What factors did you consider before choosing your spouse or partner? Many people consider appearance, income, spirituality and how this person makes them feel. The right choice enhances your prospects of living a successful life while the wrong choice can cause pain. This is why one must consider all aspects before going into a relationship with another person.

Please do not enter into a relationship with anyone without knowing if you are financially compatible. Being financially compatible means seeking to know if you fit when it comes to financial matters; it doesn’t mean that both of you make similar financial decisions. The key is to understand each other’s viewpoints when it comes to earning, saving, investing and spending money and achieving a balance.


It is imperative that you check your views on money because disagreements over money has led to many divorces and break ups today. Nearly all of us are guilty of not considering where our partner stands on money issues before taking the plunge, only to discover later that it can seriously affect the relationship.

SuzeOrman, one of America’s authorities on personal finance developed a financial compatibility quiz, published in Yahoo Finance which I have reproduced below. The rule for participation is to complete the quiz for your partner. Please go ahead to make a copy and give to your partner to also assess you:


Within each group of statements below, circle the statement that best describes your mate.

A. Fails to adequately tip the waiter in restaurants as a matter of course.

B. Seems unusually taken with luxury items, like wildly expensive cars, clothes, or gadgets.

C. Has a weekly date with friends betting and gambling

D Never balances the checkbook, and/or regularly bounces checks.

E. Keeps the checkbook balanced at all times.


****************************************

A. Invites you to dinner, chooses the restaurant, then complains about the prices on the menu.

B. Expresses material longings for things–vacations, jewelry, etc.–way beyond his or her budget.

C. Constantly buys and sell stocks for the thrill of it, rather than as carefully considered economic moves.

D. Seems to regard his or her parents or others as a source of income.

E. Is saving the maximum allowed by law in retirement accounts, and monitors all these investments to make sure they are performing to the best of their ability.

***************************************

A. Complains about child support obligations.

B. Tries to impress your friends by bragging about money.

C. Prefers to take vacations in places where there is gambling.

D. Has a messy wallet, or a wallet full of maxed-out credit cards but absolutely no cash.

E. Never buys an item to impress others, and never brags about money.

***************************************

A. Talks about using his or her business expense account for personal items.

B. Cannot pay off bills at the end of every month.

C. Cannot get up and walk away from a gambling table, even if losing badly.

D. Spends money on a new pair of expensive shoes, even though other bills are overdue.

E. Loves to talk about finances and is open to teaching you.

****************************************

A. Seems uncomfortable using the pronoun “we”.

B. Can never go into a store without buying an item whether he or she needs it or not.

C. Is constantly baffled where the paycheck went.

D. Receives calls from bill collectors.

E. Is charitable and generous and does not define him- or herself by how much is in the bank account.

****************************************

A. Would never put loose change into a donation box after making a purchase.

B. Gives you unusually expensive gifts that you know he or she can’t afford.

C. Is constantly placing bets, be it on a backgammon game or an office pool.

D. Avoids talking about money and acts like everything is just fine when you suspect it isn’t.

E. Pays all the bills on time, and rarely carries a balance on credit cards.

****************************************

Scoring: Now count how many of each letter you have circled and record the number below.

A____B____C____ D____E____

The letter with the largest number reveals your partner’s primary money traits.

The key:

A = Penny pincher B = SpendthriftC = GamblerD = Financial wreckE = Financial catch

Okay, so what to do with this information? Start talking. If you are far apart you need to see where you can find some common ground. I don’t care how in love you are now, or how much you insist it doesn’t matter that you are a financial catch and your partner is a financial wreck. It does matter. A lot. And the longer you are together, the more it is going to matter. Disagreements over money, a failure to have a united financial game plan, are among the biggest factors in busted relationships.

But I also want to remind you to be patient. If you are financial opposites you are not going to resolve your differences in one conversation. Still, over the course of many conversations, where you can both express your own concerns and also truly hear your partner’s, you can begin to build a financial arrangement that works for both of you. Remember that financial intimacy, like any other kind, takes time and effort.


http://businessdayonline.com/2015/07/are-you-your-partner-financially-compatible/#.VZPHEThFAdU

Chinum:
What factors did you consider before choosing your spouse or partner? Many people consider appearance, income, spirituality and how this person makes them feel. The right choice enhances your prospects of living a successful life while the wrong choice can cause pain. This is why one must consider all aspects before going into a relationship with another person.

