In the article titled Steps for Better Money Conversations with Your Spouse from the Kiplinger Collective, Lynnette Khalfani-Cox, discusses the importance of open and honest communication between romantic partners regarding their finances. It emphasizes the need for couples to create a safe space for financial discussions, share their past and present experiences with money, set joint financial goals, and understand each other’s perspectives.
The piece provides advice from 10 financial experts on how to approach money conversations effectively, including tips on creating short- and long-term goals, dropping spending and saving labels, and establishing a joint vision for the future. Overall, the article stresses the significance of understanding each other’s financial situations and working together to achieve mutual financial goals.
When it comes to having better financial conversations with your spouse, it’s important to:
- Schedule Regular Discussions: Set aside a specific time to talk about finances without distractions.
- Be Open and Honest: Share your thoughts, concerns, and goals openly.
- Set Common Goals: Work together to set financial goals that are important to both of you.
For more specific advice and details, I recommend reading the article directly on Kiplinger’s website. Here’s the link for your convenience: Steps for Better Money Conversations with Your Spouse.
Lynnette Khalfani-Cox is a member of the Kiplinger Advisor Collective.