What makes a good partnership? Some say opposites attract, and often those complementary personalities make a winning combination. But when it comes to financial knowledge and planning, don’t let all the work fall to one partner.
You should set financial goals together, and each of you should know how the family finances work: both should be familiar with how to budget, pay the bills, and save for retirement. Talk about what you’re saving for, what expenses are important, and when you want to retire. Equally important, discuss how you want to live in retirement — make sure you are both on the same page with your dreams and goals.
With good communication and a willingness to compromise, you’ll build and sustain a healthy financial relationship together.
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