They say opposites attract, which is fine and well when it comes to tastes in food, movies, or sports. But when it comes to your budget? It’s not as cute. Especially if you’re the kind of person who likes to save and be responsible, while your partner uses their overdraft like his or her own personal line of credit. Money is kind of a big deal, especially in a relationship.
My husband and I certainly have different views on our cash flow, and it’s taken years to figure out what’s worked for us while paying off a mortgage, raising kids, and… well you know, trying to have some fun. These days we still have the odd row about how to manage money, but we’ve figured out a few tips about budgeting that have helped put us back on the same page.
We split our finances based on income
You might also like: 10 things I've learned from being the female breadwinner.
Allow for actual spending money
RELATED: Life audit: How much fun money should you budget for spending.
Figure out triggers
RELATED: How to curb your online shopping addiction.
Work through paying bills together
Show ‘em how it’s done
You might also like: 20 financial terms most Canadians don't know (but should)!
Have a joint account
SEE ALSO: 10 amazing Canadian getaways under $100.
Use a budgeting app
RELATED: Where do Canadians spend the most money each year?
Have a visual
Speaking of kids, here's how much kids actually cost.
Talk about how to manage money
YOU MAY ALSO LIKE: What to do when you don't have an emergency fund.
Hold “business meetings”
Be brutally honest
Talk to a professional
You might also like: The Wildest Things We’ve Bought During the Pandemic