Handling your own finances as a single person is stressful enough, but enter a significant other and managing your finances becomes that much more chaotic and confusing.

After all, you’ve likely developed habits and opinions about budgeting, savings, and investing throughout your lifetime, and your partner’s opinions are bound to be different.

Money is one topic that often causes conflict and discord within relationships. Thus, in some cases, couples choose to not even broach the topic to begin with.

But, money doesn’t have to add tension to your relationship. To keep your finances from causing conflict, take a look at these four common money problems couples face and how to solve them.

High five

1. You’re Not a Team

Keeping all your finances separate might seem like a good idea, however, it can create confusion, as well as keeping you from feeling unified.

As a couple, it’s important to be a team and that counts when it comes to your finances as well. Creating joint checking and savings accounts can eliminate any difficulty when it comes to paying bills, keeping track of your finances, and planning out your goals. Plus, it can help take some of the pressure off of one person when you handle your finances together.

Couple with financial advisor

2. You’ve Established Differing Habits

Depending on your age, you’ve no doubt established all of your own financial habits and practices. A budget may be of utmost important to you and you might have decided on the perfect ideas when it comes to saving and investing.

But, when it comes to your significant other, those habits might be very different. In some cases, their budget might be non-existent.

Take time to sit down and figure out what habits and practices you can compromise on. And, if you find it difficult to find mutual ground, consider bringing in a financial advisor or attending a workshop together.

Couple shopping together

3. Your Views on Spending Conflict

Much like your financial habits, your individual views on spending and saving might be very dissimilar. You might be a frugal penny-pincher, while you partner has a tendency to impulse shop.

Alone, this might not be a big problem. But, together, your differences are bound to cause tension.

As with your habits, sit down and discuss what’s important to each of you and create a budget that allots each partner to use so much on personal expenses. That way each partner’s opinion is taken into consideration and given value.

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4. One Partner Has A Lot of Debt

Many couples fail to have a transparent financial talk during their relationship before tying the knot. Unfortunately, in some cases, this can lead to one of you gaining a hefty amount of debt.

Whether you’re joining debts or are handling one person’s, deciding on a strategy for how to handle said debt as a couple is imperative. And as a married couple, all debt is joint debt.

Begin by examining where exactly all your debt stems from, then decide how you’ll pay it off together. Create a budget that emphasizes paying off your debt, find ways to cut back together, and come up with a plan to keep future debt at bay.

Money seems to consistently be a sticky and complicated subject in relationships. Managing your money takes time, energy, and planning. That being said, no matter what habits you’ve established yourself, as a couple, you’ll have to find ways to manage your finances together.

Couple working together

Joining finances isn’t always easy, but it doesn’t have to be a source of stress or conflict. Set aside time to discuss your financial situations and get in sync. By doing so, you can help avoid some of these common money problems as a pair.

About Kayla Sloan

Kayla Sloan is a freelance writer who covers business and personal finance. She has been featured in The Huffington Post, Time, Entrepreneur Magazine, and more. Kayla is passionate about helping people improve their finances so they can pursue their dreams.


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