Your eyes lock from across the room, and instantly you start fantasizing about your epic wedding, three kids, and the house in the suburbs with the white picket fence. But once things start to get serious, it’s important to know what you’re committing to before you say “I do.” So grab your partner and your favorite drink, and find a comfy spot for an uninterrupted conversation.
Here’s a list of things you can ask each other to see if you’re on the same page about money. If any of the questions feel too heavy, skip them! It’s less important to answer everything and more important to just get the conversation started.
Here are 20 money questions to ask your significant other before you make it official:
- Did you get an allowance as a child? What did you do with it?
- Did your parents fight about money?
- What money habits did your parents practice? How did you feel about those habits?
- What drives your financial decisions?
- If you won $1 million today, what would you do with the money?
- What’s one money habit that you admire about me?
- What scares you about money?
- What does having money mean to you?
- What money topic do you wish you knew more about?
- How much debt do you have?
- How much do you have in savings?
- What’s your credit score?
- How many bank accounts do you have?
- What do you like to splurge on?
- What is the maximum amount one of us can spend without having to consult the other?
- Who will be in charge of paying the bills and managing finances?
- Where do you want to be in one year and in ten years, in terms of our finances?
- At what age would you like to retire? What are our retirement goals?
- What do you want to leave behind (for kids or others)?
- What would you want to happen to your money if you died?
I get it, talking to your partner about money can feel a little awkward, but it’s worth it to find out your shared (or different) goals, values, and habits.
Getting on the same page about finances is an important part of a healthy relationship. So if you’re really serious about your partner, it pays to ask the tough questions and work together to build a happier financial future.
Although all relationship roads may not lead you to the chapel, you can be sure all roads lead to the bank!
Fun fact: Couples who have regular money conversations report being twice as happy as those who don’t.
Who doesn’t want to laugh more and worry less? So if you aren’t talking about money with your partner now – start today, and keep talking. What other questions would you ask? Leave a comment below!
For Your Freedom,