A frank talk about dollars and cents is no one’s idea of romance. But if you’ve met the person you want to share your life with, you should also verify whether your financial habits are compatible.
A 2013 study conducted by Boston-based Fidelity Investments found that 51 percent of couples admit they argue either frequently or occasionally about money. Among those couples, 38 percent said they never resolve their financial disagreements in a “mutually agreeable way,” Fidelity said.
Further, another study published in Family Relations Journal found arguments about money are a top predictor of divorce.
“Though finance doesn’t exactly spark the romantic flame, it can extinguish it if you are not on top of it,” said Jason Lilly, director of portfolio management at Rockland Trust.
Here are some financial questions that couples should ponder.