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Financial Action Plan for Couples

Couples have special financial-planning needs together—whether it’s deciding if they want to merge their accounts, making decisions about spending and saving, employing certain investment strategies, and determining estate plans to ensure that their significant other inherits their assets.

Discuss these Money Mindsets first

  • Saving money as opposed to enjoying it while you can

  • Financial security 

6 Important Money Discussions to have together

  • What lessons did you each learn about money in your family growing up?

  • How do you make decisions about money in your relationship? 

  • How do you manage the bills and budget?

  • How do you manage your accounts – joint, separate, both?

  • What have you learned about your differences regarding money? How do you handle these?

  • What are your yearly earning goals? How much do you want to see your household bringing in 5 years? 10 years? 20 years?

Daily Practice

  1. Come up with a monthly Spending Plan that meets both of your needs.

  2. Follow this Spending Plan for several months and evaluate its effectiveness in helping you manage your finances. Tweak as necessary.

  3. Discuss your longer term plans and how your values factor into those.

It can be helpful to reminisce and reflect on your relationship to strengthen and reinforce your connection. This is especially true when it comes to your finances together. Talking it out is a great way to do this, but you may also want to write your responses in a journal and then discuss things from both perspectives. Sit down together as a couple and answer one or two of these each evening for a week.

Being on the same page as your significant other regarding finances can be what keeps your relationship strong. 

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