PennyGem’s Elizabeth Keatinge tells us how to talk to someone you’re dating about money and why it’s important.
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00:00 So you've met your perfect guy.
00:06 Like the same music, sports, and he actually looked better than his photo on the app.
00:11 One more thing, before you get all googly eyed and start talking forever, you need to
00:15 discuss finances and make sure you're on the same page about that.
00:19 So awkward though, right?
00:21 Financial psychologist Brad Klontz tells CNBC that around the same date you're talking about
00:25 whether or not the person wants to have kids or where they want to live someday is probably
00:30 when you should discuss finances.
00:32 The National Center for Biotechnology Information interviewed 52 divorced individuals after
00:37 their first marriage and found finances to be the fourth leading cause of divorce, behind
00:43 absence of love, substance abuse, and control issues.
00:47 There's low key ways to get the pulse on how your potential partner feels about money.
00:51 Including where they go or want to go on vacation, what date ideas they suggest or are comfortable
00:56 with, or talking about your upbringing and what your parents thought about.
01:00 Talk about your dreams for the future.
01:02 You can tell a lot by what someone is planning for.
01:04 When you get down to a more serious time in the relationship, perhaps some straight to
01:08 the point questions are in order.
01:10 Do you use a budget?
01:11 What are you saving for?
01:12 What are your short term plans?
01:13 What are your long term plans?
01:15 As always, respect and communication are key when discussing any important matter, especially
01:21 [MUSIC PLAYING]