Getting married or moving in with your partner inevitably changes things — your finances included.
Learning to manage your money together does not have to be overwhelming. It's something any couple can do, as long as you put in the work. "If the two of you don't make your finances a priority, they won't be one," writes self-made millionaire and financial adviser David Bach in his book, "Smart Couples Finish Rich."
Plus, two heads are generally better than one, and "the sooner you start working together, the more quickly you can dramatically improve your financial picture," says Bach.
Get started on a path to a rich future for you and your partner by following these 10 steps:
SEE ALSO: The 6 worst money mistakes couples make
1. Talk about money
As uncomfortable as they may be, money conversations are crucial— and the earlier you and your partner talk finances, the better. After all, arguments about money are a leading predictor of divorce.
"Smart couples talk about money all the time," explains Bach. "When you work together on your finances, you can compound the results. When you don't, the same can be said for the mistakes you will invariably make."
You'll want to start by understanding the financial background of your partner, finding out how your partner feels about money, and what they consider to be its purpose in their life. This will allow you to understand how they make financial decisions.
Next, you can discuss the more concrete details, such as who is responsible for paying which bills or whether you want a joint account.
"You shouldn't assume that both you and your partner are somehow automatically on the same page when it comes to the question of how you are going to organize your finances and who is going to be responsible for what," writes Bach. "If you haven't already done so, the two of you need to sit down together and specifically work all this out. The alternative is chaos and potentially major strife."
2. Write down specific goals
The first step to achieving anything is to figure out precisely what it is you're after. What do you and your partner want? It could be a vacation home, more wealth, or being able to travel the world together.
"Make your goals specific, detailed, and with a finish line," Bach writes. Next, write them down: "People who write down their financial goals get rich. It's a fact. Study after study has shown that writing down your goals makes it much more likely that you'll achieve them."
Finally, get started right away — within 48 hours, Bach suggests. "By taking this sort of specific immediate action, my goal becomes even more real to me and thus even more exciting," he explains. "It's this excitement that will ultimately create the lasting energy the two of you will need in order to see your goal through to reality."
3. Create a plan
"Failing to plan together is the same as planning to fail together," writes Bach. Simply going through the motions won't cut it — finishing rich requires a written financial plan to outline your budget and savings goals.
Step one is to understand where you're starting from: "Could you tell me your net worth? Do you know what your assets and liabilities and expenses are? Could you easily list on a piece of paper what investments you own, how much equity you have in your home, and on what and to whom you owe money?" If you couldn't come up with any answers, don't worry. That's normal, Bach assures.
Start by addressing those questions. Next, get organized by pulling together your financial records and setting up a new filing system. Once you're organized, don't stop there, Bach emphasizes: "In order to stay on track from your starting point to your destination, you have to monitor your progress." This means revisiting your investments and general financial plan a couple times a year.
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