We won’t front - managing your own finances can be challenging, let alone with your partner in crime. To help you in your journey to winning at money together, here are 5 tips for managing your money as a couple:
When it comes to debt, it helps to be as transparent as you’re willing to be with your partner. This is especially true if you’ve merged your finances together because your debt is no longer just your own. If you both have shared financial goals - like marriage, kids, or homeownership - then it’s crucial to have an accurate overview of your shared financial situation.
By discussing what debt you’re each bringing into the relationship (including student loans, credit cards and personal loans), you’ll find yourselves coming together. Talking about debt shouldn’t be something you’re ashamed of, in fact, your partner probably is (or has been) in the same boat.
One of the key pieces of advice I give to all of my clients is to try money dates. A money date is like your typical date night, but your discussions revolve around how your money can be used to achieve your goals. It’s the ideal time to go over financial goals, look at monthly cash flow, and prep for any upcoming expenses. Make the discussion of money more normal (and romantic!) by having reoccuring money dates on the same days and times.
There is nothing worse than surprise costs, like getting your car repaired or replacing your laptop (cause who pays for the insurance anymore). To make sure you’re both covered and that bill doesn’t take a huge toll on either of you financially, build a joint savings together that you and bae can use for emergencies (AKA, an Emergency Fund). This allows for you to lean on each other in times of need as well. The best part? If you have a sufficient cushion, you can use this joint savings account as a vacation fund for when you want to take that second honeymoon!
It never hurts to be more budget-conscious when it comes to going on dates together. And just because you’re cutting back on costs doesn’t mean you have to stop doing all the things you both love! Trust us, there are so many ways to keep the dates spicy while saving money.
Ever heard of a half-date? It’s where you cook dinner together and then go out to eat just for dessert rather than spending money on a whole meal! Genius. We actually came up with a bunch of fun budget-friendly date night ideas that you probably haven’t tried before!
You’ve probably heard of Mint, or any of the alternative budgeting apps out there (YNAB, EveryDollar etc.), to help track and manage your own finances. But, have you ever tried using an app that’s designed specifically or couples? It’s a whole different ball game when it comes to managing shared expenses successfully and apps like Zeta can help to do the heavy-lifting with features made with couples in mind.
Zeta provides one simple view of your shared finances and gives a clear picture of where your money is going as a team. You can also create budgets together, track and manage bills, and a ton more. Not to mention, it’s free to use! All wins across the board.
Want more on love and money? Subscribe to our newsletter!
A budget is a tool for you to grasp how much is going in and how much is going out. And it’s even more important when you’re navigating incomes and expenses for two.READ MORE
To safely consume this site, we recommend reading this disclaimer. Any outbound links will take you away from Zeta, to external sites in the world wide web. Just so you know, Zeta doesn’t endorse any linked websites nor do we pay/bribe anyone to appear on here. Any reference to prices on the site are just estimates; actual prices are up to specific merchants and their current desire to charge you for things. Also, nothing on this website should be construed as investment advice. We’re here to share our favorite tools, tactics and tips for managing your money together. This content is for your responsible consumption. Please don’t see this as a recommendation to buy specific investments or go on a crypto-binge. Lastly, we 100% believe that personal finance is exactly that, personal. We may sometimes publish content on this website that has been created by affiliated or unaffiliated partners such as employees, advisors or writers. Unless we explicitly say so, these post do not necessarily represent the actual views or opinions of Zeta.
The Zeta Joint Card and Joint Account is offered by Radius Bank, Member FDIC. Zeta Help Inc. is a service provider of the issuing bank. All deposit accounts of the same ownership and/or vesting held at the issuing bank are combined and insured under an FDIC Certificate, up to $500,000. The Zeta Joint Debit Card, provided by MasterCard, may be used everywhere where MasterCard Debit Cards are accepted.