The good news? With open communication and a solid plan, you can create a healthy financial foundation for your future together. This article will be your guide to managing money matters as a couple, from setting financial goals to tackling debt and everything in between. Get ready to communicate openly, build trust, and achieve financial harmony with your partner!

Being in a partnership means experiencing each other's triumphs, challenges, and even ordinary moments together. Discussing finances may not sound particularly romantic, but establishing a solid financial foundation is crucial for a relationship's longevity. When a couple tackles their financial planning as a team, they strengthen their bond. Thus, for the health of your relationship, it's essential to handle your finances collectively.

So, here are  4 cheat codes you can use to manage your money and thrive financially.
 

1-Build trust around money

Talking openly and trusting each other are super important for any good relationship. This is really true when it comes to talking about money, which can be a tricky topic. It's very important that you and your partner are clear with each other about your money situations. This means talking about any debt or loans you have, your credit history, how you spend your money, and what you want to achieve with your money. Being honest like this means no surprises later on about money problems or secrets, which makes everything easier for both of you.

Also, when you're both open about money, you can make smart choices together about how to spend on things you both need or want, and decide what expenses one of you should maybe take care of on your own. Talking about money and making plans together not only helps you reach your money goals but also makes your relationship stronger. Even though talking about money might not be fun, it's really important. It builds a base of trust and teamwork that's good for your relationship now and in the future. Taking the time to really understand and manage your money together shows that you're both in it for the long haul, caring for each other's happiness and what you're building together.

2- Discuss your money ideals

What would your ideal bank account statement look like? How would you achieve it?

When you both handle your money as a team, it opens up the possibility to dream bigger and achieve more. This could be anything from getting rid of any debt you have, going on a dream vacation, getting yourselves a new car, or even buying a house together. It's important to sit down and chat about these dreams, figuring out what you both want in the near future and what you're hoping for down the line. 

By talking about these goals, you both get a clear picture of what you're working towards, making it easier to start saving money together to make these dreams a reality sooner. Having these conversations acts as a motivator, pushing you both to put money aside because you know exactly what you're aiming for. 

This approach doesn't just help with reaching your financial targets; it also brings you closer as a couple, knowing you're in it together, working side by side to build the future you both want.

3- Joint account or separate one? the key is in unity

Maybe your mother or father told you to always have a separate account from your partner. Of course it mih-ght help in the beginning of your relationship, but as you get further in the relationships so must your account.

Try having a special account where both of you can add money regularly. You can use this shared pot of money to pay for things that you both need and use all the time, like your home rent, the electricity and water bills, and food shopping. 

Having this kind of account makes it much simpler to keep an eye on what you're both spending together and separately. 

This way, you can see how much is going out for the things you share, and it helps avoid any confusion or surprises about money between the two of you. It's all about making the part of life that involves paying for things a lot smoother and more organized.
 

4- Have an accountant

Yes, it helps to have an accountant. But you know what’s funnier?

Grab an accounting book, and take a financial literacy course on how to manage your money. Not only does it benefit you for not hiring a real accountant, but it will also keep you focused and on track with it, as you or your partner will be the one taking care of it.

Seems odd as an idea, but many couples have tested and adopted this method so what are you waiting for?

Keep track of your expenses, present your accounting book to a bank counselor to receive the best cash flow advice and say goodbye to any money tracking issues.

And in case you don’t know where to find it, here’s a link to take your first step in self-accounting: 
 

Talking about money early on in your marriage is important. It helps you both get better at communicating about money and planning your future together. 

Even if you're used to managing your money by yourself, learning how to do it together when you're married can prevent arguments and make life less stressful for both of you.