Financial Compatibility Among Couples: Is It A Problem?

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Photo by Justin Groep on Unsplash


To tell you frankly, yes. It would be a problem.


Money is a notorious villain that has caused numerous relationships to bend and, sometimes, eventually break. Financial compatibility is a significant factor in your relationship’s success. Every choice you and your partner make will definitely be impacted by money. Especially with major plans like getting married, having kids, and owning a house–all of those need a substantial amount of money and financial planning.


You might get confused about financial compatibility, though. Being financially compatible does not mean couples should have the same financial standing as you. The compatibility in this matter refers to each of your attitudes and habits regarding money and finances in general.


How do you make sure that you and your partner are financially compatible? Here are three things to discuss.


Individual money situation

Most couples, especially those who have not been together for more than a year or two, are very elusive about this topic. However, remember that this is important to discuss, especially if you and your partner want to settle down. This means that you’ll be talking about your net income, debts, and spending, and saving habits. Discussing your individual financial situations with each other enables you to be on the same page. After having a clear conversation on this, you will be able to work through future money problems together because you both know each other’s financial behavior. 


Money goals

After talking about how you both earn money and manage it individually, you now go deeper into it. Discussing your individual money goals enables you and your partner to make sure that your plans are cohesive with each other. Your partner will also let you determine whether your current attitude and behavior with money can achieve your money goals. Even if your plans about money are not perfectly aligned, you both have to make sure you talk about compromise. Ensure that you are both alright with the steps you will take together to achieve your money goals with each other.


Joint finances

When you and your partner are sure that you are in it for the long run, it is essential to talk about this topic. Some couples set up joint bank accounts right off the bat to make it easier for them, but you might want to have your separate account. Joint bank accounts really depend on personal preference, so it is important to discuss with your partner and make sure they are comfortable with your choice. 


Whatever you choose, both of you should be on the same page and know about each other’s financial situation. If you do not want a joint account, you can have shared spreadsheets to be aware of each other’s current financial standing.


Being financially compatible is undoubtedly a vital aspect of a relationship. Money can become a huge problem that can ruin a relationship, no matter how strong you think it is. Whatever you do, make sure that you and your partner are on the same page to avoid financial troubles.