Working towards financial compatibility | Hindustan Times (original) (raw)

Do you and your partner often find yourself fighting over money matters? Finances are often a major cause of bickering between couples. This Valentine’s Day, pledge not to fight over money and work your way towards financial compatibility.

Do you and your partner often find yourself fighting over money matters? Finances are often a major cause of bickering between couples. This Valentine’s Day, pledge not to fight over money and work your way towards financial compatibility.

Here’s how to go about it Honesty: Be honest as to why one is the more involved, more interested or more knowledgeable when it comes to financial matters. A division of labour based on knowledge or passion is reasonable.

Respect: Acknowledge questions you have. Ask if there is anything you don’t understand.

Patience: Set aside time to discuss finances. Make sure the less involved spouse can handle the finances for six months or longer. Make it easy for that individual to get involved by opening the mail and paying the bills together. Set aside time to answer any questions.

Communication: Share any fears or concerns about this process. Discuss and reinforce your common vision and values. Acknowledge the more involved spouse for their efforts and encourage the less involved spouse. Active participation is the first step to a deeper understanding.

Follow through: Mark your calendars and discuss finances regularly. Tie the discussion to something fun.

Discretion: Know each other’s tipping points and thresholds.

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