Money might not be the most romantic topic for Valentine’s Day, but talking about finances with your significant other is a key element of a healthy relationship.
, which can be caused by living through a hard financial circumstance such as your parents experiencing bankruptcy or accumulating a large amount of debt. This trauma can cause people to be scared and feel ashamed when talking about money.
Avery and her boyfriend both grew up in low-income Latino households where money was never talked about.As their relationship progressed, Avery and her boyfriend realized their life priorities were aligned. They both wanted to own a home and save money to support their parents in the future. Having similar goals motivated them to be transparent about their money.Dvorkin recommends talking about all of your debt, especially if you are considering marriage.
Victoria B. Watson, 30, and her husband have set several financial goals throughout their relationship, such as saving for a house and a new car and, soon, having their first child. But building these plans has taken time and practice. “It makes me feel like we’re a team, approaching life together and setting goals together. And that just feels really healthy,” Watson said.Silver recommends that couples have a monthly or quarterly “money date” where they check in on their progress.
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