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FILE - The likeness of Benjamin Franklin is seen on U.S. $100 bills, Thursday, July 14, 2022, in Marple Township, Pa. When it comes to the mental load of managing financial tasks, couples can fall into unproductive patterns that can lead to conflict, resentment and even willful ignorance. But by balancing these tasks with other household responsibilities, partners can each take ownership of occasional tasks such as doing taxes or adjusting investments, and day-to-day decisions such as budgeting and spending. (AP Photo/Matt Slocum, File)

Millennial Money: How couples can share the mental load of money management

When it comes to the mental load of managing financial tasks, couples can fall into unproductive patterns that can lead to conflict, resentment and even willful ignorance

By SARA RATHNER of NerdWallet
Published - Apr 16, 2024, 07:03 AM ET
Last Updated - Apr 16, 2024, 10:00 AM EDT

NEW YORK (AP) — A lot of work goes into making a household run smoothly, and the thread that runs through all the labor is money. It’s money that makes it possible to fix a broken appliance, enroll the kids in summer camp and save up to replace the aging car. The mental load of money can be heavy. It’s made up of those endless invisible tasks we engage in, and the future tasks we lie awake at night thinking about.

“I think it is important to mention the emotional weight that comes with worrying about money. Do we have enough for rent next month? Are we saving enough for college?” Kate Mangino, author of “Equal Partners: Improving Gender Equality at Home,” said in an email. “Those kinds of worries tend to chip away at our emotional health, especially if we think our partner doesn’t share this worry, and we’re alone in carrying that weight.”

When it comes to the mental load of managing financial responsibilities, couples can fall into unproductive patterns that can lead to conflict, resentment and even willful ignorance. If money management feels unbalanced in your relationship, here are some ways to rethink your routine.

APPROACH MONEY AS EQUALS

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