How to Share Money with Your Partner

Sharing money with your partner is not always easy. When two people get together they more often than not come from different money backgrounds. More likely than not one person is a spender and the other is a saver. In some cases both are spenders and or both are savers. All of these situations can cause stress in a relationship. There are ways however to eliminate the stress and create a great money sharing relationship.

Instructions

Difficulty: Challenging

1. Talk with your partner about your thoughts and feelings about your shared money. Discuss in full your budget. There is no way that a couple can share money when both parties are not completely aware of the situation. So speak up and in turn listen up to what your partner is saying. Figure out how much money there is to spend and save. Let each other know your true thoughts and feelings.
2. Discuss how and when to spend it. It is important to have common beliefs on where money is to be spent. Let your partner know where you usually spend the bulk of your money. Listen to where there money goes on a regular basis. Keep the conversation upbeat and positive.
3. Come up with a mutual number. This number represents how much is too much. You and your partner are then able to spend anything under this number without having a major discussion about it. But, if you find yourself in a position to spend over this set number you have to agree to call and discuss it before you spend. This way you eliminate any buyers remorse. You also eliminate your partner feeling you have taken advantage of the money sharing situation.
4. Know that sharing money does not have to cause conflict within a relationship. As long as you are clear with your intention in the beginning everyone will stay on the same level. Just make sure to make one another aware of your true thoughts and feelings about money. Once everyone is on the same page, there should be less stress within the relationship about sharing money.