The Secret to Marital Bliss? Weekly Money Chats

The Secret to Marital Bliss? Weekly Money Chats

When it comes to finances, you may be asking—what’s love got to do with it?

Everything!

The latest “Love and Money” poll from TD Bank reveals that talking about money has big implications for the health of a couple's relationship.

Among respondents (married and unmarried) who discussed money with their significant other at least once a week, 42% described their relationship as “extremely happy,” compared to 27% of those who discussed their finances less often.

Then there are the couples who don't even bring up money basics.

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A recent Fidelity survey of married couples found that 43% of respondents couldn’t say how much their partner earned. Of that group, 10% were off in their guesses by $25,000 or more.

“Many of us are taught from a young age that money is a taboo topic of conversation, but when it comes to romantic relationships, discussing finances needs to happen sooner or later,” said Ryan Bailey of TD Bank in a statement.

The TD Bank study found that Millennials were most likely to talk—and fight—about about money. Nearly three quarters of Millennials in relationships discussed money with their honey at least once a week, compared to 61% of all survey respondents.

On the flip side, 36% of Gen Y-ers also reported arguing about money at least once a week, while a whopping 83% believed that their significant other was guilty of overspending.

And financial infidelity? That’s a relationship deal breaker. In another recent study, 70% of people agreed they would break up with someone who had a hidden debt of $5,000 or more.

If you’re in need of tips for navigating love and money, get tried-and-true advice from long-married couples who learned to talk about money.

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