10 Money Habits of Highly Effective Couples

There’s no handbook for how couples should manage their money effectively because, well, each couple wants different things out of life. 

Still, there are ways to grow your money together while keeping arguments to a minimum.  

Here are 10 habits that can help you become one of those couples that “have it together” when it comes to their money — and tips on how to get there.  

Understand You've Shared Vs. Personal Expense

This can help you eliminate spending on some things you’re both paying for (it happens!) and get a sense of your actual shared bills to utilize your joint account better and start spending as a team. 

Know Your Strengths and Weaknesses 

Rather than expect the more free-spirited person to become the master of spreadsheets, think about how they can best contribute to the financial relationship. 

Understand Your Needs, Wants, and Goals 

By creating buckets, for example, using the 50/30/20 rule (50% on needs, 30% on wants, and 20% to savings), you can start effectively planning with your money rather than just saving and spending sporadically.