Money can be an awkward topic to discuss in a relationship.
For most people, money is seen as a powerful tool.
However, depending on your background and current perspective, it can also be a touchy subject.
Luckily,adopting a “wealth mindset” can heal your relationship with money.
Interestingly, aCredit Karmareport found that many people are prioritizing their individual finances before committing to a life partner.
On top of that, most millennials surveyed want to have shared financial goals within marriage.
Therefore, talking about finances in the midst of larger life plans can be the perfect segue.
Some view this decision as a no-brainer, but others may have trust issues or money anxiety.
Choosing to keep separate bank accounts within marriage is a personal decision between each couple.
Open communication regarding finances is essential for establishing trust and holding each other accountable to the mutual goals set.
Understandingfinancial intimacy and learning how to talk about money with your partnerare essential.
The goal is to come up with a financial plan that both partners can stick with.
They can choose to go all in and combine every single account.
This includes all credit cards, checking accounts, savings accounts, emergency funds, and everything in between.
Even adding each other to vehicles could help you feel like your lives are fully united.
This approach is ideal for couples who agree that sharing everything is their goal.
On the other hand, some married couples find that this approach could complicate things.
While this can make some people feel less unified with their spouse, it works perfectly for others.
