How to Talk About Money With Your Partner

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How to Talk About Money With Your Partner
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Managing money and budgets can be a huge source of stress for couples—the second leading cause of divorce. Try these 5 simple steps to get on the same page as your partner about household spending, by Joyce_Marter

. Try to stay in the present. Ask for what you need to hear, say “no” to what you don’t feel comfortable sharing yet, and be open to negotiation and compromise.

Assertive communication demonstrates respect for yourself and your partner. Communicate and agree upon financial boundaries or limits with others, including your children or extended family.Start by talking about daily spending, then work up to retirement and life savings conversations. Pace yourself. Often, it’s delving into these bigger topics without understanding your partner’s money mindset that causes defensiveness, arguments, and hostility.

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