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?