Money management is an important aspect of adult life, and for couples, it can be a source of either conflict or collaboration. Financial compatibility is just as important as other forms of compatibility in a relationship. After all, money touches nearly every aspect of our lives, from how we spend our days to the long-term goals we set. That’s why it’s crucial for couples to get on the same page about their finances and to make sure they are working together towards shared financial goals. A great way to do this is by instituting a “money date night.”

So, what exactly is a money date night? Just like it sounds – a dedicated time for you and your partner to sit down and talk about all things money. This might include paying bills, reviewing budgets, and discussing financial goals and dreams. By setting aside a specific time for these conversations, you can ensure that you’re both on the same page and that your financial life together is headed in the right direction. It’s also an opportunity to make financial planning fun and engaging, rather than a source of stress or contention.

One way to make your money date night enjoyable is to create a relaxing atmosphere. Light a candle, pour a glass of wine, and put on some soft music. You could also make it a game by creating a friendly competition around budgeting or saving. For example, you could challenge each other to see who can find the most creative ways to cut back on expenses or come up with the most innovative investment ideas.

Another tip is to focus on your shared dreams and aspirations. Frame your financial discussions around your joint future and the life you want to build together. This can help keep things positive and inspiring, rather than dreary and restrictive. For example, if you’re saving for a down payment on a house, talk about the home and life you want to create together and how your savings plan is helping you get there.