How To- Know When to Have the “Money Talk”

When is the best time to have “the talk”?

There comes a time in every romantic relationship where you need to see if you are on the same page when it comes to values, goals, dreams, etc.

And your money habits, situation, and goals are no different.

But, this can be such a tricky subject.

Will your partner be scared away by your debt? Is (s)he a carefree spender while you are a saver (or visa versa)? Will (s)he care more about your money than you?

You get the idea. It is no wonder why money and finances are so difficult to discuss.

Some people go their whole adult lives without having this conversation. Sometimes their partner does not know the truth until after they are dead.

So, when is the best time to have “the talk”?

Well, to be honest, it varies from couple to couple. But, as a general rule, the money talk is best had relatively early in the relationship- around the same time as the sexual health and std conversation.

And if you are well beyond this stage of your relationship?

Then make a pact to create a safe space, set a time and come to the table with a full list of your debts and assets. Be prepared to discuss where you are, where you want to go, and how you plan to get there.

This works even if one partner has been taking care of the finances and the other does not participate. In this case, the financial partner will bring the list, as well as any vital information about accounts that the non-financial partner should be aware of.

In either case, you could make it an annual event to have a “State of the Union” meeting and see where you are and how far you have come.

Do you and your partner do this? If not, what is holding you back?

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