The way you manage money as a couple can tell so much about your relationship. While there isn’t one perfect way to do it, here are three money habits that happy couples have in common.
An open discussion about money is crucial. Talk about what your families were like when it came to money, what are your long-term goals, and what are your values. These talks will lead to developing your budget in a way that benefits you both.
While more and more people decide not to join all the finances in marriage, having a joint account for rent, groceries, utilities, and vacations can help you both feel better about budgeting money as a couple. It doesn’t have to be 50/50, you can do it proportionally based on individual incomes.
Planning for Emergencies
Couples who have some money left for emergencies tend to feel more relaxed and secure. Prioritizing this type of saving over reckless spending is incredibly important for every couple. They know they can count on each other in case anything unpredicted happens.