Romance and Finance

Start Talking Money with Your Partner Now

So, Valentine’s Day is just around the corner, and you’re racking your brain to think of a great gift to give your mate… Well, before you break the bank on fancy chocolates and Champagne, we suggest actually TALKING about the bank – because having a money talk is sort of like a fabulous bikini wax – painful at first, but then well worth it!

It’s easy to put off these financial convos, so we advise making Valentine’s Day your deadline – and since no one wants to have the Money Talk ON Valentine’s Day itself, you’d better get on it right now! But where to start?  Check out these great tips from our fab friend, President and CEO of Women & Co., Linda Descano!  We love her suggestions on how to talk money with your honey:

Money Matters

Talking about money can be an emotionally charged subject, but it’s an important conversation for couples to have regularly.  No, it’s not romantic in the traditional sense.  And yes, you may disagree, but it’s better to figure out all of the “rules” to your financial relationship before a big bill comes in the mail or a hot financial issue arises.  Whether you’re a new couple thinking about the next steps or already settled in a happy marriage, it’s never too early or too late to have the talk.  So remove the emotion by treating the conversation like you would a business meeting: set a date, prepare, and establish some ground rules to help foster a stronger dialogue.

Figure Out Your Financial Styles

Just like you have your own personal style, you probably also have your own financial style.  Are you a saver, but your partner lives paycheck to paycheck?  What are each of your short-term and long-term financial goals? When do you use your credit cards?  The answer to all of these questions can shed some light on your individual financial styles.

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One Response to “Romance and Finance”

  1. Emily Day says:

    Make sure you both have an opportunity to be heard and listen to what your partner is saying. Avoid accusations and blame..Set and prioritize your goals together and stick to the plan unless something significant occurs and you need to alter it..Set aside time each month for a money meeting. For example you may wonder how you will afford to buy food and pay your rent or mortgage.

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