How to get on the Same Financial Page with my Partner?

on the same financial page with your partner

Getting into a relationship is not easy. Getting on the same financial page with your partner can be way more difficult. So, this article is going be about how to manage your finances if you are no longer single.

“A dream you dream alone is only a dream. A dream you dream together is reality.”

― John Lennon

Many relationships usually start from shared dreams and beliefs. Let your dreams work for you. For example, a shared dream of having a baby can make you become more organized in respect of your finances.

The moment of change

This is a vital step to take. Only after you realize the need of change, you will actually be able to change yourself or something around you. After it, you might start reading blog posts like this or even personal finance books to understand the essence of things. And if so then you are on the right track. This I call the phase of personal enthusiasm. However, you should make sure you do not get stuck there. You need to share your enthusiasm with your partner too if you really want to get on the same financial page with them.

Basically, all you need to do is to ask them to just sit down and figure out where you are at in terms of your finances. Because, you know, it’s not only about having the desire to get something, it’s also about achieving it. For example, most couples are dreaming about a house. And, yes that’s cool! However, they need to unite their efforts to get one. At first, it might get really awkward to discuss money issues with someone you have always been sharing your romantic fantasies with. However, it’s not impossible either. You need to see where you are at the moment, what you want to get, and how you are going to get it. As soon as you make these three things clear, it will be way easier to start saving money or paying off a debt or whatever you need to do to achieve your long-term goals.

Being honest about everything!

Well, I mean it! Being honest about everything means sharing everything with each other. This also includes sharing bills, taxes, purchases etc. Being fully on the same financial page means to adopt a new policy of sharing information, worries, and even fears with each other. This will help you get rid of the “tactfulness” and start evaluating the situation in a more accurate way.

Drafting an action plan

As soon as you have set your goals, draft an action plan and start implementing it. I am not talking about merely creating a to-do list. I am talking about setting short-term goals that can be easy to achieve in limited time. You can consider doing the following things:

  • Build a strong emergency fund
  • Control how you spend so that you can pay off your debt more easily
  • Smooth out the bumps on your credit report and improve your credit scores

Well, hopefully, this article taught you that dreaming big is not that risky. The whole thing here is about honesty and the right mindset. As soon as you have these, you can achieve your long-term financial goals with your partner.

Also published on Medium.

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