Ah February, the month of love. What better time to dig into your finances with your partner, right? Marriage and money can be a complex subject. I’ve written a little bit about the money moves my husband and I have made over the years to stay on top of our money game. But my best suggestion? Make time to go over your finances together.
The Impact of Regular “Money Time”
Regularly coming together to look at your finances is extremely important in marriage! Why? Because your futures are intertwined, and finances are a major factor in any potential future you share. If you’re not both on the same page about where your money is going and how close you are to reaching any goals, planning other parts of your future plans will be difficult.
Having regular “money dates” can make space for the time you need to get on the same financial page. Together, you can check in on accounts and investments, review your personal incomes, and set and monitor financial goals. Doing this regularly can build your motivation and help you stay on top of financial projects, like paying off debt or building an emergency fund.
Make It Fun
In my last post, I put up a book review of Bari Tessler’s The Art of Money. Check it out if you haven’t already! One of my favorite pieces of wisdom from her is that it’s important to try to make looking at your finances more pleasant for you! If it feels difficult to look at your accounts and really be honest with yourself, think about what you can do to make it more fun. This could be relaxing music, lighting some candles, a warm fire – anything to make the task feel more comfortable. This same advice holds for money dates with your partner. If it’s hard for the two of you to sit down and talk about money, brainstorm together about how you can make it more fun and bearable!
I hope this info has inspired you to check in with your life partner and gauge the path of your financial futures! I wish you smooth sailing. Check out my article on money buddies for more ideas!