Forget Sexual Compatibility – Are You Financially Compatible?

By

Life Coach: Are You Financially Compatible?
Why money may be more important than sex in your relationship.

In a recent survey, 1,000 single adults ranked financial responsibility higher than physical attractiveness when considering a mate. In fact, women ranked financial responsibility in a long-term partner to be equally essential as sexual compatibility.

So how do you find a financially responsible companion?

 

1. Look For A Willingness To Discuss Money Matters. If the cat's got his tongue every time you try to talk about money, he may be a dog. Look for someone not afraid to discuss the reality of finances. We use money every single day so it makes sense you would like to know their thoughts on the subject. You don't need to grill them about their credit score, but if they are willing to talk about dollars and cents, try a few open-ended questions, like:

  • What kind of vacations have you taken recently?
  • What stresses you out when it comes to money?

If you've been together a bit longer, you might like to know:

  • Do you consistently track your savings and spending?
  • How do you feel about debt?
  • Do you invest? Would you describe yourself as conservative or aggressive?

A willingness to talk about money is a great quality in a potential mate. Open communication now means less misunderstanding and potential conflict down the road.

2. Watch For Warning Signs. If it seems like your potential mate has an extreme approach toward spending or saving you may want to reconsider a long-term union. If he spends money without considering future consequences or avoids participation in anything requiring a financial commitment, you may be dating a personality type we call a "flyer." They are not likely to care about consequences to their money decisions, because they believe relationships and memories trump financial responsibility. Of course, that is not all bad. But extreme spending or saving without any regard for the future may signal financial immaturity, not responsibility.

Along those same lines, is enough never enough for your honey? If they are a spender, does it seem like they never have enough stuff? If they are a saver, does it feel like there is never enough saved? Do they always look for a better deal, need to wait another year to buy the ring or miss out on making memories because they think they need to save more? Be wary of a consistent pattern of never-enoughness.

3. Know Yourself And Consider Compatibility. How do you feel about money? There's no wrong answer. Does it make you crazy or do your rarely even think about it? Do you love to browse online but don't feel the need to buy anything? Or do you feel best about your day when at least some part of your outfit is new? Do you hate spending money on little stuff, but don't mind a big, quality purchase? Do you have more coupons in your purse than dollar bills?

Everybody thinks about money differently and we don't choose how we feel. It is part of who we are and research shows that our attitude is not likely to change any time soon. Your potential mate's approach isn't likely to change either. So take a little time and think about how you spend, how you save and ultimately how you are wired when it comes to money. Then consider how that might complement or conflict with your potential mate's approach to financial responsibility.

If he or she doesn't mind some money talk, understands moderation with dollars and cents and seems to be the yin to your financial yang, then we recommend you invest in that relationship.

Scott & Bethany Palmer are financial planners who love to help people understand "the other side of money" and how it affects their relationships. Uncover your approach to money, your Primary and Secondary Money Personalities, with their free online quiz.

More Life Coach advice on YourTango:

Article contributed by

Scott And Bethany Palmer The Money Couple

YourTango Expert Partner

The Money Couple, Scott & Bethany Palmer are parents, finance experts, authors, and regulars on national TV and radio. With 40 years of combined financial planning experience they launched The Money Couple to help couples and families improve their relationships with love and money. Scott and Bethany enjoy an active lifestyle living in Colorado with their two sons, Cole and Cade. Pre-order their NEW BOOK, The 5 Money Conversations To Have With Your Kids At Every Age and Every Stage

Take the FREE Money Personality Assessment!

Sign up to Raise Money Smart Kids with Scott & Bethany's new FREE video series

Learn more about The Money Couple's video series Raising Money Smart Kids

Location: Colorado Springs, CO
Credentials: Other
Other Articles/News by Scott and Bethany Palmer The Money Couple:

4 Ways To Teach Your Kids Credit Savvy Money Skills

By

My son Cade and I were shopping the other day when he asked me to purchase something for him. I told him, "Sorry, bud. We can't afford it." His reply hit me like a brick in the head: "C'mon, Dad, don't worry about having the money today, just put it on a credit card!" Holy sh*t, I thought to myself. I've been a ... Read more

Do Your Kids Have A Bad Case Of The Gimmies? 3 Ways To Cure Them

By

Forget cold and flu season. This time of year, kids come down with a bad case of the "gimmes." With all the new toys, new technology, and mega sales, wanting more is pretty contagious, but the "gimmes" aren't fatal. You can help your child, and your entire family with these parenting tips that encourage a spirit of thankfulness ... Read more

5 Signs Your Child Might Be An Entitled Brat (Thanks To You)

By

Once upon a time, parents feared their children wouldn't have enough. Now we fear our kids have way too much. You want to give your child every advantage you never had, but where is the line between investing in their growth and happiness and raising an entitled brat?  The main difference is noted in their attitude. A "spoiled" ... Read more

See More

 
Latest Expert Videos
ASK YOURTANGO MORE QUESTIONS
Must-see Videos
SEE MORE VIDEOS
Most Popular