Tips to Talking About Money

Talking about money with your partner is tough. Eventually, we all have to do it. Don’t try to negotiate about money before airing your feelings; otherwise, negotiations will always break down. Here are some tips to get started with talking to your partner about money:

  1. Find an appropriate and stress free time when money is not a loaded issue (don’t use tax season for example).
  2. Articulate your concerns and fears about your partner’s money style. After you express your concerns, acknowledge what you admire about their methods.
  3. Talk to your partner about your goals for the future, short and long-term.
  4. Share your hopes and dreams.
  5. Contemplate making a shared budget or a spending plan together by merging your hopes and the goals.
  6. Set up a time to have the next talk. Aim for weekly conversations in the beginning, then monthly ones.

Source: Mellon, Men, Women, and Money