Talking Money with Your Partner

Money can be a touchy subject for any couple. Even if you agree on everything else, discussing finances might feel challenging. But by getting on the same page, you can significantly reduce stress. Here are some tips to help you navigate these conversations:

1. Set Your Goals
Start by discussing what’s most important to you. Go beyond just paying off the mortgage—think about what you’d like to do once it’s paid off and why it matters. When you share your vision of an ideal life, you can begin the real conversation. Meeting with a Certified Financial Planner® can be incredibly helpful in defining your short- and long-term goals and creating a strong financial plan.

2. Create a Plan
Once your goals are set, work together to create a clear plan. Whether or not your goals align perfectly with your partner’s, collaborate with your financial planner to explore different strategies for achieving them. A planner can help you:

Discuss and visualize your shared goals.
Communicate what you both like (and don’t like) about potential plans.
Establish the necessary steps to meet both sets of goals.
Talk about compromises if needed.

3. Check In Regularly
Regular check-ins are crucial for staying on track and reducing financial stress. Make it a habit to:

- Review your financial progress—how have things changed since you became more mindful of saving and spending?
- Reflect on your goals—are they still important? If you’ve made compromises, how do you feel about them?
- Communicate with each other—are your goals still aligned? Do any adjustments need to be made?
- Consult with your planner—what new questions have come up? Remember, your planner is there to help you refine your plan as needed.

Creating a comprehensive financial plan with your partner sets the stage for making the best choices for your future together. A professional financial planner can guide you every step of the way.