The Credit Downgrade: Fewer Splurges, More Stress For Couples

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Experts tell us how to protect our love lives from the financial effects of the credit downgrade.

Even if you don't have a wedding to plan and vows to write, putting sentiment into your financial strategy will work wonders if you can't buy the bigger house. To keep couples from focusing on what they can't currently afford, Dr. Inselman teaches his clients at his coaching business "the gratitude exercise," so they will learn to see what they do have instead of what don't have in the present moment. Is Gratitude The Key To A Good Relationship?

"If you are in a relationship, you must guard against the potential damaging effects of the added stress [of feeling like you don't have enough]. All of us often take the little things for granted," Dr. Inselman said. "Gratitude gives you altitude, so it is very important to acknowledge what you have gratitude for. To do the exercise, every night individually and then with your significant other, say out loud and proud all of the things that you are thankful for. For example, 'I am grateful for my eyesight, my children and wife's health, my friends.'"

Dr. Inselman acknowledges that it sounds trivial, but it truly works if you take the time to think about all the good things in your life and relationship.

"If you couldn't do any of those tasks, you would see how monumental the loss is," he said. "The same goes for our finances. While the credit downgrade may affect your borrowing power and cause you to delay your dream house, or engagement ring purchase, those problems are far better than having to go for chemotherapy, or losing your eyesight. Don't Let Debt Ruin Your Love Life

"At all times, have gratitude for the good things in your life," he says. "Then, the little blips that life throws at you will stay little blips."

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