How to Manage Your Finances and Relationships: Tips for Couples

I’m sure you know the feeling of wanting to be with someone, but not having enough money. We’ve all been there. You want things to work out in your relationship with this person, but it’s hard when you’re both struggling financially and can’t afford anything more than a pizza night together. I mean, who doesn’t like pizza? Unfortunately, that’s just not going to cut it for long-term happiness in relationships or marriages. Here are 7 tips to handle finance when you are in a relationship.

1. Set a monthly budget to manage your finances

The first step to take is to set a monthly budget for yourself. Figure out how much money you have coming in each month and what your fixed expenses are (e.g., rent, car payment, student loan payments). Then see what’s leftover for variable expenses like groceries, entertainment, and travel. It might be tough at first, but try to be as honest as possible with yourself and stick to your budget.

If you’re finding it hard to make ends meet, there are a few things you can do: downsize your living space, get creative with entertainment options, or take on extra work hours. But remember that it’s important to have some breathing room in your budget so you aren’t constantly stressed about money.

2. Stay on top of your bills by paying them as soon as possible instead of waiting until the due date

One of the best ways to stay on top of your finances is to pay your bills as soon as possible – preferably before the due date. This way, you’re not scrambling at the last minute to come up with the money and you avoid late fees.

If you can’t afford to pay your entire bill at once, try paying it in installments. This will help you stay out of debt and keep your credit score in good shape.

It’s also important to have an emergency fund so you can cover unexpected costs in case something comes up (like a car repair). Try to save at least $500 so you’re not caught off guard.

3. Make sure both partners are happy with their financial situation before getting married because there is no going back once that happens!

It’s not fun at all to be in a marriage or long-term relationship where one person is unhappy with their financial situation. This can lead to resentment and lots of fighting, which no couple should have to do!

Before getting married, you need to make sure that both partners are ready for this next step financially (and otherwise). Don’t get married until you’re ready for the commitment, financially and otherwise.

4. What to do when your spouse is not on the same page as you are about finances?


Sometimes, especially when you first marry someone and merge your finances together, it’s not easy to get on the same page about money. Maybe one of you is a super saver who always wants to save for a rainy day while another person isn’t as concerned with saving up or living frugally.

If this sounds like your situation (and it’s causing tension in your relationship), you need to sit down and talk about it. Come up with a plan that makes both of you happy and works for your current financial situation. Maybe one person is okay with spending more money while the other person still wants to save as much as possible – just make sure there is communication and understanding between the two of you.

5. 3 ways to make sure your partner doesn’t spend too much money

One of the biggest financial concerns in any relationship is how to handle money when one person tends to spend more than the other. This can lead to arguments, resentment, and a lot of stress. Here are three ways to help make sure your partner doesn’t spend too much money:

– Set limits on what each person is allowed to spend every month.

– Use a credit card or debit card that is linked to both your accounts so it’s easy to track what you’re each buying and spending.

– Give them an allowance (i.e., pay them for doing chores) instead of just letting them spend as they please with no consequences.

The key here, though, is communication. You need to be able to talk openly and honestly with your partner about money so there aren’t any misunderstandings or hurt feelings. Money is a touchy subject for a lot of people, but it’s important to deal with it head-on if you want your relationship to last.

6. The best way to handle things if you’re feeling like a financial burden for your partner

It’s not easy to feel like a financial burden for your partner, but sometimes this is the case. Maybe you’re the one who always has to pay for everything or maybe you’re not working and relying on your partner to support you.

Whatever the reason, it’s important to talk about it openly with your partner. Let them know how you’re feeling and be honest about your situation. This will help them understand where you’re coming from and how they can best help you.

If you’re not comfortable talking about it directly, try writing a letter to them instead. This way, they can read it at their own pace and won’t feel rushed or like they have to respond immediately. Just be sure to talk about it in some way so that you can both work on the issue together.

7. Tips for communicating better about finances and how it affects relationships

Talking about money is one of the most difficult things to do with your partner. It’s a touchy subject and can lead to fighting, resentment, or lots of tears.

But if you want your relationship – and money situation – to work out in the long run, it’s important that you learn how to communicate better about finances. Here are some tips to help you do just that:

– Come up with a plan together instead of trying to fix things on your own. This way, the other person knows what’s going on and why it’s happening so they can be supportive too!

– Put feelings aside for now and focus only on solving the problem. Money is important but it’s not worth ruining your relationship over.

– Talk openly and honestly about what you’re both feeling. This will help get rid of any misunderstandings and make it easier to find a solution that works for both of you.

You can’t be the best you if your finances are a mess. This blog post has given some great tips on how to get started with managing your personal finance and relationships in order to live the life that you want. The first step is admitting that it’s time for a change. Check out my other articles on Personal Finance and start taking action now!


I am a data scientist at a technology startup in Texas with interest in finance and cryptocurrencies. Additionally, I studied Finance and Economics as my undergraduate degree and focused on International Trade and Finance for my PhD. For about 8 years I worked as a VP for a regional bank doing international trade and finance before getting into fintech startups.