Okay, so last week I promised that we’d tackle the issue of different spending styles within a couple and I’m ready to jump right into it with you. If you and your honey are having a hard time seeing eye to eye on where your cash should be flowing, keep reading for a fun and easy way start down the path toward financial bliss, together.
1. What’s your financial personality?
First thing I want you to do is figure out your financial personalities. Are you a Luxury-Goods Lover? The Life of the Party? The Obsessive Tracker? Each of us has our own approach to dealing with money, but few of us are really aware of exactly what characteristics go along with that.
If you don’t think you fit into any of the categories I’ve listed, come up with your own! Ask your significant other to help you if you’re having trouble: sometimes the people we love see us much better than we can ever see ourselves.
2. What’s important to you?
Once you’ve given your financial personality a name, write it at the top of a sheet of paper and then list the five things you think you should be spending money on. Do you want to buy a house or apartment in the next couple years? Pay off your college loans? Get the next iPhone as soon as it comes out? Be honest; no one’s here to judge you!
3. How do you compare?
Now that you both have your lists, take a look and see if there’s any overlap: those are the things that you two should be focusing on together. Make a commitment right here and now to put those priorities above all others. This will help you two stay on the same page, even when it seems like things aren’t going exactly the way you wanted them to.
If you don’t have any priorities in common, it’s time to have an honest talk about your next steps together. Respect the fact that neither of you is “right” or “wrong” or “good” or “bad,” but rather that you’ll both have to make some compromises and find common ground.
4. Have a drink!
You guys deserve it. Talking about money is really tough!