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In any strong relationship, communication is key, and when it comes to building a life together, talking about finances is a crucial aspect that deserves attention. While it may not be the most romantic topic…or is it? Discussing money openly and honestly and getting money right might be the very thing you need in your relationship.

Keep reading to unlock the secrets to talking about finances with your partner and how Qube Money can be your ultimate ally!

The Process

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Start with shared goals and dreams.

Discuss what you each hope to achieve in the short term and long term to build a collective vision for your future. Whether it’s saving for a dream vacation, buying a home, or planning for retirement, aligning your goals will lay the motivation and excitement for a harmonious financial journey.

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Next, embrace your differences.

Remember that everyone has their own unique approach to handling money. Some individuals are natural savers, while others enjoy spending on experiences and adventures. Embrace these differences and recognize that diverse financial perspectives can be an asset in your partnership. Spending money on living today and saving for the goals of tomorrow are both important. The key is to have a plan and do your best to follow it.

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Be open and transparent about your finances.

Share information about your income, debts, savings, and expenses. By discussing your individual financial situations, you foster trust and understanding between each other which will allow both partners to have a complete understanding of the financial situation. If you get a speeding ticket, tell your partner as soon as possible. If you splurge and go over budget, tell your partner.

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Set regular financial check-Ins.

Have you ever made a goal and then forgotten to review it later? Schedule regular financial check-ins with your partner to review your budget, track progress, and make any necessary adjustments. These meetings will allow you both to stay informed about your financial status and address any concerns or changes in your goals. It’s also an opportunity to celebrate achievements and stay motivated as you work towards your dreams together!

Qube Money

Now, if you want a tool to make doing finances with a partner easy and to save you a lot of time, you might try Qube Money’s joint account. Qube was designed to help couples easily plan their money and then follow their plan.

Qube Money allows you to create qubes (micro bank accounts) for any goal, bill, or spending category you want. You can then divvy up your money and spend from your qubes with the convenience of a debit card.

Whenever you spend money, your qube balances update automatically because your money and your budget are the same thing. Although you and your partner have one plan, you get two cards and two logins. Because you’re both spending money from the same plan you’re always on the same page. This builds transparency and trust.

You want money for a downpayment on a new home? Create a qube for it. You want to go on a couples getaway? Create a qube for it. Qube allows you to give each qube a fun icon and name to fuel your motivation. Watching your money grow as you save for your goals is exhilarating. It will help you say, ‘No’ to less important purchases because you have a more powerful ‘Yes.’ Distant fantasies become concrete targets you’re accomplishing together as a team.

Conclusion

Remember, having “the talk” about finances may feel daunting at first, but it’s a crucial step towards building a strong and harmonious partnership. Embrace open communication, support each other’s dreams, and be humble in your approach to financial accountability.  Start the conversation today and watch as your financial dreams become a shared reality.

Create a Qube Money account today by clicking here.