Relationship Advice 121: Split the Check, Please
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Nov 15, 2017 
Join millennial money expert Stefanie O'Connell, author of "The Broke and Beautiful Life," as she dives into the financial dynamics of relationships. Discover how to communicate about money and navigate spending habits effectively. Stefanie discusses the challenges of combining finances, the nuances of splitting bills, and the importance of shared financial goals. With practical advice and insights tailored for modern couples, she empowers listeners to foster healthier financial partnerships and avoid common pitfalls.
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Start Dealing With Money Today
- Do engage with your finances now instead of avoiding overwhelm and anxiety about debt or budgets.
- Stefanie says time is your greatest asset; ignoring debt lets it grow and reduces future options like avoiding default or bankruptcy.
Create A Money System With Three Parts
- Do set clear logistics, boundaries, and shared goals when combining money as a committed couple.
- Stefanie recommends options like joint checking for shared expenses, spend thresholds requiring check-ins, and monthly money dates to review progress.
Set Dollar Thresholds For Big Purchases
- Do agree on specific spending rules like a dollar threshold for pre-approval before purchases.
- Use a shared contribution amount to joint savings so individuals can spend freely below the threshold without surprise conflicts.