Pay Together, Stay Together

- Hi, I'm Jean Chatzky, and this is your Savvy Money Minute.

- [Narrator] Brought to you by Credit Union of Southern California.

- A recent study confirmed what many of us know: money issues can tear a couple apart. In fact, couples who disagreed about finance once a week were more than 30% more likely to get divorced than those who disagreed a couple of times a month. One solution: common goals. Our long-married friends, Dave and Laurie, talk about their goals together, and this is key: they talk in terms of pictures. One reason: pictures are more romantic than numbers. Also, they're not as abstract, and they always put their goals into short, medium, and long-term categories. Two: you, too, need a game plan. Start by budgeting your joint income to cover bills, and then put aside at least 10% for your mutual goals. Three: online payments from a joint account really helps you track your expenses. Finally: autonomy. Great couples aren't just good together; they're good alone. Give each other financial freedom: money set aside for each partner to do what they want. That's not just love; that's respect. I'm Jean Chatzky for your Savvy Money Minute.

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