The 1990s famous trio, Destiny’s Child once sang, " Bills, Bills, Bills" The topic of financial difficulties for some relationships has been left ignored and has resulted in frustration and caused a separation for some. For others their financial worries have been cured through time, however, in today’s economy the financial topic still continues. From the moment your live-in boyfriend, partner or spouse have the discussion, make sure your ears are open and your brand new Gucci shoes are hidden in the depths of your closet. Discussion should occur and they will depending on your salary or your partners, spending habits and saving for future expenses. I have offered four tips to successfully discuss the importance of saving your money and your relationship.
1.Discuss weekly about how you spend your money. If one prefers to spend his or her money on food and the other on clothing, make sure both of your aware of each other’s interests and calculate each week how much one of you might spend towards it. 2. Provide disclosure, therefore each person is fully aware of each other’s income, debt and monthly payments.
3. Set financial goals together like how much money both of you should set aside for your child's education, RSPs or an exotic vacation.
4. Always check in with each other about purchases you have made and purchases you wish to make in the future, like purchasing a new fridge or a living room set.
Till next week,
Your,
Relationship Guru
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ReplyDeleteSome excellent advice. Their are too many things to fight about in this day and age. Don't make bills one of them!
ReplyDeletePersonally, I just let Nicole figure out our bills and just spend money. Spend it now, worry about it later.
ReplyDeleteI would also advise to stay open with your finances. Brent and I have a monthly budget which gives each of us "personal money". We can spend that on whatever we want, no questions asked. It has worked out well for us.
ReplyDeleteThis economy has not been kind to my significant other and we have spent almost our entire six-month relationship hanging out at home and watching movies or attempting to enjoy the great outdoors by riding his quad. Canadian winters do not allow for much outdoor activities, when blistering winds make you shrink down into your polar fleece. My man is always saying that he wishes that we could afford to go out and do more, but I tell him that there will be a time for that. I don't care what we do, just as long as we are together. I know it sounds cliche, but there is a time and a place for everything. Money is one of those things that is only as important as you make it. Value each other first, and money later.
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