Romance & Finance: Topics Couples Should Talk About This Valentine’s Day
Tomorrow is Valentine’s day once again and most of the people are probably looking for gifts to give to their significant other to make them feel special on the day of love. Since you are thinking about your sweetheart, this occasion might be
Money matters are one of the major reasons why couples break up. It is important for couples to discuss the current financial situation, debt, investments and future financial goals to avoid money-related issues in your relationship later on. So this Valentine’s day, make it a point to discuss your finances with your partner to make sure that you are not only emotionally compatible but financially compatible, too. Here are some topics you can talk about:
Knowing your financial perspective is equally important to knowing your perspective into life. If you are in a boyfriend-girlfriend type of relationship, it is important to know the financial views of your partner as early as now or before you even get married. You may ask the following questions to each other like what are your views about money? Do you have money values in common? In what ways do you differ in terms of views in money? — and other questions that might help you discover your significant other’s financial perspective.
Be transparent on your finances
Do you currently have financial commitments like paying loans or supporting your parents or siblings? Or do you have plans for your money like setting aside funds to buy a house or car? If you do, make sure to be open to your partner and be transparent about your financial commitments. Healthy relationships are built on transparency and trust so keeping secrets to your partner is not a good idea.
It is also advisable to talk about debt into the relationship to make sure that both of you are on the same page. Make sure that your idea of “good” debt and “bad” debt are in line with each other. For example, some people think that getting a car loan is a “good” debt while others think it is a “bad” debt. Make it a point to discuss your views with your partner to avoid future conflicts in case you both want to apply for a loan in the future. Also, if one of you is currently in debt, it will also be good to discuss so the other half will help you deal with it and support each other.
Overall financial plans
It is also a good idea to know your partner’s financial plans and goals for you to know where each of you is going. For instance, it is good to know each other’s saving plans, insurance plans
The foundation of a happy and healthy relationship is built on communication and trust. It is expected that each of you have different views about finances as each person is different. However, what matters most is to keep each other in the loop and to regularly communicate and discuss money matters for a stronger relationship. After all, the best gift that you can give to your partner this Valentine’s day is a stable and happy relationship that lasts a lifetime.