core principles. Every successful relationship is marked by shared principles like, honesty, trust, communication, team work, etc. Personally, for me and my wife it is faith. Stressful periods of our marriage have grown us to understand that without faith in God it really is impossible to endure. There have been times when all we have to hang our hats on is the track record of how God has sustained us in the past. Whenever we have lost sight of the core principles of our faith we have found ourselves in more mess than we know what to do with. Whatever the core principles are of your relationship – hold on to them in tough times. Do not allow your vision to become blurred. Go back to the core values and interests that brought you together in the first place. Set aside time to talk to each other, go for walks, or take on some project together. Take this time to rediscover each other and realize the true strength of your relationship. Without the determination to remain faithful to the core principles of who you are as individuals and as a couple, there will be little to hold the two of you together.
- Be Patient. As my grandmother used to tell me, “Trouble don’t last always.” Going through a tough financial spot is not the same as setting up camp and staying there forever. As you proactively work on specific financial concerns, at some point things will turn around. In most cases, it took some time to get into the jam, so it may take time to get out. By being patient with each other, planning, holding on, not turning on each other and holding onto your core principles your relationship will come out stronger on the other side.
No one knows how long the dark days of this recession will last, but as you stick together, hold onto core values and be patient with each other, your marriage can continue to thrive.
So BMWK family, encourage other and share your solutions. How is your marriage surviving or thriving during the nation’s economic downturn?
TheMrs says
In 2007, before things got bad economically for the nation, we found out that we were pregnant with our 5th child. Both my husband and I were working full time so we put together a plan so that I could take off more time after the birth of our final child without it being a financial burden(my company offered 12 weeks with only the first 8 being paid). Being paid weekly we decided to completely bank 3 weeks and spend the 4th towards bills and getting ready for baby. 2008 came and I got sick while pregnant while my company began talking of layoffs and I have been home ever since…just over 3 yrs now.
Budgeting became more of a necessity, we haven’t been on vacation since 2009, and our family and date nights have changed frequency. But we are surviving, our children are great about us pulling back on a few things and actually don’t seem to n0tice some of the changes that we fretted over. We keep open communication between us so that we don’t slip through the cracks. We keep a dialogue with our children about what we can and can not do. I am currently looking to reenter the workforce but until that time comes I think that we will be ok.