If you’ve ever had a disagreement with your partner over money, you’re not alone. Studies have shown that financial concerns are among the most common sources of disagreement for couples. The good news? It’s never too late to start a conversation about money. Whether you’ve been with your partner for 3 months or 10 years, discussing finances together is the most important step toward financial bliss. Want more? Download your free copy of the Couple’s Guide to Financial Bliss.
Where do we start?
The good news is that the first step actually starts with ourselves. We have to be honest with ourselves about our financial situation before we can share it with someone else. Many people don’t have a clear vision of what’s going on in their own financial life: they don’t know how much they’re spending, how much they owe in loans or what their credit score is.
Facing our own numbers can feel really scary but more often than not, not knowing is actually more stressful.
Get to the fun part!
The whole point of having money is to have and experience everything we truly want. Share your goals and dreams with your partner and listen to theirs. Which goals are similar? Which are different? How much will those dreams cost? Have you started saving for them? One saving tip is to cut down on day to day expenses such as energy bills by using a comparison site like https://www.moneyexpert.com/gas-electricity/.
Make it a judgment-free zone.
Research shows our attitudes and beliefs about money often come from our parents and families, so our relationship with money will most likely be different than that of our partner. For our money conversations to be effective, we have to practice compassion and acceptance of ourselves and our partners. Really listen, ask questions and understand their experience with money.
Schedule monthly money meetings.
The more we communicate the less stress and fewer surprises we’ll have in our money lives. Schedule monthly money meetings around date night to check in on everything related to finances. The more we do it, the easier it becomes!
Money can be a tool for living a great life instead of source of conflict for you and your significant other. With practice, you and your partner can learn to talk about finances in a healthier, more satisfying way. In our Couple’s Guide to Financial Bliss we’ll show you how to have fun and productive conversations around money, achieve your financial goals as a couple as well as navigate any roadblocks that might get in your way. Download your free copy here.