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Money Minute
Quick Tips
Couples and Finances
Money Minute
Finances are one of the most common areas for disagreement among couples. Here are some ideas to help you keep the peace.
 

Finances are one of the most common areas for disagreement among couples. Here are some ideas to help you keep the peace:

  • Understand each other’s financial background. Are you a penny pincher because your family has always been frugal? Maybe your partner is hyper-focused on saving for retirement because their parents weren’t well prepared. Sharing each other’s experiences with money will give you an appreciation for each other’s perspective.

  • If your partner is better at managing money, then consider having them be responsible for overseeing the finances for your family. That said, it’s still important for you to be involved – make sure you’re also aware of how the budget was set and how to pay bills.

  • Agree to check in with each other before making high dollar purchases. For example, you may decide that all purchases above $200 need to be discussed with each other first. No one likes unexpected large expenses, so work together to figure out a dollar threshold that makes sense for your relationship.

There may be bumps in the road, but if you have strong communications with your loved one, you’ll be well on your way to a long-lasting relationship.




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