It is so important to learn how to talk about money with your spouse. Some try to avoid that dreaded discussion but doing so could actually cost you your marriage (no pun intended). The leading cause of divorce is financial differences so not talking about money is a huge potential problem. Most couples have a hard time with this for fear of being financially vulnerable. For some reason, the thought of being so exposed, even in front of your spouse, is frightening for so many people. But not having a conversation about your income, long-term savings goals, and in general how you like to spend your money can really take its toll. Once you talk about money with your spouse, communication in the future will become easier regarding your finances. Check out my advice on how to talk about money with your spouse below:
- Get past the fear of discussing your past financial mistakes.
- Listen without having your defenses up.
- Don’t judge the other person’s spending habits.
- Create a financial budget you both agree on.
- Discuss all financial responsibilities as individuals and as a couple.
