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There's nothing more romantic than making plans for your future. Set financial goals and vow to keep them. Make sure that your goals are both specific and achievable. Try to set goals that are equally rewarding so that you are both motivated to achieve them. Depend on each other for support and encourage each other to stay focused."a couple will save much heartache down the road by learning to talk about money in the early stages of their committed relationship. we say "learn to talk" because this isn't a one-time event where each of you asks a couple of questions and then you're done." Get Financially Naked, Manisha Thakor and Sharon Kedar
10 Tips for Planning Together
1. Set priorities and specific goals. Don't assume you both have the same goals without discussing them.
2. Discuss values. sometimes differing values make agreement on goals difficult. When one person wants to spend now and one wants to save for later, it can be a source of friction. The same is true when one spouse tends to be less risk oriented than the other about investments. Do you know the key component of your mate's money history?
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| Image Credit- ONE: Extraordinary Marriage |
4. Budget together. Set up a manageable system for your cash flow together.
5. Know where your money is going. Keep records of your spending.
6. Don't assume that because you're both working that you have a lot more to spend.
7. Save regularly so you aren't locked into that second income.
8. Who handles the actual paperwork can be a matter of personal preference, although both of you should practice at it.
9. Don't confuse the task of doing paperwork with the act of financial decision making.
10. Sit down together and discuss finances at least once a month.
Get started today talking with your spouse or significant other about money matters. You'll find it very freeing. You will feel an enormous weight lifted from your shoulders and you will know where each other stand when it comes to money.
Sources:
http://www.moneymanagement.org
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