How To Talk About Money With Your Partner?
It’s never easy to spark the most sensitive topic.
Image from Freepik
When we talk about love, all we think about is butterflies and rainbows. But in reality, we all know that love alone won’t put food on the table.
The rule is simple - we need money to survive and better our lives.
Have you studied about your other half’s viewpoint on money? If you are not sure what to look out for, here’s a guide:
Infographic by VIV Associates
Now, do you or your partner fit anything on the list?
It’s perfectly fine if you find yourself having different opinions about managing money from your partner. What matters the most is how both of you view each other.
For example, your partner may be a spender while you are the saver. On the greener side, this can be a positive thing as you can be the person who motivates your partner in saving money and as someone who shares positive money beliefs. While for your partner, he or she will live by example and take you as an encouragement to achieve the same financial goal.
However, the disadvantage is money can be a source of disagreement between the two of you. For example, you may be upset with your partner being in debt, having a poor credit score or even lying about spending money.
How to accept money differences?
Image from Freepik
While talking to your partner about money can be a nerve wracking topic, there are a few tips you can adopt without jeopardising your relationship.
Communicate
This means you and your partner must be transparent about how you guys feel about money. Having regular discussions on financial matters can make both of you better understand each other's perspective.
Be Honest
Honesty is key. Relationships are built on trust, and being secretive about spending money will just make your relationship and financial health rocky.
3. Create Boundaries
This rule applies when your partner has different money habits than you. By creating a separate bank account, or a joint-account which you both agreed to contribute a certain amount every month, it will avoid your relationship running into money disagreements.
No relationship is perfect. Discussing your financial securities with your partner offers a room of opportunity to understand each other’s concerns and worries and not to mention, helps to seek balance and harmony in the relationship.
