Money Management Tips for Committed Couples
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Wednesdays | 3 p.m. ET#CreditChat
Money Management Tips for Couples
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Join our #CreditChat every Wednesday at 3 p.m. ET. This week, we discussed how to manage money whenin a committed relationship.“
Check out the video and resources shared:
ex.pn/couple-chat
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#CreditChatWednesdays | 3 p.m. ET
When should a couple start talkingabout money and credit?
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Tweet by @HisAndHerMoney
Money conversation should begin when long-term plans start to be discussed.
#CreditChat
Every BF/GF doesn’t need to know your business.
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Tweet by @GraceKvantas
Being financially compatible is important for couples to consider
#CreditChat
and discuss early in a relationship.
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Discuss money way before you say the words “I DO” Tweet by @NikkoGrant
#CreditChat
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when things get serious is definitely a good idea.
It depends on the relationship, of course, but being honest & open
Tweet by @AmericaSaves
#CreditChat
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Tweet by @BWFeldman
#CreditChat
You should start talking about money when you start imagining a long-term future together.
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Don’t need to share your credit score on the first date.Tweet by @KatieBissell
#CreditChat
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Finances are just as important as STD tests, coming clean about kids,
Tweet by @DeeOnMoneyZA
and past relationships (that can have an impact).
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When things get serious!
Tweet by @JJ_USAA
You should understand how your potential partner handles money.
#CreditChat
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Tweet by @DeeOnMoneyZA
As soon as you start talking about possibly merging your lives.
#CreditChat
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Couples & money don’t need to be like oil and vinegar.Tweet by @HerOwnNet
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Tweet by @mikedelgado
so there are no surprises later.
Couples should talk about their financial situation early,
#CreditChat
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#CreditChatWednesdays | 3 p.m. ET
What are some financial challengesa couple can have when living together?
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spend, budget, and align their financial goals. Tweet by @Quizzle
It’s difficult when couples have different ideas about how to
#CreditChat
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A big challenge would be different outlooks on how money is spent. Tweet by @DeeOnMoneyZA
#CreditChat
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What works for one couple when it comes to money may
Tweet by @JJ_USAA
not work for another couple.
#CreditChat
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Deciding how bills will be paid, who will actually pay bills,
Tweet by @SenseOfCents
whether finances will be joint, and more.
#CreditChat
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Retaining some individual spending freedom can relieve some of the tension that can build up in joint budgeting.
Tweet by @AmericaSaves
#CreditChat
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to help avoid conflicts and set expectations right off the bat. Tweet by @Magnify_Money
Discuss money and budgeting before moving in together
#CreditChat
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Agreeing on a budget. Some people underestimate
Tweet by @LeslieHTayneEsq
how much they might need to alter their spending habits.
#CreditChat
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Not realizing how much our parents spending and saving habits influence us.
Tweet by @Annuity_Org
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#CreditChatWednesdays | 3 p.m. ET
Should committed couples mergetheir finances? Pros/Cons?
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Merging finances for couples eliminates the blame game and forces more honest communication.
Tweet by @CSmithRaleigh
#CreditChat
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Merging finances can build intimacy and trust in marriage. Tweet by @Annuity_Org
#CreditChat
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accounts are joint or separate. Tweet by @Magnify_Money
There should be complete transparency, whether or not
#CreditChat
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is so important because life happens & people change.
Experience has taught me that having my own money and independence
Tweet by @DeeOnMoneyZA
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there is more reluctance to merge finances.
My experience is that couples where the wife makes more
Tweet by @MelSmithJones
#CreditChat
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and accountability in spending.
Couples merging finances allows for transparency
Tweet by @GraceKvantas
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#CreditChatWednesdays | 3 p.m. ET
How should couples work togetherif one partner has debt or credit problems?
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Is it just student loans or an addiction to shopping?
Be sure to address the underlying reason for the debt.
Tweet by @Magnify_Money
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Biggest mistake couples make can be summed up in two words: No Budget.Tweet by @HisAndHerMoney
#CreditChat
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Discuss it, reduce expenses, and keep good partner’s credit separate. Tweet by @MoneyTalk1
#CreditChat
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Celebrate the wins. Don’t just talk about the bad money stuff. Tweet by @CarefulCents
#CreditChat
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Never good for couples to blame each other for overspending.Eye roll responses complicate even further.
Tweet by @CSmithRaleigh
#CreditChat
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Talk about money at least monthly, but could be daily. Make sure
#CreditChat
Tweet by @JJ_USAA
talks are regular & not just when triggered by financial crisis
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#CreditChatWednesdays | 3 p.m. ET
Any final tips to help coupleswith their money management?
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Tweet by @RunnyMedeCap
Couples need to initially set the goal to communicate about financial issues. Then budgeting, debt, investing ...
#CreditChat
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Tweet by @HisAndHerMoney
Couples should make debt elimination their top priority. It will free them to do so much more.
#CreditChat
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#CreditChat
Talk about money. Don’t be shy. Even if you’re in a sticky situation, your partner should know.
Tweet by @DeeOnMoneyZA
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Tweet by @Frostbe
Set goals and check them off as you achieve them.
#CreditChat
If you got in debt as a couple, work together to get out.
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#CreditChatWednesdays | 3 p.m. ET
Check out all the resources and tips shared:
bit.ly/couple-chat
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Join Us Every Wednesday at 3 p.m. ET.
bit.ly/join-creditchat
#CreditChatWednesdays | 3 p.m. ET
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