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Talking about money is an important part of any couple’s long-term success. Your money conversations will help ensure that you’re on the same page and that you can pursue your shared and individual goals in life. By talking about money on a regular basis in a healthy and productive way, you’re more likely to avoid arguments. More importantly, you’re more likely to reach your financial goals when you set them together and hold each other accountable.


Create a Joint Vision


You and your partner may have very different financial goals in life. However, if you never talk about them, you may be simultaneously chasing different goals and not even realize it. For example, one of you may want to be a homeowner. Your partner may not want to own a home because they don’t want the maintenance responsibilities. Talking about this can help you find the middle ground. Maybe finding a home in an HOA that takes care of front yard landscaping and buying a Home Warranty to cover repairs would be that middle ground.


Ensure You’re On The Same Page


If you want to make sure you’re both on the same page about a goal, talking about it can only help. Even if you don’t want the same things, understanding why it’s important to the other partner can go far in helping make it something you are concerned with too.


Pursue Shared Goals in Life


Shared life goals are an important part of any partnership. Saving for the future so that you can travel, pay off debt, buy that second home for family vacations, buy investment properties, or invest in your retirement are wonderful financial goals to share. Coming together in agreement on these goals gives you both something to work towards and plan for in the future.


Meet Individual Life Goals


Even though you may combine your money, you each likely have your individual goals. For example, maybe one of you wants to go to graduate school, or start their own business. Discussing this is a good way to ensure that all your goals can be met together.


Avoid Problems


If you never talk about money 20 years can go by in a blink without either of you paying attention to your finances. You may wind up with no savings and no retirement. This is not a good thing. You can also read this article I wrote about 10 Reasons Why Couples Usually Fight About Money. Having open communication about money is key to avoiding fights.


Ensure Your Financial Future


Nothing is going to happen without you and your spouse doing something actively to save, invest, and keep your debt low. You’re more likely to reach your financial goals if you're both on the same page.


Talking about money doesn’t have to be hard. Money is only one part of your life together, but it’s what's going to help you meet your financial goals and live a happy life. 


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