In today’s video, Travis Pizel from Our Journey To Zero shares 4 ways to communicate about money in a relationship and how it is helping them pay off $100,000 in credit card debt (OUCH!):
1) Communication has to be a 2-way street. Both partners know where the money is going and have a say in how the money is going to be spent
2) Communication has to be honest. Deal with the true state of personal finance.
3) Communication has to be consistent. Check in regularly. Example: Once before the beginning of the weekend, when many of the discretionary income purchases are made and again at the beginning of the week to see how well the money was handled over the weekend.
4) Talk about money A LOT. Don’t get an “F” in communication about money (which is the #1 reason for divorce).
Good communication will get you and your partner on the same page with respect to a couple’s finances and get a lot of positive results such as:
- Living within your means
- Prevent accumulating debt
- Enjoying life
- Strengthen your relationship
To learn more about Travis Pizel visit OurJourneyToZero.com
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