My husband and I are blessed to come from families where good financial principles were modeled. Unlike many of our friends, we went into marriage knowing that it was possible to have a healthy financial relationship.
We’ve now been married for 12 1/2 years (can you believe it?!) and we’ve grown and struggled and learned a lot through those years. Today, I wanted to share three marks we’ve learned that signify a healthy financial relationship:
1. You’re on the Same Team
To win in life and in finances, you’ve got to be on the same team. This means that you leave the me versus you at the door.
Drop the phrases “his money” and “her money” and replace it with “our money.” Because if you’re going to be a team, you need to join hands — and assets.
2. You’re on the Same Page
Once you are willing to be on the same team, it allows you to be in a place to get on the same page financially. There’s so much momentum and excitement that comes from working on your finances together.
This requires mutual trust and open communication. It’s a heart that says, “We are in this together — sink or swim. We are FOR each other and we are working on the same goals together.”
In order to work on the same goals together, you have to openly discuss your finances. This means talking about everything regarding finances — not just the fun stuff but also the nitty-gritty hard stuff, like where your financial pitfalls are and what parts of your budget are coming up short.
3. You’re Willing to Compromise
If you want to stay on the same team and the same page, compromise is essential. You aren’t always going to agree all the time. In fact, you are more likely to disagree much of the time.
This is why you need to be willing to compromise. A strong and healthy relationship requires give and take, with both parties being willing to give up what you want for the other’s good.
What do YOU think are some marks of a healthy financial relationship?