Money is like everything else in your relationship: it all boils down to communication.


When it comes to finances, the biggest challenges that most couples face come down to a lack of communication. 


Determining your financial match can only start with one thing: a talk. No matter at what point you are in your relationship, it is never too late to start discussing money. To get you started, these are the discussions you need to have at some point – and the earlier, the better. 

After all, if neither you nor your partner knows what your individual money circumstances are, you will have a pretty difficult time when it comes to laying out plans for your future. One of the first things you should want to do is to be completely honest about where you both are in terms of your personal finances.

The purpose of this conversation is to review your financial situation, including your net income, how much debt you have (student loans, credit cards, and other debt), and how much money you spend and save each month   That is a good method for you to gain insight, or at the very least a taste, of what you might face in the future into if the partnership continues.  Take notice of anything that you are concerned about in your partner’s financial status, for example, debt, at this point as well as any other concerns you have. Although a small amount of consumer debt may be bearable, would you be able to deal with the news that your partner owed thousands on credit cards or had previously been made bankrupt?  You also should find out about the investments that each of you holds. Does either of you dabble in real estate or Crypto exchange? These may have an impact on your long-term future financial goals.

Also, keep in mind that sharing is a two-way street. You should be able to learn whatever you want about your spouse, and they should be able to learn everything about you. If you have racked up a considerable amount of debt on your own, you owe it to them to be forward and honest about it. Early disclosure of your debt and the development of a debt management strategy is far easier than waiting until your debt has ballooned to an uncontrollably high level and appears impossible to manage. It is not necessary for either of you to be flawless, but you must be on the same wavelength and willing to collaborate in order to solve present or future financial challenges together. 


Here, you and your partner should talk in length about not just the way that your money is currently structured, but also how you intend to structure it in the future, and whether or not your finances and aspirations will work with one another in the future.


Consider the following scenario: you have always wanted to own a property and you would like to do it as soon as possible. Is your partner on board with the goal of deferring significant purchases such as trips and other luxuries or paying to rent a house in a better neighborhood until you have saved enough money to make a deposit? If, on the other hand, your partner has lofty financial ambitions, are those ambitions ones in which you are likewise interested and prepared to make sacrifices in order to achieve them? 


Despite the fact that you and your partner are not planning to combine your finances anytime soon or at all, their financial condition will have an impact on yours.