Discussing finances is a common source of stress for couples. Between long-term planning that may be a source of anxiety, it also brings up the uncomfortable question of who contributes what. But ignoring this very important topic is not really an option. That’s why some couples have settled on an unorthodox salve: “money dates.”
On these dates, the goal is to mix business and pleasure. Once seated, the food and drinks order is in, it’s time to review and discuss the budget, financial goals, and plans on how to achieve them.
The Good and the Stressful
Money dates may make it easier to have difficult, yet crucial conversations. Having such a conversation in more desirable circumstances is like pairing wine with food: It just goes down easier. The idea of pairing a dreaded task with a coveted reward is called “temptation bundling.” It can be a useful way to get on the same page, financially speaking, without getting on each other’s nerves.
Regular reviews of budgets, spending patterns, and goals for the near and long-term are key to staying on top of your finances — especially if it’s not just yourself you have to consider. Finding a way to make these conversations more enjoyable might make it easier to keep them going for years to come.
Wealth & Wellness
Splurging on a night out in order to save money might sound counterintuitive. But there’s no need to spend big on a dinner to make a money date work for you. As long as partners find a setting to have an open conversation, away from the chores and stresses of everyday life, the money date is living up to its intention.
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