Happy Valentine’s Day everyone! Yes, I realize it’s not for everyone, but I like having a special day to look forward to in the middle of a cold, dark winter. And I’m very sensible – I told my husband not to bother with flowers this year since we’re going away the following day, and I really wouldn’t get to enjoy them! 
So, how do you make sure your financially compatible with your special someone? Here are some tips to make your finances work as a couple:
- Bare it all – financially! Figure out where you stand as a couple – looks at everything you own and owe – from bank balances to credit card statements.
- Decide how you want to manage your day to day finances – do you want joint accounts or separate? How will you handle your monthly bills?
- Set goals and make a plan to achieve them. Whether your priorities are to get debt-free or to buy your first home, you’ll need to agree on a plan to get there.
- Talk it out regularly. Have a regular money meeting to troubleshoot any issues and help you keep your plans on track.
How do you make sure you’re financially compatible with someone?
Happy Valentine’s Day! As a couple it’s important for us to be on the same page. If we didn’t talk about our financial health we would have no idea if goals whether long-term or short-term were being met or on their way to being met. So many couples fail to do the “money talk” and it’s why they dig holes for themselves. It’s not that hard, just talk about it,make a plan and set out to achieve.
Canadian Budget Binder recently posted..Dumpster Diving~The Top 5 Rules For Finding The Good Free Stuff!
We dealt with this very early on to make sure we were on the same page. Thankfully we are and it makes things much easier for all involved. Plus, my wife showed me her budget when we were dating…it was a deal closer.
John S @ Frugal Rules recently posted..4 Reasons Why Having an Investment Plan Will Save Your Butt
Awesome. That is pretty romantic John.
. Your wife is a keeper!
Happy Valentines Day or Singles Awareness Day we singletons call it. I agree with your post. It’s too important not to be on the same page….especially when it comes to finances.
Eddie (@Finance_Fox) recently posted..Alternative Ways to Save on Auto Insurance
I like the alternate title Eddie.
And yes, not being on the same page financially can be very very bad for a marriage!