Seven Steps Couples Should Take Before Blending Their Finances

Whether you’re a few months or a few years into a relationship, talking with your partner about money can sometimes feel awkward. You may have different goals for your money or different behaviors regarding spending and saving, and these differences can sometimes be the catalyst for arguments you aren’t sure how to solve.

, follow these seven key steps.

Below, they elaborate on each suggestion, explaining why having meaningful discussions and ensuring you each have a stake in the game will not only make you stronger financially but as a couple as well.

found that 48% of respondents admitted to committing financial infidelity, with some even keeping hidden purchases from their partner.” —

agree on, it makes any disputes that come up in the future very easy to handle. Simply answering the question, ‘Does this align with our goals?’ will solve most issues.” —

and how you, as a couple, will meld these relationships to accommodate both of your beliefs, needs, wishes and wants.” —

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. This involves openly discussing income, expenses, savings goals and financial responsibilities. A joint budget helps you understand each other's financial habits and priorities, leading to a unified approach toward spending, saving and investing. It fosters the transparency and trust essential for the relationship!” —

“Don't blend everything. To keep a healthy marriage, keep some money for yourself. If your partner craves the latest iPhone and you collect rare comic books, you don't need to fight. Instead, budget for both. Agree on how much ‘fun money’ you two will set aside, whether it's a percentage of salary or a dollar figure. That won't stop each of you from being judgy, but it will stop you from arguing.” —

“One important step couples should take as they start blending their finances together is establishing open and honest communication about their financial habits, goals and expectations. This helps build trust and align the couple's financial goals. Open communication about shared finances is a critical aspect to achieving financial success.” —

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