{"id":15480,"date":"2022-08-26T10:35:15","date_gmt":"2022-08-26T15:35:15","guid":{"rendered":"https:\/\/trueskycu.org\/?p=15480"},"modified":"2022-08-26T10:35:15","modified_gmt":"2022-08-26T15:35:15","slug":"money-marriage-10-financial-tips-for-healthy-relationships","status":"publish","type":"post","link":"https:\/\/clientweb.dev\/tscu\/money-marriage-10-financial-tips-for-healthy-relationships\/","title":{"rendered":"Money &#038; Marriage: 10 Financial Tips For Healthy Relationships"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">You can probably guess that money is the number one reason married couples fight, and you\u2019d be right. That\u2019s not how it should be, though. Here at True Sky Credit Union we don\u2019t want your finances to be the reason your relationship is in the pits. Money isn\u2019t supposed to be something that controls your life, but instead the other way around\u2013but we get it, that\u2019s easier said than done. To shine light on common <\/span><a href=\"https:\/\/www.ramseysolutions.com\/relationships\/the-truth-about-money-and-relationships\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">money &amp; marriage<\/span><\/a><span style=\"font-weight: 400;\"> issues, we have compiled 10 financial tips for healthy relationships, so keep reading!<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">10 Financial Tips For Healthy Relationships<\/span><\/h2>\n<h3><span style=\"font-weight: 400;\">1. Discuss lifestyle choices together<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A good marriage always has good communication with each other about everything, including lifestyle choices. A good marriage is also full of compromise. Let\u2019s say you tend to like name-brand items, but your partner is fine with getting things that have been previously used at a typically cheaper price. If your budget allows for all name-brand things, then no biggie. But if your budget doesn\u2019t allow for all name-brand things, then maybe it\u2019s time to create the habit of thrift shopping, like your partner, instead.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">2. Don\u2019t let salary differences come between you<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In most relationships, one makes more money than the other. This oftentimes, causes the partner who brings in more money to sometimes feel entitled to the most say in where their money goes\u2013that\u2019s just asking for relationship problems. It\u2019s important to realize that regardless of who brings in the most money, you and your partner are a team and there\u2019s no reason to hold a higher income over your partner\u2019s head. Equality in voice is an important part of money &amp; marriage.\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">3. Be honest and open about purchases<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Deceit in relationships isn&#8217;t always a result of an unfaithful partner. Sometimes deceit comes in the form of unfaithful finances, which happens when a partner opens a secret bank account or stashes away money without telling their partner, etc. Being open and honest about purchases, any additional checking, savings, or even credit cards that you have opened, is crucial in maintaining financial trust and transparency between partners. Again, you and your partner are a team, and should act as so.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">4. Have regular financial check-ups with each other<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Many couples don\u2019t talk about money until they\u2019re married, but the lack of knowledge about your partner\u2019s financial situation and habits can be risky. Your partner\u2019s past financial mistakes and debt become your issue as well, potentially causing an even bigger issue within your relationship. Don\u2019t stop the financial check-ups with each other after you tie the knot, though. Regular financial check-ups for you and your partner keep communication within your relationship open and easy.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">5. Create a budget that fits both of your lifestyles<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">You\u2019ll see that the term \u201cteam\u201d keeps popping up throughout these tips. Tip #5 is no excuse, and creating a budget as a team is a crucial part to a healthy money &amp; marriage financial relationship. Get all of your bills and other financial paperwork together\u2014literally bring everything out so that it is easier to calculate and create a combined budget with your partner. Also remember to keep an open mind about things, and always include at least one date night for the two of you.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">6. Decide who manages what<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In a relationship, it\u2019s important to have a set of realistic financial expectations for each other. The quickest way to an argument is to have unmet and\/or unrealistic expectations for your spouse without them being aware in the first place. For example, if you are wanting to buy a house, but your partner doesn\u2019t know that and therefore doesn\u2019t put in the effort to save, then that\u2019s a recipe for disaster. It\u2019s a good idea to have a clear understanding of who manages what in order to ensure each person is playing their part in their combined goals. One of your incomes might be put towards buying a house whereas the other\u2019s income might be for those day-to-day expenses.