In relationships, discussions about money typically equal stress. But if you and your partner communicate openly about your finances, money talks don't have to be stressful. As I mentioned in Part One, How to Start the Money Talk, before you combine finances with your partner it is important to have a detailed discussion about your individual financial situations. Once you have a clear picture, it will be easier to set a plan for managing your expenses. The best way to deal with your money each month is to have a method in place that you both agree on. Here are a few suggestions for how to manage money as a couple.
You're engaged—congrats! Or maybe you’ve decided to take your relationship to the next level and move in together. No matter where you are in your relationship, if you are planning for a long-term future, it’s important to start thinking about your finances. According to CNBC, finances are the leading cause of stress in a relationship. Don’t let money get in the way of your and your partner's happiness. Knowing how to talk about money with your partner can be difficult, but before you combine your finances with your soon-to-be husband or wife, you need to have an open and honest conversation.