Do you and your spouse talk about money?

Money is arguably the most personal subject there is and often elicits powerful emotions, particularly among spouses. Additionally, very few of us are taught how to manage our finances effectively leaving many couples avoid the subject entirely. However, avoiding something doesn't make it better and won't make it go away. Since this kind of approach, or lack thereof, can have grave consequences for one's relationship (disagreements over finances is one of the leading causes of divorce) how can the subject be approached constructively?

Start by engaging in an open and honest dialogue that is free of judgment. If you or your partner have made mistakes be kind and remember that neither one of you is an expert in finances. Discuss your goals, both short-term and long-term and do your best to prioritize each. Talk about your dreams and the things that might excite you, such as an early retirement or a family vacation. Most importantly do your best to get on the same page. 

It is essential to have these discussions regularly. Be consistent. You might feel like you didn't make much progress initially, but keep at it. Remember these types of discussions are difficult but well worth it. CLICK HERE for access an article that goes into greater detail.