Money habits for happy couples

Our seven habits for managing money will make for happier couples and better bottom lines.

Money habits for happy couples

Managing your money and being on the same page with your partner about your spending habits will help you overcome oneof the major challenges in a relationship – money.

So we’ve compiled a list of good money habits for couples in the hope that it not only helps bolster your blissful bond, but also the bottom line in your bank account.

1. Talk about money

Some couples have no difficulty talking about money, whilst, for others, it can be a taboo subject. Talking about money is important for a happy relationship. Couples who have ongoing discussions about financial goal setting, the way their money is shared, a consistent financial plan, and spending habits enjoy the feeling of ‘transparency’ and lower stress levels related to money.

2. Learn each other’s money personality

Are you addicted to saving money or are you a big spender? Understanding your partner’s, as well as your own money personality, helps to create happier relationships, because it makes it easier to learn and work with each other’s strengths and weaknesses in order to best to achieve a common financial goal.

For some people, expressing love comes not through spending money, but, rather, by spending time with a loved one, or through kind acts and words. If one half of the couple enjoys buying gifts to show their affection but the other just wants to snuggle on the couch, then it can create tension between the two. That’s why it’s important to understand each other’s motivation for spending, saving, and investing money, to help to deal with these problems.

3. Understand bank accounts

Sharing a joint bank account is great for budgeting and covering the basics, such as rent or mortgage, bills, groceries and living expenses. Couples who jointly contribute to an account enjoy a feeling that each is doing their part to cover the cost of living.

However, it is just as important for couples to have their own individual bank accounts and credit cards, to ensure a feeling of independence, mutual trust and personal respect. It’s important to have personal financial responsibility and freedom of choice, so you don’t feel financially trapped, or that you don’t always feel as if you have to ask for permission to spend.

5. Healthy budget, happy couple

There’s much to be said for financial security, and nothing ensures this like creating and sticking to a budget. Obviously, working to a budget makes it less likely that you’ll spend money you don’t have, but it’s knowing exactly where you stand financially that creates a feeling of optimism, security and happiness – which are also important ingredients for a healthy, happy life in general.

6. Know what money is

Money is what it is – as Lifehack so eloquently puts it – a way to exchange goods and services. It should not be seen as the be all and end all of the world. As much as money can buy you short-term happiness, happy couples aren’t necessarily materialistic, and will use their funds for fun, learning, experiences and travel.

It’s important for people to set aside money to be used for these purposes, even if you don’t earn a lot. Personal development should never stop, regardless of your age. It’s also good to tap into the ‘fun’ money every now and then, to help minimise relationship stress and remember that there is more to life than, you guessed it, money.

7. Find the balance

It’s not all about the bank balance. In fact, finding that balance between spending and saving, or being frugal and being generous, is key to healthy money management. Watch your spending, but don’t be too tight. Invest a little here and there, but remember, investing is not so much about making money as it is looking after money.

And remember: money is there to help you through life, but it is not life itself.


Do you have any helpful money hints for couples? What’s your number-one money tip that you think everyone should know? Why not share them with our members?


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    1st Oct 2015
    These money-saving habits for couples will ONLY work IF the partnership is a HAPPY one with MUTUAL long-term goals. A happy later-life can readily be attained if the belt is tightened at an early age for loosening in retirement years.
    1st Oct 2015
    My wife and I have a clear agreement, I do the earning , she does the spending.
    Star Trekker
    1st Oct 2015
    My husband has his pension put into my account, anything he yearns he keeps. I cover his car rego, insurance etc. No arguments.
    1st Oct 2015
    Your yearnings must be shared as well with your partner for a happy relationship or your goals are lessened.
    Star Trekker
    1st Oct 2015
    *earns in his part-time work, he keeps for himself as do I.

    I pay all the bills, buy food, put away money for future bills etc out of the combined pensions.

    He has it easy, no worries on where the money is coming from and when the bills need to be paid.
    Star Trekker
    1st Oct 2015
    Typo in my original statement. Not enough coffee this morning :)
    1st Oct 2015
    I think it is the lack of money that can sometimes cause friction between couples, belt tightening at an early age is the way to go, but sometimes cannot be achieved because of life circumstances.
    I always remember my dear dad, saying if we have our good health we can conquer anything, so that is what I always try to remember
    1st Oct 2015
    Throughout our decades together, we have always had bank accounts etc., in joint names. It has never caused any negative feelings on either of us. I have always been the one to pay the bills, manage the budget, we both get a set sum each week to do with as we wish. Both of us discuss our finances, plans to purchase a new item, e.g., furniture, electronics. We respect each other's privacy, trust each other and neither of us goes to the other's wallet/purse without asking first! Neither do we open each other's mail, even though it is plain to see it is a bill! It has worked for us getting close to 50 years, so we do not see any need to change now!
    1st Oct 2015
    As an older couple who have been friends for nearly 50yrs, but married to other people. When we found each other again, we had both been single for many years, and so our spending habits were different. We resolved this by having a "house purse" and after a few months worked out how much we should each put in the purse, (on Pension days). Our own bills we paid ourselves, but utilities etc we go halves in. Any big expenses, we go halves in. We also made both our accounts joint accounts. We have never argued about money.
    2nd Oct 2015
    Joint bank accounts. One partner deals with all the finances and always informs the other what is coming and work out how to pay all bills. My husband is happy with this arrangement as he does not have to think about it. It comes down to trust and we do very well from it as I want us to spend time and our life together and so does he. After 44 years it works well.

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