Why Talking about Money Can Improve Your Relationship

Feb 25, 2021

In one of our previous articles, we’ve already talked about the importance of reading personal finance blogs and improving your financial literacy. However, it’s important to understand that things don’t end there. This is especially true if you’re in a serious relationship, as your personal finances will affect and be affected by another person. This is why we strongly believe that couples must be more open and honest when it comes to conversations around their budgeting and finances.

It’s understandable if you’re a little hesitant to do this, as these topics are quite sensitive. Nevertheless, we implore you to at least give it a chance as it can really improve your relationship. If you need more convincing, here are three reasons talking about money can help improve your relationship:

It Fosters Trust and Transparency

Secrets have no place in serious relationships, and this is doubly true when it comes to your finances. You’ll want to make sure that your partner is in the loop, as it is something that could come into play in your relationship and future family plans. 

By taking the initiative to talk about money, you are telling your partner that you trust them and that you want to be completely transparent. Regardless of how that talk goes, the gesture alone will undoubtedly strengthen your relationship and deepen your bond.

It Helps With Differentiating Needs and Wants

Couples, especially ones that are just starting out, tend to go a little overboard when it comes to spending money. Whether the money is spent on lavish dates, expensive gifts, or luxurious trips, the line between need and want can be easily blurred. And while this isn’t really a bad thing, it’s not something that is sustainable. 

By openly talking about finances, you can both start spending money more responsibly. While it’s not the most fun thing in the world, it is a great opportunity for self-improvement as well. And in the end, isn’t that what good relationships are all about? Now, a good place to start with this is to list down your monthly expenditures. This can really help you zero in on expenses that aren’t financially responsible, and that should be avoided. 

It Helps With Long-Term Goal Setting

Talking about your finances can also help you when it comes to future goal setting. Think about all of your aspirations that involve your partner. We’re sure most, if not all of it, has to do with finances. Whether it is an apartment you want to buy to build your family or a trip that you want to go on, it all has to do with money. 

By being more transparent and open about your funds, you and your partner can start working towards those goals. And while it might not be the most pleasant thing ever, it’s something that you really have to do to take your relationship to the next level. Good relationships aren’t just about being carefree and joyous, as they require serious work and dedication from both sides. 


While talking about finances with your significant other may be a little difficult, it’s something that will pay off in the long run and will only make your relationship stronger. Hopefully, we’ve done enough to convince you that you should start taking small steps when it comes to openly discussing money with your partner.

Do you need more help in making financial decisions? We here at urbanwallet® have got you covered. We are one of the best finance blogs in the US and are dedicated to giving you valuable financial tips that can help you build your wealth. For more information, check out our guides today!

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