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">7. Update your benefits<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Once you\u2019re married, you might want to look into adding your partner as a beneficiary\u2013aka the person who would receive your money and benefits if something were to happen to you, and vice versa.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">8. Update your withholdings<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If you\u2019re married, you have the option of whether or not to file taxes together. Talk to your spouse about your taxes and withholdings to figure out the best route for you and your situation.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">9. Discuss whether to combine or not combine bank accounts<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">This tip is 100% personal preference. There are many different ways to manage money in marriages. You might want to open a joint account which would link your individual accounts. Or, you might want to continue using separate accounts. Either way, in both circumstances, financial transparency and honesty with each other is the key.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">10. Discuss big purchases together<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The last tip that we have for you is once again about teamwork. Discussing big purchases together, like a home, or a car, or a pet, is no longer \u201cmine and their life\u201d. It is \u201cour\u201d life that requires both opinions and participation in moving forward.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">True Sky Credit Union Encourages Healthy Financial Relationships\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">We want you and your partner to have complete control and understanding of your money, and True Sky Credit Union is here to help that be possible. Sorting through money matters and takes time and patience,\u00a0 just like relationships do. If you have questions about <\/span><a href=\"https:\/\/clientweb.dev\/tscu\/checking\/\"><span style=\"font-weight: 400;\">checking<\/span><\/a> <span style=\"font-weight: 400;\">or<\/span> <a href=\"https:\/\/clientweb.dev\/tscu\/savings\/\"><span style=\"font-weight: 400;\">savings<\/span><\/a> <span style=\"font-weight: 400;\">accounts,<\/span> <a href=\"https:\/\/clientweb.dev\/tscu\/personal-loans\/\"><span style=\"font-weight: 400;\">personal loans<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/clientweb.dev\/tscu\/automotive\/auto-loans\/\"><span style=\"font-weight: 400;\">auto loans<\/span><\/a><span style=\"font-weight: 400;\">,<\/span><a href=\"https:\/\/clientweb.dev\/tscu\/home-loans\/\"><span style=\"font-weight: 400;\"> home loans<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><span style=\"font-weight: 400;\">or how to become a<\/span> <a href=\"https:\/\/clientweb.dev\/tscu\/membership\/\"><span style=\"font-weight: 400;\">membe<\/span><\/a><span style=\"font-weight: 400;\">r<\/span><span style=\"font-weight: 400;\">, we have online agents ready to chat whenever you are; just visit our<\/span> <a href=\"https:\/\/clientweb.dev\/tscu\/\"><span style=\"font-weight: 400;\">website<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><span style=\"font-weight: 400;\">Prefer to talk to a representative face to face? Drop by any of our <\/span><a href=\"https:\/\/clientweb.dev\/tscu\/locations\/\"><span style=\"font-weight: 400;\">12 locations <\/span><\/a><span style=\"font-weight: 400;\">to get the full True Sky Credit Union experience. We cannot wait to help you and your partner create a healthy financial relationship!\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Phone<\/span><\/h3>\n<p><a href=\"tel:405-682-1990\"><span style=\"font-weight: 400;\">405-682-1990<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/clientweb.dev\/tscu\/blog\/\"><span style=\"font-weight: 400;\">Return to Blog<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>You can probably guess that money is the number one reason married couples fight, and you\u2019d be right. That\u2019s not how it should be, though. Here at True Sky Credit <a href=\"https:\/\/clientweb.dev\/tscu\/money-marriage-10-financial-tips-for-healthy-relationships\/\"> [&#8230;]<\/a><\/p>\n","protected":false},"author":1,"featured_media":15481,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[185],"tags":[],"class_list":["post-15480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Money &amp; Marriage: 10 Tips For Healthy Relationships<\/title>\n<meta name=\"description\" content=\"Money &amp; marriage go hand in hand. Don\u2019t let money be the reason you and your partner fight. 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