Are you putting money away in your savings account or living paycheck to almost paycheck?<\/li>\n<\/ul>\n\n\n\nNone of these situations are inherently good or bad, and we\u2019re not attaching any moral judgment. But taking a look at these spending habits can help you figure out your financial compatibility. <\/p>\n\n\n\n
Say one of you plans special dinners at home so you can pay off your student loans, but the other wants to try a new hot spot every weekend and never misses Sunday brunch. <\/p>\n\n\n\n
That\u2019s a pretty big hint that money will become a huge issue as your relationship progresses, especially if the two of you can\u2019t seem to meet in the middle. <\/p>\n\n\n\n
It\u2019s time for The Talk<\/h2>\n\n\n\n
If you\u2019ve decided to move in together or get engaged, you\u2019ve probably thought about how early in a relationship should you talk about money. You\u2019re committed to each other, so you need to be committed to an open and honest chat.<\/p>\n\n\n\n
Even if it\u2019s awkward or difficult, you have to sit down and discuss your feelings about finances in detail. After all, it\u2019s better now than in bankruptcy proceedings or divorce court. Plus finding a trustworthy and cheap bankruptcy attorney or divorce lawyer isn\u2019t easy.<\/p>\n\n\n\n
Here are some specific items to address.<\/p>\n\n\n\n
1) The amount of debt you have<\/h3>\n\n\n\n
This shouldn\u2019t be a topic of conversation when you match up on your dating app, but you definitely need to share this information when your relationship gets serious.<\/p>\n\n\n\n
2) One bank account or two<\/h3>\n\n\n\n
Even if you\u2019re ready to move in together, you might not be ready to combine your bank accounts. No one plans to split up, but it happens. Take note that the laws that cover assets for married couples are not the same for couples who haven\u2019t tied the knot.<\/p>\n\n\n\n
3) Your financial plans for the future<\/h3>\n\n\n\n
Current finances are vital conversation points, but so are your future goals. Are you planning to advance your education? Do you want to buy a house? What about saving for retirement?<\/p>\n\n\n\n
4) Meet you in the middle<\/h3>\n\n\n\n
If you and your partner approach money differently, where can you compromise? Turn a ten-day trip into a weekend getaway? Get takeout instead of going out for a night on the town? Make date night a movie double-feature on the couch?<\/p>\n\n\n\n
5) Deal or no deal<\/h3>\n\n\n\n
Do either of you have any financial deal-breakers? If your partner comes to the relationship with a certain amount of debt, will you walk away? Are secret shopping trips the last straw?<\/p>\n\n\n\n
These are not light and fun conversations. As tough as they might be earlier on in the relationship, they\u2019ll be much harder after you move in together, get married, or get engaged.<\/p>\n\n\n\n
A little advice<\/h2>\n\n\n\n
Once you and your partner have decided that you\u2019re serious and ready for the talk, you can do a few things to make your chat about your financial status go as smoothly as possible.<\/p>\n\n\n\n
1) Find a good time to talk<\/h3>\n\n\n\n
If one of you is putting in extra hours for a huge project at work, it\u2019s probably not the best time for a serious money talk. Coming to a potentially stressful discussion when you\u2019re already frazzled is a recipe for disaster. Still, this talk is important. Schedule a day off to hash it out if you need to.<\/p>\n\n\n\n
2) Put your cards on the table<\/h3>\n\n\n\n
It\u2019s not that you hate the collection of movie memorabilia. It\u2019s just that you can\u2019t believe there\u2019s another prop on the bookshelf when you\u2019re trying to save for a down-payment on a house someday.<\/p>\n\n\n\n
3) Be honest<\/h3>\n\n\n\n
Lying now will cause stress and arguments in the future. Your partner will likely find out about your actual income or the late credit card payments. Fess up and work together to solve any issues.<\/p>\n\n\n\n
4) Tune in<\/h3>\n\n\n\n
If you\u2019ve made the time to talk about money, be all in; no Netflix nor texting. You\u2019re committed to each other. Commit to the conversation.<\/p>\n\n\n\n
5) Be open to your partner\u2019s feelings<\/h3>\n\n\n\n
You think it\u2019s a splurge, but your partner thinks it\u2019s a great deal. You might think that a designer bag at 75% off is a bargain. Disagreeing on things is okay as long as you\u2019re still working toward the same future financial goals.<\/p>\n\n\n\n
So, how early in a relationship should you talk about money?<\/h2>\n\n\n\n
Your first date at a coffee shop is likely a little too early to talk about finances. You\u2019ll come off as a gold-digger or creepy stalker. \u201cPlease pass the sugar. By the way, do you have a large life insurance policy?\u201d<\/p>\n\n\n\n
This goes for the entire period when you\u2019re learning about each other\u2019s guilty-pleasure movies and favorite restaurants. Any serious conversation may complicate things too early.<\/p>\n\n\n\n
Before things get serious, though, sit down and be open about your finances, especially if you are planning any major life events together. This conversation is vital to the success of your relationship. <\/p>\n\n\n\n
This article was written by Chris Muller, a professional personal finance writer who has written for some of the largest financial publications in the world. <\/strong><\/p>\n\n\n\nChris brings a BBA and MBA in Finance, along with a decade of experience in the field, to help break down complex financial topics into easily digestible pieces through his written content in an effort to assist others in better managing their finances. <\/strong><\/p>\n\n\n\nChris is currently in pursuit of FI\/RE, is an aspiring minimalist, loves craft beer, and is a dad two to kids.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"By\u00a0Chris Muller, Sep 5th, 2020\u00a0 Source: https:\/\/www.talentedladiesclub.com\/articles\/how-soon-should-money-come-up-in-a-new-relationship\/ There\u2019s nothing quite like the rush of a new romantic relationship. But how early in your relationship should you talk about money? New relationships are wonderful and exciting. They\u2019re full of possibility and hope for the future. They\u2019re a time of great discovery about a person who makes […]<\/p>\n","protected":false},"author":1,"featured_media":2752,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[564,1120],"tags":[608,1152,1154,1147],"class_list":["post-2751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured-posts","category-healthy-relationships","tag-marriage-advice","tag-muslim-website-for-marriage","tag-online-dating-service-for-marriage","tag-single-muslims"],"acf":[],"_links":{"self":[{"href":"https:\/\/beyondchai.com\/blog\/wp-json\/wp\/v2\/posts\/2751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/beyondchai.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/beyondchai.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/beyondchai.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/beyondchai.com\/blog\/wp-json\/wp\/v2\/comments?post=2751"}],"version-history":[{"count":2,"href":"https:\/\/beyondchai.com\/blog\/wp-json\/wp\/v2\/posts\/2751\/revisions"}],"predecessor-version":[{"id":3264,"href":"https:\/\/beyondchai.com\/blog\/wp-json\/wp\/v2\/posts\/2751\/revisions\/3264"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/beyondchai.com\/blog\/wp-json\/wp\/v2\/media\/2752"}],"wp:attachment":[{"href":"https:\/\/beyondchai.com\/blog\/wp-json\/wp\/v2\/media?parent=2751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/beyondchai.com\/blog\/wp-json\/wp\/v2\/categories?post=2751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/beyondchai.com\/blog\/wp-json\/wp\/v2\/tags?post=2751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}