In the spirit of Valentine’s Day this week, I thought I’d share 3 money questions that you and your partner should answer together. Watch the video or read the text below.
“Did your family discuss money growing up?”
A lot of families are reluctant to talk about money but that can create insecurity and confusion. If your partner grew up in a household where talking about money was taboo… This can cause tension. You’re going to need to work extra hard to ease the tension around the topic. You may even plan a “money date” every month. This is an intentional time to discuss money topics. Bonus points if you can get out of the house and find a private location.
“What’s one money habit you admire about me?”
This question is powerful because it encourages a positive conversation about how you currently handle money on a daily basis. That said, some other not-so-admirable habits might come out as well – that’s okay. It’s important that you are aligned on topics like day-to-day spending, saving, charitable giving, planning, and investing habits.
“What does an ideal retirement look like for you?”
This question gives you a chance to dream and envision your future. What age do you want to retire? Where do you want to live? What are your short term and long term goals for retirement? How do you want to support your family? Do you want to start a particular hobby or even a new business venture? You want a shared vision that you can work toward—together.
If you would like to discuss other ways that we help couples manage their finances and set themselves up for all that is ahead then give us a call, we would love to help you build your future together.
Stanley K. Evans, CRPC®, AIF®
(614) 595-1156 – Cell