“Rather than obsess over the differences, focus on what you share in common.”
In Love with your Financial Opposite? How to Make It Work
You’re a goody-two-shoes saver. Your partner’s a wild spender.
You’re obsessed with investing. He doesn’t know the difference between ROTH and traditional IRAs.
You track your spending on the Mint app daily. She waits to review her spending until the credit card bill arrives.
If you and your beloved are financial opposites, you’re not alone. A highly-referenced academic study found that “tightwads” and “spendthrifts” tend to attract. Spenders may find security and comfort in being with a saver. And savers may enjoy the thrill of partnering up with someone who likes to splurge.
But as we know, money differences can eventually spark conflict, which can trigger bigger problems including divorce.
But it’s not all doom and gloom. The same academic study that discovered financial opposites attract, concluded that couples can succeed when they commit to controlling spending and credit card debt.
If your money differences are hurting your relationship, check out my advice to help keep your fiscal attraction from turning fatal over on the Mint blog.