Please do not enter into a relationship with anyone without knowing if you are financially compatible. Being financially compatible means seeking to know if you fit when it comes to financial matters; it doesn’t mean that both of you make similar financial decisions. The key is to understand each other’s viewpoints when it comes to earning, saving, investing and spending money and achieving a balance.


It is imperative that you check your views on money because disagreements over money has led to many divorces and break ups today. Nearly all of us are guilty of not considering where our partner stands on money issues before taking the plunge, only to discover later that it can seriously affect the relationship.

SuzeOrman, one of America’s authorities on personal finance developed a financial compatibility quiz, published in Yahoo Finance which I have reproduced below. The rule for participation is to complete the quiz for your partner. Please go ahead to make a copy and give to your partner to also assess you:


Within each group of statements below, circle the statement that best describes your mate.

A. Fails to adequately tip the waiter in restaurants as a matter of course.

B. Seems unusually taken with luxury items, like wildly expensive cars, clothes, or gadgets.

C. Has a weekly date with friends betting and gambling

D Never balances the checkbook, and/or regularly bounces checks.

E. Keeps the checkbook balanced at all times.


****************************************

A. Invites you to dinner, chooses the restaurant, then complains about the prices on the menu.

B. Expresses material longings for things–vacations, jewelry, etc.–way beyond his or her budget.

C. Constantly buys and sell stocks for the thrill of it, rather than as carefully considered economic moves.

D. Seems to regard his or her parents or others as a source of income.

E. Is saving the maximum allowed by law in retirement accounts, and monitors all these investments to make sure they are performing to the best of their ability.

***************************************

A. Complains about child support obligations.

B. Tries to impress your friends by bragging about money.

C. Prefers to take vacations in places where there is gambling.

D. Has a messy wallet, or a wallet full of maxed-out credit cards but absolutely no cash.

E. Never buys an item to impress others, and never brags about money.

***************************************

A. Talks about using his or her business expense account for personal items.

B. Cannot pay off bills at the end of every month.

C. Cannot get up and walk away from a gambling table, even if losing badly.

D. Spends money on a new pair of expensive shoes, even though other bills are overdue.

E. Loves to talk about finances and is open to teaching you.

****************************************

A. Seems uncomfortable using the pronoun “we”.

B. Can never go into a store without buying an item whether he or she needs it or not.

C. Is constantly baffled where the paycheck went.

D. Receives calls from bill collectors.

E. Is charitable and generous and does not define him- or herself by how much is in the bank account.

****************************************

A. Would never put loose change into a donation box after making a purchase.

B. Gives you unusually expensive gifts that you know he or she can’t afford.

C. Is constantly placing bets, be it on a backgammon game or an office pool.

D. Avoids talking about money and acts like everything is just fine when you suspect it isn’t.

E. Pays all the bills on time, and rarely carries a balance on credit cards.

****************************************

Scoring: Now count how many of each letter you have circled and record the number below.

A____B____C____ D____E____

The letter with the largest number reveals your partner’s primary money traits.

The key:

A = Penny pincher B = SpendthriftC = GamblerD = Financial wreckE = Financial catch

Okay, so what to do with this information? Start talking. If you are far apart you need to see where you can find some common ground. I don’t care how in love you are now, or how much you insist it doesn’t matter that you are a financial catch and your partner is a financial wreck. It does matter. A lot. And the longer you are together, the more it is going to matter. Disagreements over money, a failure to have a united financial game plan, are among the biggest factors in busted relationships.

But I also want to remind you to be patient. If you are financial opposites you are not going to resolve your differences in one conversation. Still, over the course of many conversations, where you can both express your own concerns and also truly hear your partner’s, you can begin to build a financial arrangement that works for both of you. Remember that financial intimacy, like any other kind, takes time and effort.


http://businessdayonline.com/2015/07/are-you-your-partner-financially-compatible/#.VZPHEThFAdU

"E" baby!