Figuring out how to manage money together might be an important part of a happy relationship, but it’s a skill that doesn’t always come naturally. “When there’s conflict or discord, it’s usually not about the money itself, but related to the meaning each person is attaching to money. There’s always something deeper,” said Cohen Taylor, a licensed family and marriage therapist and behavioral wealth specialist at the Wealth Enhancement Group.
“Most successful money couples I’ve dealt with set up a recurring cadence to talk about money,” said Andrew Crowell, vice chairman of wealth management at D.A. Davidson, a financial services firm. That could mean a quarterly or monthly review and include revisiting spending, savings goals and budgets. Those meetings can provide a chance to sync on how to trim spending together or to do something fun like set a vacation savings goal, Crowell said.
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