Consumer Tip
Financial stress can take a terrible toll on relationships – in fact, money is the issue that couples argue about the most, and a huge percentage of divorces result from financial troubles.
To improve the financial health of your relationship, plan your short-term and long-term financial goals as a couple. Draw up a budget together and update it regularly; once a month at least. This is an empowering exercise that will help both partners to stay equally involved.
Keep your own separate bank accounts, as well as a joint account. This means you have some money of your own to spend or save independently, while pooling the rest of your money together to cover major living expenses.
Lastly, remember that money is just a tool at the end of the day. It reflects what you can afford, but it’s not a reflection of who you are as a person!