Valentine's Day: 5 keys to manage finances as a couple
14/02/2025
Managing finances as a couple can be a challenge, but with good organization and communication, it is possible to achieve common financial goals and enjoy a healthy financial life. In this post we share five essential keys for proper financial planning as a couple.
- Talk about money naturally
It is essential to deal transparently with issues such as cost-sharing, savings planning and future financial expectations. Talking openly about money helps avoid misunderstandings and build a solid foundation for joint financial management. Although it is possible that one of the two members of the couple has more financial knowledge, it is important that both partners are aware of the financial situation and the decisions being made.
- Understand the legal and tax implications
Knowing the financial impact of decisions such as marriage or signing joint contracts is crucial. These decisions can affect the tax return and the shared assets, so it is important to be well informed and properly advised.
- Prepare and follow a budget
Realistic planning of income and expenses makes it easier to make decisions and achieve common financial goals with greater certainty. A well-crafted budget helps control money and avoid unnecessary spending.
- Know the financial situation of the couple
Financial transparency in the couple is recommended: know each other's income, debts and investment risk profile. This information is essential to better manage common finances and avoid unforeseen events that may affect economic and emotional stability.
- Are you financially compatible?
In the Finance for All Portal, you can take the Financial Compatibility TestOpens in a new window and access more resources on managing finances as a couple.
In the Banco de España Instagram account you can also test the financial compatibility.
“Disclaimer: Please note that this is a translation of the original in Spanish that has been obtained using eTranslation (the machine translation tool provided by the European Commission), with the intention of giving you a basic idea of the content in English until a human translation becomes available. The Banco de España accepts no liability whatsoever in connection with this translation.”