7 Money Conversations Every Couple Should Have Before Buying a House Together
Every relationship goes through stages: the initial first days of bliss and endless dates, the moments when you realize this really could be something big, when you make it official, when you have your first fight—and make up, when you decide to move in together, and when you choose one another for life. Another biggie? Making a down payment on a house and signing both of your names on a house deed.
Whether you're Team Marriage or not, when two people purchase a home together, it's a commitment—one that requires you to get comfortable talking about money. As financial therapist and licensed professional counselor Kathy Hines, LPC explains, conflict over finances is among the top three reasons couples fight—or ultimately get divorced. Because everyone has a different experience with money and varied emotions tied to it, talking about money feels personal and can make us uneasy, fast.
"Being vulnerable enough to have open and honest communication around money creates financial intimacy. This in turn creates safety within the relationship," Hines says. "Without financial intimacy, other areas of the relationship can suffer and break down."
Before you start the home buying checklist or plan the "We did it!" Instagram photo you'll post of your abode-to-be, make sure you have these important—and maybe difficult—conversations with your partner.