Life Kit: Money Healthy money habits for couples
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Jun 17, 2024 Lindsay Bryan Podvin, a financial therapist and founder of Mind Money Balance, shares insights on managing finances in romantic relationships. She discusses the pros and cons of merging versus keeping funds separate and emphasizes the importance of open communication. The conversation covers navigating debt transparently, balancing spender-saver dynamics, and establishing flexible financial arrangements. With practical strategies, Lindsay highlights how discussing finances can strengthen intimacy and foster understanding between partners.
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Money Deepens Intimacy
- Talking about money deepens intimacy and connection in relationships.
- Discussing finances involves vulnerability and shared future planning, which is very important.
Start Money Talks Early
- Discuss your money story early in a relationship to understand values and habits.
- Talk about merging finances before major steps like moving in or buying a car.
Prioritize Financial Transparency
- Practice financial transparency to avoid secrets and reduce conflicts over money.
- Joint accounts or "theirs, mine, and ours" setups can foster trust and openness.