Tag: Relationships

How much should you spend on an engagement ring?

As Australians vote on marriage equality, and the phrase ‘diamonds are forever’ marks its 60th anniversary, I thought it appropriate  to ask how much you should spend on an engagement ring.

One usual answer is “three months’ salary”. Sometimes you may hear “as much as you can afford”. There are even (extremely depressing) calculators to “help” hopeful fiances to calculate an appropriate figure.

If you’re a regular reader of this blog, however, you’ll realise “how much should you spend on an engagement ring?” is of course a trick question.

But it is one that is interesting for us all -of any gender, sex, sexual identity, or marital status – to consider.

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Where should kids learn about money?

Like language, money is a symbolic system we use to communicate with each other. Kids’ exposure and sensitivity to language begins early, and the same may be true of money. The majority of opinions agree financial education ‘begins with children – the younger the better’. In the last post, we looked at what an important role financial education and family background has in influencing outcomes in life.

But where do – and where should – kids learn about money?

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Are we speaking the same language?

Do you feel like you and your partner are talking different languages when it comes to money?

In intercultural communication research, we talk of two different ways for communication problems to occur – miscommunication, where communication occurs but is misunderstood, and communication breakdown, where communication ceases.

Continue reading “Are we speaking the same language?”