Couples Managing their finances

[2:11] Why you can’t strong arm your partner

You can’t adopt the “my way or the highway” approach. Committed relationships require compromise Money is a team sport You can keep your money separate and if it works for you then that’s great but you need to find something that works for you both. It’s a difficult thing to talk about but its’s important to get on the same page. Don’t get emotions involved

[4:21] How to handle the spender and saver relationship

Denis is the spender and Katie is the saver despite her student loans and debt. Finding the balance is tricky- you need to be open to hearing other people’s ideas You need to find balance in your relationship or your middle ground.

[6:35] Things to mention before getting serious with money

Tell the other person your “deal breakers” and anything that if the role was reversed you think the other person should know Try to get on the same page as early on as possible Some things can be red flags for you- find out early!

[8:50] How to agree on money goals

Something you should do as a couple – you need to find out what works for you Long term- what are your goals and how are you going to get there Setting goals is super important- 800% more likely to achieve a goal if you write it down Review your goals after a period of time Setting new goals and crossing things off is super powerful

[11:20] Combining incomes as a couple

This is a tricky aspect to approach There are pros and cons to whatever approach you take You need to find what makes you and your partner comfortable There’s nothing wrong with having a separate bank account Maybe wait until you’re married to have a joint bank account