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Struggling with finances is never easy — but it becomes extra difficult when your partner isn’t on the same page as you. Basic choices about where to live, how often to cook at home, what to buy for the kids, etc. can become painstaking decisions that cause you stress and heartache! The good news is that it’s possible to improve your communication about finances and to compromise and work together as a team. Here are some tips to help you do so.
When you’re ready to make a financial decision or investment, it can help both people to ask each other good questions. For instance, if you’re considering making a big purchase, ask how it can benefit your lives or help you make money. If you’re looking to start investing, question what’s the best online investment company to use. Sometimes simply spending more time considering the impact of a decision can be enough to make you see eye to eye.
If your partner wants to spend money or refrain from spending money in a way that you don’t agree with, hear them out. Listening to their ideas and understanding their way of thinking can be immensely helpful in coming together on your common values.
It’s important to have a big picture of what your goals as a couple are. Do you want to own a home or pay off a mortgage? Set aside money for college for your kids? Save for a vacation? Outlining your shared goals is a great way to make sure you are using your money in the best ways.
The single most important thing you can do to set up your financial lives for success is to make sure to spend time in conversation together about money. This will help you make better financial decisions and you will feel like you are on the same team with shared interests and working together to address financial challenges and fund your dreams and your life.
You and your partner can look forward to a great financial future if you take a few steps to communicate better and to make decisions together!