Money can be one of the thorniest issues in long-term relationships. Here’s how the concept of financial compatibility can help.
As she goes on to explain, our financial decisions are actually very personal – when we pair up with a partner, we usually have to make these decisions alongside them. “Whereas much of our true financial story is obscured to the public, romantic partners have an upfront view, and they may or may not agree with each other’s approach to money,” writes DiDonato.
Citing a 2011 study, she writes, “On the surface, savers and spenders seem like a complementary match, an arrangement that would help everyone out. Indeed, it tends to be the ‘tightwads’ and the ‘spendthrifts’ who are regularly marrying each other.” However, apparently, these pairings lead to tension and disagreement about money.
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