It’s often said that money is one of the leading causes of disagreement in relationships. That’s probably not surprising, given the difference our attitude to money can make to our lives.
So, how can you make sure that you and your partner are on the same page?
Here are five questions to help you understand your differences and find common ground to build upon.
There’s nothing wrong with wanting to enjoy your money now, or being someone who likes to put some aside for a rainy day. But people who like to live in the moment can feel frustrated by someone who wants to ensure that a steady stream of cash is heading to the savings account. On the flipside, someone who likes to save can feel nervous when their partner keeps splashing out.
To ensure that everyone feels comfortable, it might be a good idea to set up a system where you agree on a set amount to save each month, and an amount for each of you to spend freely.
This question might sound odd, but it’s worth asking because people often have a very emotional connection to their financial lives. For some people, it’s something that makes them feel nervous. Others feel empowered and some intimidated. Talking about your gut instinct may help you understand each other’s point of view.
We pick up a lot from our parents. Someone whose parents were often worried about money may feel more nervous about spending in adulthood, even if they have sufficient funds.
Once again, chatting about how your attitudes have been shaped by your families can help you understand each other better and find what works best for you as a couple.
Risk can be a huge point of contention for some couples. Some people thrive on jumping into big decisions and hoping for the best while others would forego potential reward for the knowledge that everything is safe and as secure as possible.
To ensure that the two personalities complement each other, it’s important to keep the conversation open and try to strike a medium between no-regrets risk-taking and careful thrifting.
Money is a tool, after all. Discussing your goals will help you to stay on the same page in your planning and keep you focused when your individual money personalities start to pull you in different directions.
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Disclaimer: Please note that the content provided in this article is intended as an overview and as general information only. While care is taken to ensure accuracy and reliability, the information provided is subject to continuous change and may not reflect current development or address your situation. Before making any decisions based on the information provided in this article, please use your discretion and seek independent guidance.