Tip of the week: How to talk with a spouse about money
Schedule meetings; Hit the big topics; Set a spending threshold
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
You are now subscribed
Your newsletter sign-up was successful
Schedule meetings. “Set aside a specific time to talk,” ideally once a month. Establish a “no shame, no blame” rule so you can both talk freely without fear of reprisal. Also, write down any decisions you make.
Hit the big topics. Often, “even the most engaged couples” haven’t had a first discussion about every one of life’s big money-related questions. Be sure to compare expectations about each of the following: housing, vacations, savings, retirement, and children’s education. How much to lay out for that last item is one of the most common causes of couples’ disagreements.
Set a spending threshold. To avoid surprising each other with a big expenditure, set a precise ceiling on what each partner can spend without consulting the other.“ It may be as little as $50 or as much as $500”—that’s up to you and your budget.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Source: The New York Times
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
What are the best investments for beginners?The Explainer Stocks and ETFs and bonds, oh my
-
What to know before filing your own taxes for the first timethe explainer Tackle this financial milestone with confidence
-
The biggest box office flops of the 21st centuryin depth Unnecessary remakes and turgid, expensive CGI-fests highlight this list of these most notorious box-office losers