Sharing goals and attitudes to money

One of the biggest reasons you and someone else might fall out about money, is if you are not on the same page with your goals.

If one of you wants to go on a big holiday every year, while the other wants to save for a house — that’s going to cause issues. Maybe one of you is super proud and is not interested in talking about problems, while the other really feels the need to talk and solve the problem.

Share your goals

Sharing your goals and values about money with each other has been proven to improve financial satisfaction.

So, how can you understand your goals and attitude to money better? Talk to each other.

Below are some goals and attitudes about money which are worth discussing. If you know you or the other person isn’t confident about managing their money for example, it will help to zone in on how you bring up the conversation.

What is your attitude to money?

  • Do you prefer to live for today? And why is this?
  • Are you confident managing money? And why is this?
  • Do you think it’s important to keep track of income and expenditure? Why/why not?
  • Do you like to shop around to make money go further or do you buy on impulse?
  • Are you open to discussions about money?
  • Do you feel it’s important to adjust non-essentials when life changes?
  • Do you ask for help with your money?
  • What are your attitudes to spending, saving and borrowing money?
  • How was money managed by your family when growing up?

What are your money goals?

  • What are your long-term or short-term goals and aspirations?
  • What is stopping you achieving them?
  • Are there any immediate problems you really should get to grips with? Such as debts or fear of falling into debt, worries or anxieties about your job or health?
  • Even if longer-term goals seem impossible to achieve, what are the first small steps you could take towards achieving them? e.g. doing a budget, looking at ways to cut back or save money, putting a bit extra into your pension.

It might be worth saving these questions for your follow-up discussion to give you some focus and help you move forward with your financial goals. They are a great way to work out similarities and differences between people, and where those similarities and differences work or cause problems. You could even add some more questions that are important to you.

How to talk about money

If you need to talk to someone about money but aren’t sure how it will go, this guide will help you get started, including tips on how to get a good outcome, share money goals and what to do if you think the conversation may be tricky or it doesn’t go as planned.

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