12 Money Habits of Highly Effective Couple

Being a financially effective couple has nothing to do with being rich. It has to do with managing the money you have and allocating it effectively toward the things you value and want to do in life. 

It also comes from knowing you and your partner’s money stories and money personalities. 

This can help you eliminate spending on some things you’re both paying for and get a sense of your actual shared bills to utilize your joint account better and start spending as a team.

Understand You’ve Shared Vs. Personal Expense

Figure out how each one can own a financial role that feels joyful and not a miserable chore.

Know Your Strengths and Weaknesses

By creating buckets, for example, using the 50/30/20 rule (50% on needs, 30% on wants, and 20% to savings), you can start effectively planning with your money rather than just saving and spending sporadically.

Understand Your Needs, Wants, and Goal

Your money story explains who you are financially and how you got there (and where you want to be in the future).

Learn Each Other’s Money Stories

A money date should happen once a month at an agreed-upon time after the dishes are done and with a glass of wine or a comforting dinner.

Set Up Monthly Money Date