How to talk to your partner about money

Talking about money can be difficult for anyone but talking to your partner can be so difficult.

Many people are scared to talk about their debt or lack of savings with their partner out of fear or shame.

I was the same, I was so worried telling my partner about my finances, my lack of savings and my total debt. We were discussing about the possibility of us living together and I did not want him to think any less of me. But once I take that step it was a weight off my mind, we are now so honest with each other about money.

So I will be sharing how to talk to your partner in detail about your finances.

Make time for “the talk”

It is so easy to say we are busy so we don’t have time to have ” the chat”. But not talking about your finances early on can cause problems in the long run.

Now, I don’t mean on your first date getting your bank statements out and telling all, but once the relationship starts to get serious and talks of the future happen this is the best time.

According to Business Insider talking about money early on is crucial and can make or break a relationship.

Be honest!

Don’t do what I did and lie about your finances or hide the real truth. Be completely honest, own it! This is the first step in owning up to your past mistakes and moving forward.

Not only will it help you are your partner grow as a couple, it will help you on your journey as well. The moment I told my boyfriend about my finances, I felt relief, that I was finally admitting I needed to change.

Create a money goal together

Once we had a conversation about our finances, we then decided to work together. We have worked together for the last 3 years to increase our savings.

We motivate each other, every month we keep each other in check and work together.

Creating a joint goal has made this financial journey slightly easier, as I have someone to talk to, someone who is going through the same thing.

So why not create a goal together? Work towards the same goal and motivate each other.

Don’t let money take over your relationship

Money is the most common cause of rows in relationships but do not let it take over your life.

I love talking about fiances but my boyfriend and I do not let it take over our relationship. We check in with each other once a month and that is it. Doing it this way has allowed us to not be consumed by money.

I hope this post has given you some tips to discuss money with your partner.

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