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Don't Let Your Finances Ruin Your Relationship!

Don't Let Your Finances Ruin Your Relationship!

February 14, 2024

Discussing finances is crucial for a healthy relationship, though it might not be the most romantic Valentine's Day topic. Money problems often lead to breakups, emphasizing the need for open conversations. We suggest that you start by addressing money, lifestyle, goals, and dreams early in a relationship. 

Have an Open Conversation:

  • Initiate financial discussions early in the relationship.
  • Gradually disclose financial aspects and evolve the conversation.

Set Expectations:

  • Plan a designated time to talk about finances.
  • Prepare a list of topics to discuss without surprising your partner.

Talk About Your Debt:

  • Discuss all debts, including credit cards, student loans, and mortgages.
  • Transparency about financial struggles is essential for a strong relationship.

Learn About Each Other’s Relationship with Money:

  • Understand each other's spending habits and financial backgrounds.
  • Consider how financial trauma may impact conversations about money

Set Goals:

  • Schedule regular "money dates" to check progress and discuss financial matters.
  • Establish shared financial goals, such as budgeting, saving for a house, or paying off debts.
  • Making a plan with your partner reduces overwhelm and aligns priorities.

Get Professional Help:

  • Seek professional assistance if financial struggles become overwhelming.
  • Couples therapy or financial advisors can provide guidance and support.

Remember, discussing money openly and setting financial goals together can strengthen your relationship. Regular check-ins and utilizing resources can contribute to a healthy financial partnership. If needed, don't hesitate to seek professional help. You can always reach us at (704) 216-2260 or office@bradshawrogers.com with any questions you may have.

Adapted from AP News