When You Know Nothing About Your Partner’s Finances
May 17, 2019 by Bethany Frank
What is the right time to talk about finances in a relationship? The truth is that there is no right answer, as it will always depend on both partners’ financial habits, their preferences, and the pace of the relationship itself.
It’s a good idea, however, to dive into important financial conversations before moving in together. If cohabitating is in the future for you and your partner, it’s best to make sure you’re on the same page financially before making such a huge commitment with one another.
Kristen Wong, author of Get Money: Live the Life You Want, Not Just the Life You Can Afford, offers advice for couples looking to move onto the next step in their relationship by moving in together. In her book, marriage and family therapist Paula Levy recommends dividing the conversation into three parts: the financial past, present, and future.
According to Wong, it’s not too soon to talk about money if you’re talking about moving in together. “Cohabiting presumably means sharing expenses, so you want to know what you’re getting into.”, she shares. Continue reading Kristen Wong’s advice via Medium.
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