The definition of Financial Intimacy is the act of two people sharing their financial resources with one another. As with any relationship, oftentimes it is difficult to get all of the facts or know-how of your partner’s spending habits up front. This may, in fact, come over time.
For this reason, it is very important to approach this topic with care. Each of us has our own way of doing things when it comes to our finances. And it is important when we decide to combine finances, or households, to learn upfront what we are getting into.
Trust is paramount. Many people do not want to divulge information that is not “picture perfect”. Therefore, if you are ready and willing to get intimate with your partner, make sure you create a non-threatening environment, and approach the topic cautiously.
How to Increase Financial Intimacy and Trust
- Understand that most spending is emotional
- Behavior that needs to change around money may take time ( like kicking a bad habit)
- Becoming intimate about finances should feel safe and is not a blame game
- Know where you both stand with this free assessment Love and Money Financial Self-Assessment
- Be honest with yourself and your partner
- Make a list of financial goals that you can both work on and be accountable for Together.
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