How To Have Healthy Money Habits In Your Relationship
Neale Sheila Godfrey is an American author, acknowledged expert on family and children’s finances and creator of the topic of kids and money in the United States, with over 26 books on financial literacy, intended for both children and adults.
We are so excited to have her here with us today for another Financial Friday blog series!
Finances are an enormous area to navigate in marriage and in other intimate relationships. In fact, according to recent statistics, 85% of divorces are rooted in money problems.
I’ve had plenty of friends come to me complaining about financial issues with their partner. Unfortunately, it is extremely common. However, there are plenty of people who also thrive in their relationships when it comes to money. How do they do it? What makes them different from the rest of us? Let’s dive into some of the best ways to speak about money in relationships:
#1. Come Clean With Your Transparency
One of the biggest reasons couples begin having a hard time with money is because they aren’t completely transparent with each other. From day one of entering a committed relationship, all things money related should be laid on the table.
Debts, assets, resources, income, loans, etc. should all be information that both partners are 100% aware of. There is no good reason to keep anything money related a secret when you are about to begin a life together with someone.
For the rest of Neale’s tips and more information about taking control of your finances, visit the full blog here:
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