Love and Money Matters

If you’re looking for love, getting your finances in order now will not only make you a more attractive prospect, but will help build a healthy relationship. If you’re already in a relationship, recommit yourself to building a stronger and more financially secure partnership by following a few helpful suggestions:

Don’t be afraid to share your feelings. No matter how unromantic, having an open and honest discussion about your financial past and future is vital to your financial success. Remember that everyone has their own money style, which has been shaped by their past experiences. Approaching money issues honestly and openly gives you a much better chance at a strong, healthy financial relationship. 

Learn how to communicate with your partner about money by attending the
free webinar titled Let's Talk: Couples and Money.

Make a commitment. No one cares more about your financial security than the two of you. Make a promise to each other to take joint responsibility and take steps to better your overall financial position by paying down debt and establishing a savings cushion. Establishing a savings cushion could keep a financial setback from becoming a financial disaster. And, reducing debt allows you to make smart financial choices in the future. 

Set financial goals and vow to keep them. Make sure that your goals that are both specific and achievable. Try to set goals that are equally rewarding so that you’re both working towards the same goal. Depend on each other for support and encourage one another to stay focused and committed.

Spend some quality time. Schedule a time to meet each month to discuss your financial goals and expectations. Review your budget regularly in order to identify problem areas. Don’t be discouraged by the occasional setback. Make adjustments as often as needed to ensure financial success.

It is a well-known -and unfortunate- fact that financial problems are one of the leading causes of disagreement for couples. Because money matters, it’s important for couples to devote more time to improving their financial standing.

For more tips on harmoniously marrying two financial situations, download Love and Money: Your Guide to the Coupling of Finance and Romance. It’s free!

Kim McGrigg is the former Manager of Community and Media Relations for MMI.