Open communication about finances, including discussing each other’s financial values, income, expenses, and personal money stories, is crucial for couples to prevent money stress, which is a significant source of relationship tension and a common cause of divorce. Couples are encouraged to engage in regular financial check-ins to reassess goals, address concerns, and maintain transparency, which is key for a financially healthy relationship and can lead to higher marital satisfaction, especially when finances are combined.
Equita Co-founder Bridget Venus Grimes, CFP® penned this article for CFP®’s Let’s Make A Plan. Read full article.