Being in a relationship means working as a team. When you're on the same page about your income, expenses, assets, and liabilities as a couple and as individuals, it's much easier to make progress toward your goals.
CFP Lori Lustberg of Pathway Financial Advisors recommends creating a financial plan and a budget to use as metrics for weighing financial decisions.
"The biggest issue I see for couples is a lack of education and communication about income and expenses," she says. "Since financial stress is one of the top reasons couples get divorced, the advice I give everyone is [to understand] their personal budget as well as their assets, both shared and separate."
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