|
Whether married or business partners, money conflicts often
arise between people even when they philosophically agree.
When multiple priorities are tugging at the same limited
dollars, choices need to be made.
Negotiation can become emotionally charged for a number of reasons and distract both
parties from focusing on a solution.
|
Here are some tips for resolving those conflicts. Clear
communication is the key.
Don’t assume your partner knows what you are thinking or visa versa.
Do assume your partner
has a valuable perspective and be prepared to listen.
Keep a notepad and calculator handy.
One partner at a time, state
your concerns with facts (not assumptions) from your point of view.
Listen carefully and respectfully, while your partner
speaks. Do not interrupt until (s)he states (s)he is finished for now.
Each partner should repeat back what they understood
the other to say and ask appropriate questions.
Each partner then takes a turn at clarifying their statements and answering
questions.
Repeat this process until you are both satisfied all concerns have been raised.
Gather any additional information
needed for clarification or calculations.
Do the math. Don’t make a financial decision without knowing how it affects
your overall finances.
If you don’t come to agreement, consult an impartial third party for help.
|