How to manage your money as a couple
Studies show that money is one of the leading cause of relationship problems.
Let’s face it, whether your relationship is just blooming or you’ve already walked down the aisle, you and your partner need a practical system for talking about, saving, and spending money. The good news is BetterMoneyHabits.com offers practical advice for managing money as a couple.
Here are five tips to get the conversation started with your loved one:
Tip 1: Strive to have an open and honest conversation with your partner about finances.
Tip 2: Establish an emergency fund for life’s unexpected bumps. Learn more here.
Tip 3: Plan for long-term priorities first, such as retirement or college, and only then focus on more short-term goals. Learn more here.
Tip 4: If you need to borrow money from family, honesty and transparency is key.
Need motivation and support to save as a couple? Let America Saves help you reach your savings and debt reduction goals. It all starts when you make a commitment to yourself to save. Take the first step today and take the America Saves pledge to save money, reduce debt, and build wealth over time. And it doesn’t stop there. America Saves will keep you motivated with information, advice, tips, and reminders to help you reach your savings goal. Think of us as your own personal support system.
Top tips for managing money as a couple: http://bit.ly/29UWBks v/ @AmericaSaves @BofA_Tips #relationships #savings #BetterMoneyHabits
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- Written by Madeline Daniels
- Category: Blog
- Published: 12 July 2016