How To Talk To Your Partner About Money

What happens when you and your partner have different approaches toward money? How do you bring up this loaded topic without it spiraling into a heated argument?

Once again, it’s City Credit Union to the rescue! Read on for the ultimate guide to discussing finances with your partner.

1.) Dedicate a time
Let your partner know you’d like to talk about money and, together, pick a time and place that works for both of you.
2.) Prepare your thoughts
Prepare a mental list of topics you’d like to discuss. Include the basics like budgeting, saving and sharing living expenses, along with any specific issues you’d like to change.
3.) Start with a vision
Don’t jumpstart the discussion with accusatory statements. Instead, start with a goal.
Here are a few to get you thinking:
- Would you like to spend a month touring Europe?
- Wouldn’t it be amazing to move out of this apartment and buy a home of our own?
- I’d love to retire at 55. Would you?
4.) Create a saving plan
Now you can start talking numbers. How much would it cost to spend a month in Europe? How much would we need to save for a down payment? Together, create a savings plan that will help you reach your shared goal.
6.) Build a budget
Before you can start saving, you’ll both need to trim your spending. Without pointing fingers, discuss specific ways to cut back. Together, work out a monthly budget that accounts for all expenses and your new savings goal.
7.) Discuss money management
If you aren’t already sharing expenses, now’s the time to bring it up. There are no hard rules here; every couple has their own system. But, if you’re living together, it makes sense to split some basic costs.
8.) Recognize your partner’s strength
When dividing financial responsibilities, assign appropriate tasks that play to each partner’s strengths. Is your partner a stickler for dates and deadlines? Have them assume responsibility for paying the bills on time. Are you a numbers freak? You might want to be in charge of managing your joint investments.

You’ve made it through the money talk. Now, go make those dreams happen!

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