{"id":3577,"date":"2013-02-14T15:07:14","date_gmt":"2013-02-14T23:07:14","guid":{"rendered":"http:\/\/canary.kcprod.info/blog\/?p=3577"},"modified":"2022-01-11T17:12:44","modified_gmt":"2022-01-12T01:12:44","slug":"talk-money-partner-before-marriage","status":"publish","type":"post","link":"https:\/\/canary.kcprod.info/blog\/talk-money-partner-before-marriage\/","title":{"rendered":"How to Talk to Your Partner About Money"},"content":{"rendered":"

Relationship experts say that one of the top reasons couples break up is over financial issues. One poll found two-thirds of couples didn\u2019t talk about money before marriage \u2013 in fact, some experts call money the number one taboo<\/a> in a relationship.<\/p>\n

Isn\u2019t it a bit strange that the person who knows intimate details about you (like your Botox, hair plugs or what you look like in the morning) doesn\u2019t know that you hid part of the cost of that weekend away with your college friends, or that you lost a boatload at poker last week or what that birthday lunch for your mom really cost?<\/p>\n

Maybe it goes deeper than that.\u00a0 Maybe you also haven\u2019t revealed that given the opportunity you would ditch the high-paying job and start a business selling yurts.<\/p>\n

You\u2019ll be vastly ahead of the game if you learn to talk about money with your partner.<\/p>\n

Wealthfront advisor and behavioral economist Meir Statman, Glenn Klimek Professor of Finance at the Leavey School of Business, Santa Clara University, endorses the following questions as good conversation starters. They hit on the emotional meaning of money \u2013 which often is the root of the conflict, based on research<\/a> by Terri Orbuch, a psychologist, research professor at the University of Michigan’s Institute for Social Research and author of the new book “Finding Love Again: 6 Simple Steps to a New and Happy Relationship.\u201d<\/p>\n

The questions<\/strong><\/p>\n

\u2022\u00a0How much money do you need in a savings account before you consider yourself financially secure?<\/strong><\/p>\n

\u2022\u00a0At what level of assets would you consider yourself wealthy?<\/strong><\/p>\n

\u2022\u00a0How much of a pay cut would you take for the perfect job?<\/strong><\/p>\n

\u2022\u00a0Would you be willing to take a commission-based job rather than a salaried one?<\/strong><\/p>\n

\u2022 How much are you comfortable with spending on (fill in the blank \u2013 Shoes? Summer camps for the kids? Vacations?)<\/strong><\/p>\n

Research shows you probably have more in common with your significant other when it comes to money than you think. In one survey of people from families with more than $1 million of assets, by SEI Wealth Network, about 94% said their top goal when it comes to wealth was financial security.<\/p>\n

It\u2019s easy to let a conversation about money hover around the idea of values \u2013 and that\u2019s not a bad place to start. But it\u2019s in the specific situations that values are put to the test \u2013 so talk about the situations \u2013 and in this area of your relationship, share the details. They may make all the difference to you both in the long-term.<\/p>\n","protected":false},"excerpt":{"rendered":"

Relationship experts say that one of the top reasons couples break up is over financial issues. One poll found two-thirds of couples didn\u2019t talk about money before marriage \u2013 in fact, some experts call money the number one taboo in a relationship. Isn\u2019t it a bit strange that the person who knows intimate details about […]<\/p>\n","protected":false},"author":64,"featured_media":7253,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1701,1282,1278],"tags":[1522,1702,1703,1301],"coauthors":[1700],"class_list":["post-3577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-couples","category-investing","category-planning","tag-behavioral-economics","tag-couples-finance","tag-marriage","tag-investing-mistakes"],"acf":[],"yoast_head":"\nHow to Talk to Your Partner About Money | Wealthfront<\/title>\n<meta name=\"description\" content=\"How to Talk to Your Partner About Money - Build a healthy relationship and marriage by discussing money and understanding one another's financial goals.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/canary.kcprod.info/blog\/talk-money-partner-before-marriage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Talk to Your Partner About Money | Wealthfront\" \/>\n<meta property=\"og:description\" content=\"How to Talk to Your Partner About Money - Build a healthy relationship and marriage by discussing money and understanding one another's financial goals.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/canary.kcprod.info/blog\/talk-money-partner-before-marriage\/\" \/>\n<meta property=\"og:site_name\" content=\"Wealthfront Blog\" \/>\n<meta property=\"article:published_time\" content=\"2013-02-14T23:07:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-12T01:12:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/canary.kcprod.info/blog\/wp-content\/uploads\/2017\/01\/family04.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1472\" \/>\n\t<meta property=\"og:image:height\" content=\"530\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"EJ Borrack\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Wealthfront\" \/>\n<meta name=\"twitter:site\" content=\"@Wealthfront\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"EJ Borrack\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/canary.kcprod.info/blog\/talk-money-partner-before-marriage\/\",\"url\":\"https:\/\/canary.kcprod.info/blog\/talk-money-partner-before-marriage\/\",\"name\":\"How to Talk to Your Partner About Money | Wealthfront\",\"isPartOf\":{\"@id\":\"https:\/\/canary.kcprod.info/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/canary.kcprod.info/blog\/talk-money-partner-before-marriage\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/canary.kcprod.info/blog\/talk-money-partner-before-marriage\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/canary.kcprod.info/blog\/wp-content\/uploads\/2017\/01\/family04.jpg\",\"datePublished\":\"2013-02-14T23:07:14+00:00\",\"dateModified\":\"2022-01-12T01:12:44+00:00\",\"author\":{\"@id\":\"https:\/\/canary.kcprod.info/blog\/#\/schema\/person\/f46e2cfd0941d7a3ec78a704c0bb52ac\"},\"description\":\"How to Talk to Your Partner About Money - 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