1. Be Honest About Your Money
A couple’s financial state can make or break them. Be honest with one another about how you’re using your finances and resolve any conflicts you have right away.
2. Decide To Do It Together Or Separately
Plan out if you are going to pool your money into a joint account, or if you want to keep your finances separate. Remember, if you decide to have a joint account, you are both responsible for any transaction that goes in or out.
3. Or Get The Best Of Both Worlds
For those who want to share money with their partner, but still want financial independence, go ahead and open two accounts. One joint account to cover bills and any other joint expenses, and another with your own income.
4. Have Equal Responsibility Around The House
Who enjoys doing chores? No one, but both of you have to put in a little effort. Create a list that splits up household chores evenly. That way, you’ll spend less time cleaning and more time cuddling in your spotless home.
5. Get The Benefits Of Your Mortgage
If both of your names are on the mortgage for the house you own, you are able to share the mortgage interest tax deduction.
6. Set Aside Time To Have A Little Fun
You’re both busy, but make sure you set a time to have fun with each other. Go to your favorite club, walk around your favorite market, or stay home and enjoy a reality TV marathon together. All that matters is that you’re spending quality time together doing something you both love.
7. Get Some Personal Space
You love your partner with all your heart, but let’s be real, do you want to be around them 24/7? Whether it’s a local coffee shop or a little nook in your house, have a place where you can go to and unwind by yourself. It’ll make the time you’re with your partner that much more special.
8. Pick Your Battles
Does your partner love to sing just a little too loudly in the shower? Do they make an annoying noise when trying to get food out of their teeth? If the little things are really bothering you, say something right away. Otherwise, learn to accept their little “quirks” and let the small stuff go.
9. Think About Insurance Plans
If you and your partner aren’t married and you don’t jointly own your home, the one not listed on the mortgage needs renters insurance to help make sure you’re both protected.
10. Get Health Insurance Coverage For Both Of You
Do some research to see if your work provider’s plan includes coverage for your partner. For life insurance, Allstate allows you to list anyone as the beneficiary on a life insurance policy. So even if you and your partner aren’t married, you can still help provide financial security if something happens to you. Feel safe #outholdinghands with Allstate.