Couples may talk about money on a daily basis, but that doesn’t necessarily mean they’re communicating. Just look at the divorce rate.
With the expectation of divorce for new couples hovering around 50%—and with studies often citing money problems as a leading factor in those divorces—good communication skills are essential if couples hope to stay together and iron out their financial issues, says Jane Honeck, a CPA, personal-finance expert and author of The Problem With Money?
“Focusing on an overall vision and money plan will keep both of you moving in the same direction,” Honeck advises. “Once you have done that, the small everyday decisions about what to spend your money on take care of themselves with little or no effort. When we have clear communication and know why we do something, the ‘what to do’ with our money is easy.”