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Heavy Heart Vs Heavy Wallet: Why Money is Important in a Relationship?
#Thread
Covers:
Why does money matter?
Financial accountability
How to split up bills
Unexpected need to support your partner
Financial priorities
Learning each other’s investment strategies
#Thread
Covers:
Why does money matter?Financial accountabilityHow to split up billsUnexpected need to support your partnerFinancial prioritiesLearning each other’s investment strategies
#money can be problematic enough when you’re single, alone, and trying to make your ends meet.
Whether it’s just for a simple dinner date or managing bills when you’re living together, money plays a much bigger role than you’d think when it comes to #Romance
Whether it’s just for a simple dinner date or managing bills when you’re living together, money plays a much bigger role than you’d think when it comes to #Romance
Why does money matter?
When two people get together & make money decisions, it is possible sometimes individual needs have to be forgone for the collective good.
Money becomes a joint effort as a relationship moves forward. Here are 5 reasons why money matters.
When two people get together & make money decisions, it is possible sometimes individual needs have to be forgone for the collective good.
Money becomes a joint effort as a relationship moves forward. Here are 5 reasons why money matters.
1. Financial accountability
Both parties in a #relationship should play a role in personal finances.
It is common for 1 person in a relationship to take on more financial responsibilities. Still, both should onboard plans which must be communicated before setting it in action.
Both parties in a #relationship should play a role in personal finances.
It is common for 1 person in a relationship to take on more financial responsibilities. Still, both should onboard plans which must be communicated before setting it in action.
2. Deciding on how to split up bills
Different bills may need different ratios of splitting up, and this should be carefully dedicated.
This may seem like it’s taking the romance and trust out of the relationship, but it is crucial to make sure to decide in advance.
Different bills may need different ratios of splitting up, and this should be carefully dedicated.
This may seem like it’s taking the romance and trust out of the relationship, but it is crucial to make sure to decide in advance.
3. Unexpected need to support your partner
It is completely fine to help out your partner in times of need.
However, it's important that it doesn’t happen extremely often, that it becomes expected of you to carry the relationship financially.
It is completely fine to help out your partner in times of need.
However, it's important that it doesn’t happen extremely often, that it becomes expected of you to carry the relationship financially.
4. Financial priorities
You need to make sure that both of you are on the same page when it comes to routine financial decisions, like your monthly budget or your investment goals.
The mismatch in priorities is harmful, & while 2 or 3 instances might impact your relationship.
You need to make sure that both of you are on the same page when it comes to routine financial decisions, like your monthly budget or your investment goals.
The mismatch in priorities is harmful, & while 2 or 3 instances might impact your relationship.
5. Learning each other’s #Investment strategies
There are certain points to keep in mind before investing as a couple.
> Make sure that your investment strategies match.
> Choose to operate on separate brokerage or joint accounts to avoid breeding ground for conflict
There are certain points to keep in mind before investing as a couple.
> Make sure that your investment strategies match.
> Choose to operate on separate brokerage or joint accounts to avoid breeding ground for conflict
Relationships involve several financial decisions. If you don’t communicate and have open conversations about your finances, you can very quickly find yourselves in trouble handling your relationship
Retweet it if you find this thread insightful. https://www.salt.pe/2021/04/28/heavy-heart-vs-heavy-wallet-why-money-is-important-in-a-relationship/
Retweet it if you find this thread insightful. https://www.salt.pe/2021/04/28/heavy-heart-vs-heavy-wallet-why-money-is-important-in-a-relationship/
