Money-ing with your partner can be a source of long-term bliss, or the reason behind some serious issues. But the process of combining your finances doesn’t have to add stress to your relationship. Sure, it won’t be as fun as backpacking through Europe together — but you can still make a date of it. Light some candles, open up a bottle of wine, and consider these quick tips:
1. Be honest
This is hard, but very important. Be open and honest about your individual financial situations, including your debt and your views on money. Set the tone by acknowledging your failures or successes with money, and make sure to leave ego at the door.
2. Understand each others beliefs and behavior around money
Figure out your money tendencies. Are you a spender or saver? Do you prefer safety or status? How does it all affect your money habits?
You might want to discuss what your parents taught you about money and what you do and don’t agree with — kindly, of course. Don’t be critical or judgmental if you disagree.
3. Talk about your money roles in the relationship
It’s OK to have different attitudes about money, and it's also OK to divide things up. Think about what role you’d like to play in this partnership, and why that’s important to you. Talk about your expectations, but also remember to be flexible as roles and responsibilities will change over time.
4. Put your relationship first
Being on the same page about money improves all aspects of the relationship. But also remember that at the end of it all, your relationship with your partner is more important than how much you have, or what you do with your money.
We’re here for you
You don’t have to navigate any of your major life and money moves alone. Whether you’re getting married, moving in, buying a house together or having kids, we can help you figure out how to manage your money in a way that feels good for you.