https://ift.tt/2T2If7q
Bridge Your Relationship's Money Gap With a Data Dump https://ift.tt/2tDOOhR One of the keys to getting on the same page with your partner about money is to have open and honest communication. As Lifehacker has covered, scheduling periodic money check-ins—whether that’s weekly, monthly, etc.—is important in any relationship. Where you might run into a problem, though, is if you (or your partner) are in charge of most of the financial tasks or decisions for your household. You can’t have an open and honest conversation if your partner doesn’t know what your accounts are or how they work. On Rad Reads, Khe Hy suggests that one way to bridge this financial knowledge gap is with a data dump. Noting that his wife Lisa, an artist, isn’t as financially minded as he is, he took time to walk her through all of their accounts so that she had peace of mind.
I’d add a few other items to Hy’s great list:
If you’re the partner who doesn’t have a handle on the financials, well, this is even more important for you. Write a letter of intentIf this is one of the first times you and your partner are discussing your finances, or the first time you’re honestly and thoroughly discussing them, the Balance suggests writing a letter to each other outlining what’s important to you. “Talk in the letter about your financial past, including how your family handled money, and if you think they got it right or wrong,” the Balance writes. “Discuss how wealthy you hope to be and what you would sacrifice to get there. List your retirement dreams.” That will give you entry to pursuing your dreams together, and making a comprehensive plan. It works because each of you becomes invested—you’re each aware of the emotional stakes and the hard numbers. But even if you skip the letters, making a list of accounts and logins that each of you has access to will ensure that you’re on a level playing field and accountable to each other. Gadget News via Lifehacker https://lifehacker.com February 26, 2019 at 01:09PM
0 Comments
Leave a Reply. |
CategoriesArchives
October 2020
|