Each partner has a unique background which may lead to vastly different experiences, financial priorities, and money habits. One may prioritize setting up a beautiful living space right away, while the other feels having an emergency fund and funding retirement is their top priority. If you understand this at the start of the relationship, you can find a middle ground before you have any problems. One good example is to set a minimum savings goal and then allocate an amount for each partner to do whatever they want with. The saver can still choose to save that money (maybe in their personal rainy-day fund) while the other knows they have some funds each month for whatever they want.
Check out Financial Essentials for Couples to delve into this topic, and many more. Subjects important to couples such as a joint budget, separate and joint property, Wills and Trusts, cohabitation and prenuptial agreements, and investments are covered. Make your dreams become reality by creating shared goals and values in how to manage your money!
Financial Essentials for Couples is available on Amazon. Find the Amazon link, a blog, and more descriptions about our books on our website at https://parentsfin.wixsite.com/website/books
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