The Money Date: What Couples Should (& Shouldn't) Do to Align Finances

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 31 December 2024

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

Calling all couples! You and your partner may be on the same page financially or off in two different directions; regardless of where you’re at, it’s a great time to start having money dates! In this episode, Mindy and Scott are going solo, talking through why money dates are such a crucial part of any healthy relationship. This isn’t just talk, both Mindy and Scott are adamant about money dates, they do them often with their partners as well! If you’re an individual listening to this episode, you may feel a bit intimidated by the concept of a money date. Do you just sit down and talk about index funds and taxes for an hour? No! A money date can be a perfect time to be alone as a couple, talk about the future, make some positive changes, and hold each other accountable for being the best version of yourselves. If you have a partner who may be a bit averse to the concept of a money date, have no fear. Mindy and Scott have perfected their plan for setting up a successful money date and how to make it enjoyable when you’re in it. With the new year coming up very soon, this is the perfect time to plan a money date with your special someone. You won’t regret it! In This Episode We Cover What is a “money date” What to do before you suggest a money date to your partner How to make the money date successful and what topics to bring up Following up on your money date and setting up systems for success The importance of keeping your ideas simple in a money date How to present the idea to a partner who may not be too keen on finances Why money dates help create healthier, happier relationships And So Much More! Links The Intention Journal Money Date Homework Template Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-594 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Happy New Year's Eve! We hope you are taking time today to set up your financial goals for 2025,
0:06.4	so that you are one step closer to achieving financial independence. In fact, Scott and I are busy
0:11.8	doing just that. So today, we are bringing you one of our favorite episodes for an encore.
0:18.1	It's half the battle to make sure you have a financial plan, but is your partner
0:23.8	on the same page? In this episode, we'll talk about all of the things you should be discussing
0:28.8	with your partner when it comes to money, and most importantly, how to make sure it's fun.
0:34.7	Listen on for more. Welcome to the Bigger Pockets of Money podcast, show number
0:38.2	157, where Scott and I talk about how to have a money date with your partner. Scott, one of the
0:44.3	things that we hear from couples over and over again when we interview them on the show is that they
0:49.4	have a regularly scheduled money date with their partner. And we've never really talked about how to have a
0:56.5	money date with your partner. I think today would be great to give kind of a step by step or set
1:01.6	some guidelines for our listeners so that they can start off 2021 with a brand new outlook on their
1:08.4	financial future. Yeah, I love it. This is something that I think is really
1:11.9	important. And I think that's more of a general goal setting conversation and then and then talk
1:18.6	about how money specifically I think fits in that and how to have those conversations and be
1:22.8	prepared in that. But like, this is something that I do. I know you do, you and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, and, this could be a helpful conversation. It will give you a couple of things to download if you're
1:44.5	interested. Those could be found at the show notes at biggerpockets.com slash money show 157.
1:50.2	Those will include a couple of worksheets and those types of things if you're interested in and all
1:53.6	free. But should we get into it, Mindy? One of the most frequently recommended ideas that our
1:59.5	guests have shared is the money date.
2:01.9	Most of the couples we speak to have a regular scheduled time to sit down with their partner
2:06.9	and discuss their financial situation.
	...

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