Now here’s a topic some partners have trouble talking about. If you and your spouse do not communicate about money, it’s a problem waiting to happen.
Money is tied to everything we do in life which is one reason it’s so important to communicate about money. Unfortunately, money and stress go hand in hand in some marriages which is why it’s no surprise that money has become a leading cause of divorce in the United States.
When two people have different spending habits or financial goals, many feelings and emotions can arise from the lack of seeing eye to eye with money.
Here are a few of most common feelings and issues that arise:
So how can you do that?
One great way to start an open dialogue is not to talk about the past and who did what but to instead focus on the future. Talk about your goals and what you want your future to look like.
When two people can come to an agreement on their future they can begin to openly discuss how to get there. Using tried and true principles about saving, investing, spending, use of debt, etc… they can develop a path which is the best way to get to the desired future. If it’s a future they both want and a path agreed on, they’ll become an unstoppable force working together.
It’s like draft horses. One draft horse can only pull 8,000 pounds. So you might think two could only pull 16,000 pounds but you would be wrong. Two draft horses can actually pull 24,000 pounds! The power of two working together equals the power of three working individually. That’s the power of working together and getting on the same page!!
If you and your significant other would like to improve your financial situation click here to schedule a 15-minute call with a financial coach. The 15min call is free.