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Financial Compatibility

Your Family Your Money

We asked the Your Family Your Money community about how financial compatibility impacts relationships ... and the results confirm one of the most commonly held beliefs about romance and finance: that combining the two can be one of the trickiest parts of a relationship!

How important do you believe it is for couples to be able to talk about their financial situation?
not important - 0
quite important - 0
very important - 42.1%
essential - 57.9%

Do you believe having 'enough' money is an important factor in having a good relationship?
yes - 84.2%
no - 15.8%

How often is stress or tension in your relationship with your partner caused by differences of opinion about money?
never - 15.8%
occasionally - 31.6%
usually - 31.6%
always - 21.1%

Have you and your partner created financial plans for the future?
yes - 52.6%
no - 47.4%

How important do you believe having similar financial 'personalities' is to maintaining a strong relationship?
not important - 10.5%
quite important - 15.8%
very important - 47.4%
essential - 26.3%

Do you and your partner have the same money habits?
yes - 26.3%
no - 73.7%

Do you and your partner clash over money issues?

never - 26.3%
occasionally - 36.8%
usually - 21.1%
always - 15.8%

Money can be a source of enormous tension in a relationship, but we think that being financially compatible may be less important than being able to communicate and compromise when it comes to money issues. Agreeing on everything isn't necessarily the secret to a happy relationship ... but being able to work together just might be!

If you liked this article you might also be interested in these other articles about relationships and money:

Do it together for a better relationship

Bringing the romance back into your finances

Want more? Take a look at the rest of our couples' money planning advice articles.

Share your thoughts, ideas and tips with the rest of the YFYM community ... visit our live forum to have your say!

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Author's Biography

 

Your Family Your Money’s goal is to simplify traditionally complex financial strategies, demystify financial jargon and debunk common financial myths, becoming every family’s first stop for financial advice, information and inspiration.

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