Important Money Habits of Highly Effective Couples

Here are 10 habits that can help you become one of those couples that “have it together” when it comes to their money — and tips on how to get there.

10 Money Habits of Highly Effective Couples

Start making a list of your individual expenses, the kind that you each pay independent of the other, such as gym memberships, gifts for family members, and how much money you tend to spend on the things you want.

1. Understand You’ve Shared Vs. Personal Expenses

10 Money Habits of Highly Effective Couples

Let’s face it; not everyone comes into a relationship with all the financial know-how. Rather than expect the more free-spirited person to become the master of spreadsheets, think about how they can best contribute to the financial relationship.

2. Know Your Strengths and Weaknesses

10 Money Habits of Highly Effective Couples

Couples that manage their incomes effectively juggle their short-term and long-term goals and allocate their paychecks into the near and distant future.

3. Understand Your Needs, Wants, and Goals

10 Money Habits of Highly Effective Couples

Taking the time to learn each other’s money stories and how their attitudes developed over the years can help couples build intimacy and understanding.

4. Learn Each Other’s Money Stories

10 Money Habits of Highly Effective Couples

Conversations about money can be really stressful and end with fights and recriminations. A solution is to set up a monthly money date to soften the tough topics’ blow and make them more regular so that there are no jolts or surprises.

5. Set Up Monthly Money Dates

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