When setting your financial goals with your partner, there are some fairly common questions you should ask.
What do you view as frivolous spending?
What do you view as necessary spending?
What do you see retirement like?
When do you want to retire?
What’s your most important financial goal?
But there are other questions you should ask yourself and your partner, ones that delve deeper into the psyche.
What, financially, makes you feel uncomfortable?
Who was your money guide (as a child or an adult)? Why?
How do you react when you feel short on money? Why?
How do you react when you’re flush with money? Why?
What does money mean to you?
While these more philosophical questions might not have clear answers, they will drive you and your partner’s money habits. Without addressing our psychological tendencies around money first, changes made based on the more typical questions around budgeting won’t likely last for long if they conflict with the subconscious.
It’s maybe why we avoid financial discussions. It shines a light on who we are as a person more than we would like.
Photo by Torbakhopper.