From the course: Personal Finance Tips and Tricks
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How to get financially naked
From the course: Personal Finance Tips and Tricks
How to get financially naked
- You've shared a few candle lit dinners. You know about each other's exes. You like the way he looks in jeans. Or the way she laughs with her body. It seems like there might be a future here so you decide it's time to get naked. No, not that naked. Financially naked. Sharing the details of your financial life for the first time can be scary. There's no way to suck in your student debt or dim the lights on your erratic income but money is a critical area where couples need to access compatibility. As you transition into a committed relationship, here are five financial conversations every couple should have. One. Lifestyle and spending. What do you like to spend money on and how do you want to navigate who pays for shared activities or joint expenses? Two. Income. Where does your money come from and about how much do you make? Three. Debts. Within a reasonable approximation, talk about how much debt you hold. This includes both consumer debt like credit cards and student loans. Four…
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