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By: AgFed Credit Union

Welcome to AgFed Credit Union's MoneyDig blog! 

Get confident about your personal finances with a number of articles, tips, advice and more.


Navigating the Money Conversation with Your Significant Other

 Feb 08, 2021
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Whether you’re just beginning to get serious about each other, considering moving in together, or are currently living together and thinking about intertwining your finances, having that money conversation with your significant other can feel about as prickly as hugging a porcupine.

But it is a conversation you must have — together.

It is much easier to have that conversation now, instead of waiting until you’re in the thick of a financial meltdown over differing money views, ideas, and goals. Plus, future dreams and plans — like purchasing a home, having a family, or retiring someday — rest largely on the financial decisions you make at the beginning of your relationship.

Here are important money conversation topics to have with your significant other.


Conduct the Money Conversation Before You’re in Too Deep

Make the time before you’re married, or even talking about marriage, to have that all-important money conversation with your significant other. This can allow you to recognize potential red flags and spending changes that need to happen earlier in your relationship so you can address them before any financial repercussions occur.

The money conversation must also include a discussion about your hopes and plans for the future. Be specific about what those plans are, how you intend to save for them, whether your goals are similar, and if you share common ground to build on for your retirement planning.

The money conversation is one of the most important discussions for couples not yet married to have. At its core, it’s about finding out if you’re financially compatible to last the long haul. That means learning about each other’s buying, saving, and spending habits, as well as your common hopes and dreams.


Come Clean About Debt

You can’t undo your past. Many people, millennials especially, are drowning in student loan debts. These debts will never offer a clean slate for consumers until fully repaid. You may feel embarrassed or even a little vulnerable about that debt, especially if you weren’t able to ultimately graduate. The same holds true with the total of your credit cards and any other financial liabilities.

Debts from your past do not have to define you. Unfortunately, they will remain an obstacle between you and your significant other until you have an honest discussion.


Discuss Individual Buying, Spending, and Saving Habits

It’s essential to understand your own general habits and preferences when it comes to buying, spending, and saving. It can also be eye-opening to view your financial habits through an objective lens. You need to understand your partner’s practices, as well.

Understanding these things about yourself and your partner is critical for working together to create a financial plan that works for both of you, without leaving one or the other feeling overwhelmed and resentful over time.


Continue the Conversation

The money conversation isn’t a “once and done” ordeal. People change, situations vary, and finances shift. So, it’s a conversation you’ll need to have regularly. A monthly or quarterly review of expenses and savings is essential to keep both of you going down the same financial road, rather than one (or both of you) swerving off course.


We’re Here to Help!

From setting up joint checking and savings accounts to financing your first home, we can help you get the accounts and services you need as a couple. All you need to do is give us a call at 202-479-2270 or email us at

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