Money management is just as important as looks and personality when choosing a mate. Unfortunately, couples often wait too long to talk about each other's financial habits and goals.
El Segundo, CA (PRWEB) April 10, 2013
A 2013 study by TD Ameritrade found couples fight about money five times per year, on average. Interestingly, 40 percent of survey respondents said they do not fully trust partners to manage their combined finances, yet only 5 percent stated money was an important factor when choosing a partner.
"There's an apparent disconnect between what couples expect from each other financially, and how those expectations are communicated," said GoBankingRates managing editor, Casey Bond.
In an effort to help those in romantic relationships eliminate the arguing and distrust surrounding their finances, Ms. Bond developed Love and Money: A Quiz for Couples that will determine whether partners are a financial match made in heaven — or a money mess waiting to happen.
Ms. Bond explains that much of the financial stress that is so common in relationships could be avoided if "couples would test their financial compatibility during the early stages of their relationships, rather than ignoring the subject of money until it becomes a source of tension." In fact, she says, "Money management is just as important as looks and personality when choosing a mate. Unfortunately, couples often wait too long to talk about each other's financial habits and goals."
The financial compatibility test is comprised of seven questions, each with five possible answers. Respondents are instructed to choose option 1-5 for each question, then identify which number was selected most often. These numbers correlate to a particular level of compatibility, as well as tips for how couples can solve their particular money issues.
Take the financial compatibility test here: http://www.gobankingrates.com/savings-account/financial-compatibility-test-for-couples-banking-spending-saving-habits/
For questions about this quiz or to schedule an interview with Casey Bond, please use the contact information below.
GoBankingRates.com is a national website dedicated to connecting readers with the best interest rates on financial services nationwide, as well as informative personal finance content, news and tools. GoBankingRates collects interest rate information from more than 4,000 U.S. banks and credit unions, making it the only online rates aggregator with the ability to provide the most comprehensive and authentic local interest rate information.
Jaime Catmull, Director of Public Relations
Source: TD Ameritrade, Couples Argue Over Money on Average 5 Times a Year, Survey Suggests, March 7, 2013.
Photo: Tobyotter via Flickr Creative Commons