Review: On money and your honey: Rules for homefront harmony

Being on the same page as your spouse is important. This is true for pretty much anything you can think of. You don’t have to agree on everything, but you need to be able to work together and be pointing in the same direction on the big stuff.

This is especially true of your finances.

This article focuses on the day to day aspects of making sure you and your spouse are moving in the same direction financially. Being on the same page with regards to your budgeting and spending is important, but your collaboration needs to go further.

You need to both agree on the bigger financial picture as well. You need to agree on what you want out of retirement, and how you are going to get there.

That means you both need to be involved in creating your financial plan. Your retirement is going to happen to both of you, so (just like everything) you’re in this together.

If you aren’t both involved in planning your future, then you’re probably envisioning different things and hoping for different retirements. This is such a common occurrence it’s pretty much a cliché in financial planner circles.

That’s not something you want. It almost inevitably leads to one partner feeling like they aren’t being heard and potentially disengaging from the process. For your plan to work, both partners need to buy in.

For more on making sure that you’re on the path to retirement, take a look at our ebook I Want to Retire Soon



 

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