The merging of two financial lives into one can create havoc on even the strongest of relationships and especially if money talks were never tackled beforehand.
Ideally, financial discussions should have happened long before the marriage; however, it is never too late to try to understand your partner’s feelings about money and how compatible they are with yours.
The following quiz can help provide some insight into you and your spouse’s financial compatibility
Ideally, the answers to all the above questions should be yes.
To achieve complete financial unity may not be a realistic goal for many couples but to achieve greater financial compatibility is. However, this does require a lot of work. Here are a few tips to help improve your financial compatibility:
If you are finding it a challenge to have these important money discussions you may want to seek the advice of an experienced financial planner.
A financial planner can help you identify differences you may have and how you can work towards finding a happy medium, which is valuable and meaningful to you both. When there is mutual understanding about financial goals, couples most often will work together to achieve them resulting in fewer money confrontations. You can then redirect such valuable energy towards building a more positive and prosperous future together.