Two words: Disclose everything. Don’t be ashamed or embarrassed to have the “financial talk” with your loved one, even if it means airing dirty laundry or admitting humiliating mistakes; they will all come out eventually. Most importantly, don’t hide your spending habits or that pile of debt. Lay it all on the line and re-visit the topic of personal finance at least once a week for a good half hour or so. Otherwise, this could become a sore subject (or even a deal-breaker) in your relationship very quickly.
Here are a few topics to get your conversations started:
* Talk through your spending and saving patterns to ensure you are both on the same page. If you aren’t, determine the challenges you may face.
* Ask each other if you have control issues with your money.
* Disclose whether you are a saver or spender.
* Talk about your expectations for merging funds once you get married.
* Discuss how the two of you will handle the finances and if it will be a team effort.
* Many of us learned about money from our parents. Communicate with each other what your family values were surrounding money.