Description

[2:11] Why you can’t strong arm your partner

• You can’t adopt the “my way or the highway” approach.
• Committed relationships require compromise
• Money is a team sport
• You can keep your money separate and if it works for you then that’s great but you need to find something that works for you both.
• It’s a difficult thing to talk about but its’s important to get on the same page.
• Don’t get emotions involved

[4:21] How to handle the spender and saver relationship

• Denis is the spender and Katie is the saver despite her student loans and debt.
• Finding the balance is tricky- you need to be open to hearing other people’s ideas
• You need to find balance in your relationship or your middle ground.

[6:35] Things to mention before getting serious with money

• Tell the other person your “deal breakers” and anything that if the role was reversed you think the other person should know
• Try to get on the same page as early on as possible
• Some things can be red flags for you- find out early!

[8:50] How to agree on money goals

• Something you should do as a couple – you need to find out what works for you Long term-
• what are your goals and how are you going to get there
• Setting goals is super important- 800% more likely to achieve a goal if you write it down
• Review your goals after a period of time
• Setting new goals and crossing things off is super powerful

[11:20] Combining incomes as a couple

• This is a tricky aspect to approach
• There are pros and cons to whatever approach you take
• You need to find what makes you and your partner comfortable
• There’s nothing wrong with having a separate bank account
• Maybe wait until you’re married to have a joint bank account