: Couples with strong relationships have these money issues in common

by | Dec 23, 2022 | Stock Market

Start the New Year with a stronger and more stable relationship with improved money habits with your partner. Many couples feel stress around their differences. When money gets involved, many prefer no discussion at all. But solid, successful relationships mean being able to have productive money conversations.

First, you need to understand what is important to share and discuss. 1. Discuss your financial past. Susan Zimmerman of Mindful Asset Planning in Apple Valley, Minn., suggests you start with the question: “What was the financial atmosphere in your family when you were growing up?”  From there, discuss the money messages you received, she says. Your financial history is an essential part of you and your partner. If you cannot take this first step, ask yourself: Is this the right person for me, or is the topic too difficult? Is the issue that you cannot trust them, or do you feel uncomfortable talking about this subject with anyone?  Old habits die hard. If you grew up in a household that didn’t talk about money, you may need a professional to help you break through this pattern. If you feel that sharing this part of your past will lead to a loss in independence, you have another issue. Either way, consider talking to a financial therapist.        …

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