Oh Baby, Talk Finance To Me! - How to Discuss Money In A Relationship?

Critical Thinking Required

This is part I of the episode where we discuss how can a couple/partners talk about finances. A survey showed that 41% of divorced Gen Xers and 29% of Boomers say they ended their marriage due to disagreements about money. Talking about money is important for any couple, whether you are dating, are domestic partners, or are married. “Even at the dating phase?” you ask. Yes! Money means different things to different people. It may be about security, reward, ability, a means to an end, or to a lot of first-generational wealth: empowerment. So it’s a good idea to ask yourself and then your date, what does money mean to you? That answer may significantly impact your dating pool. Second phase: now you are in a steady relationship, you need to build a routine together: Do you want to join finances?; Should you have prenuptial conversations?; How do you feel about gifting/charity? As we always say, it’s better to have these awkward but critical discussions when everything is good. For part II of the episode, we are going to talk about the third phase: managing your finance routine as a couple.