3 Simple Financial Tips for Couples
They say money can’t buy happiness, but it sure can complicate a relationship. Financial issues are a common source of disagreement and are often listed as one of the primary reasons for divorce. However, that doesn’t mean couples should avoid the subject altogether.
A large number of American couples need to sync their financial priorities. According to a new study from Fidelity, 51 percent of couples admit to arguing either frequently or occasionally about money. Making matters worse, 38 percent of those couples never actually resolve their arguments in a mutually agreeable way. In fact, four in 10 couples don’t even agree on the lifestyle they expect to achieve in retirement.
“The fact that many couples disagree about money isn’t surprising, but the realization so many don’t actually resolve their financial squabbles is cause for concern,” explained Lauren Brouhard, senior vice president of Retirement at Fidelity, in a press release. “When it comes to making your relationship a financial affair to remember, even the closest of couples have opportunities to get more on the same page. Just as you plan for everything else in life, it’s important to make financial planning a regular part of your conversations.”
Let’s take a look at three simple tips to help improve your financial situation with your significant other.