First comes love, then comes commitment, then comes financial partnership.
Individuals who come into a relationship with solid money habits have an advantage, but to make love work, it’s essential to merge skills to make the most of dual incomes and hit shared goals and dreams. Financial planning can be a source of frustration and friction when you have different attitudes toward saving and spending or aren’t sure where your money should be going.
Being a financially effective couple has nothing to do with being rich. It has to do with managing the money you have and allocating it effectively toward the things you value and want to do in life. It also comes from knowing you and your partner’s money stories and money personalities.
There’s no handbook for how couples should manage their money effectively because, well, each couple wants different things out of life. Still, there are ways to grow your money together while keeping arguments to a minimum.[Read more…] about 10 Money Habits of Financially Successful Couples