GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’ve got the option to read more about oureditorial guidelinesand our products and servicesreview methodology.
Fortunately, these conversations dont need to be stressful.
As corny as it sounds, it can actually bring you closer together.
The secret is to head in with the right attitude.
Here are his tips below, and you could also check outSethis brutally honest money advice here.
Be Honest
The idiom honesty is the best policy holds true when it comes to discussing money.
Its important to be open and truthful about money when talking with your partner, Sethi wrote.
Hiding your money or being untruthful about it can be a huge source of conflict in your relationship.
Begin the conversation with your income, Sethi wrote.
By knowing each others income, you could decide how to use that money together.
Discuss debt and expenses, Sethi wrote.
Give an overview of all the debts you both have and make a plan for what to do next.
One might have a scarcity mindset and save every penny, while the other might be an overspender.
Even if you fall somewhere in the middle, its important to understand your unique values.
Dont forget about invisible scripts, Sethi wrote.
We all grew up with beliefs about money that can influence us (either positively or negatively).
To get on the same page with your partner, spend some time evaluating your unconscious thoughts about money.
Talk About the Fun Aspects of Money
Money conversations dont all have to be so serious.
For example, you could discuss saving together for your dream vacation.
Some ideas include:
The biggest mistake you could make is not discussing money at all.
The person you are in a relationship with will impact how and when you reach your financial goals.
In fact, your financial goals may change because of the relationship.
More From GOBankingRates
Share This Article:
