Having money interviews with significant others is extremely important for financial success.

When you decide to enter into a serious relationship with someone, I highly recommend regularly having serious conversations about money.

Unfortunately, many people completely skip this valuable step.

Some people don't like to talk about money because their problems become too real and they don't want to face reality.They may also feel ashamed of their financial mistakes or may not feel as good as others.

Or they may not know what they're doing!

But you will not achieve financial success in life if you do not begin to know money.

And, a great way to learn about money is to talk openly about it with those around you.

I read an interesting study by Frost Bank that links optimism and financial health.As you know, I firmly believe that positive thinking can change your life, so I found it extremely interesting!

The study found that optimists are 7 times more likely to experience better financial health than those who are pessimistic.The study also revealed simple habits that anyone can adopt to become more optimistic and improve financial health, with one of those habits willing to talk about their finances more openly.

Other interesting findings of the study include:

• 76% of optimists say they feel comfortable talking about money compared to 53% of pessimists, and optimists are more interested than pessimists in knowing money as well.
• Optimists experience 145 fewer days of financial stress per year than pessimists.

After seeing this research, I thought it would be a great idea to talk about how you can have more open conversations about money with your partner, since they can have    a noticeable impact on a person's life.

By playing outside the familiar "Honey Do List", we create a "Money Do List" to help everyone improve their management.

Below is the list of my money, so that we can eliminate the taboo talking about money.

 

1. You should regularly talk about money.

I highly recommend having regular money meetings with your partner, as talking about money is an essential step for any partnership.

You would like to be open about your financial situation because it will help prevent financial surprises and allow both parties to the relationship to be aware of finances.

So, how often should you have a money meeting?What is normal anyway?

The period is up to you.You can decide to do it weekly or monthly, or at some other time that works best for you and your relationship.You can also decide to try different time periods to see what it does and doesn't work for your situation.

Now, there's too much time, though.I don't recommend going months or years at a time without talking about money.Many things could change in that period of time, and in any case the talks about money should not take too long.Cash meetings can last up to 10 minutes, so there's no reason not to have them more often.

In your regular interviews with your spouse, I recommend discussing topics such as:

• The financial goals you're working towards.
• The things you appreciate in life.
• Your budget.
• Pension and investment plans.
• Financial problems.

And so on.Every family is different, so you can decide to add certain topics to your regular money meetings.

 

2. Define your financial goals.

I suggest you talk to your partner to define your goals.

You will need to discuss your ideas on how you would like to manage your money, how to invest for retirement, save money for vacation, and so on.

If you and your partner are both dedicating time and thought to your financial goals, you can work on them as a team and be much more likely to have a positive outcome.

 

3. Create your budget together.

In the Frost Bank study mentioned earlier, optimists felt it was important to have a rough plan, and building a budget is the first step.

You should create a spending plan with your partner that is easy to maintain and fits your shared priorities in life.

Instead of having just one person in the relationship build and manage the budget completely, I recommend doing it together so that everyone is on the same page.

A budget can keep you aware of your income and expenses.With a monthly budget created with your spouse, you'll know exactly how much you can spend on a category each month, how much you need to work, which areas of spending need to be evaluated, among other things.

Having a budget can help you achieve your financial goals, pay off debts, make more money, retire, and more.

 

4. Find ways to be positive.

Your mindset is crucial when it comes to achieving greater financial health in a relationship.According to the Frost Bank study, 9 out of 10 people want to be more optimistic, which in turn can lead to greater financial health.

No matter how bad life may seem, I believe that having a positive outlook as much as possible can really help a person persevere through more difficult times.

Being optimistic can help you:

• Go for your goals
• Feel motivated, so you can keep pushing beyond what's slowing you down
• Move on from your past mistakes and regrets
• Have the energy to improve your situation
• Be happier and more cheerful

Being pessimistic about things can make you waste precious time, which can make you earn less money, not reach your goals, save less money, and so on.

You will most likely always be happier and achieve your financial goals if you try to be more optimistic.

Do you have open conversations about money with those around you?Why or why not?