Getting On the Same Financial Page as Your Partner
“It comes down to what aligns for you and your partner and what’s going to make your life easier.”
I truly feel there is no right or wrong way to handle your finances as a couple. As I shared in a recent Elle Magazine article, it really does come down to personal choice.
A 50/50 split may not be the best solution, especially if one partner earns considerably more or less than the other or maybe one person doesn’t want to pool all of their money together because of past financial trauma or money blocks.
Although the final decision does have to be one that aligns with both of you, it’s important to make sure communication, especially about finances is kept open and honest. Most people don’t like talking about money with their partner because of fear of being judged for a lack of savings or having shame around the debt you might be bringing into the relationship.
Although it may start off as uncomfortable, discussing the amount of debt, savings and even money personality types you both have will actually help your relationship. You can then collectively plan for your financial future and it will make those bigger investments, like a car or a house, easier to achieve together.
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