Are you on the same (financial) page as your partner?
Are you on the same (financial) page as your partner?
You might be in sync with your significant other when it comes to your feelings, but what about your finances? Take our quiz to find out just how financially compatible you are as a couple — and how you can add more fiscal togetherness, if you’ve been going it alone.
You might be in sync with your significant other when it comes to your feelings, but what about your finances? Take our quiz to find out just how financially compatible you are as a couple — and how you can add more fiscal togetherness, if you’ve been going it alone.
You and your partner want to go on a dream vacation. What’s your strategy?
Your savings account hasn’t been feeling the love. What do you do?
Congrats! You’ve just purchased a home together. How will you make your mortgage payments?
You want to buy a pair of designer shoes, but you know your partner would balk at the price. What do you do?
Your partner thinks you should start saving for retirement. How do you respond?
Who pays the bills and manages the money in your relationship?
You’re a saver and your partner’s a spender. How do you get on the same (financial) page without fighting all the time?
Financially Independent
Financially Independent
You’re Financially Independent!
Congratulations! You’ve always been financially independent and have worked hard for your money — why shouldn’t you spend it how you want? You might be new in your relationship (in which case your financial prudence is to be commended) or you just prefer to keep your financial life separate from your love life. And that’s cool.
Just keep in mind that at a certain point in your relationship, marrying your finances with those of your partner makes sense. Not only will it make sharing your expenses more convenient, you’ll save money on banking fees and have an easier time saving up for big items — like a house, dream vacation or even a wedding!
Related: 5 ways to nurture your nest egg
Wondering how your partner would answer these questions? Send a link and share your results to get closer, financially.
Think your friends can benefit from taking the quiz? Share these links
Going Dutch
Going Dutch
You’re Going Dutch!
Congratulations! You and your partner have figured out how to split your finances equally — and that’s no easy feat. In any given month, you know exactly how you’ll pay for housing, groceries, utilities and other bills. At the same time, you prefer to hang on to some independence and privacy — and really, who could blame you? Having a separate account is a great way to treat yourself every once in a while.
Still, it’s a good idea to sit down together and decide whether you can find more ways to collaborate fiscally. For instance, if you’re saving for something big — like a house, dream vacation or even a wedding — you might want to apply for a joint savings account and maximize your interest potential. Or, if you’re purchasing your first car as a couple, you might want to consider a joint line of credit. Just make sure you continue to keep things fair and square and you should enjoy a wonderful financial relationship together.
Related: 5 tips for saving for your first major vacation
Wondering how your partner would answer these questions? Send a link and share your results to get closer, financially.
Think your friends can benefit from taking the quiz? Share these links
Financially Hitched
Financially Hitched
You’re Financially Hitched!
Congratulations! As in every other aspect of life, you and your significant other are the perfect couple when it comes to your finances. Not only are you equal financial partners (you both know where your money goes on a monthly basis), you also know that fewer accounts mean it’s much easier to manage your monthly budget. (Plus, you can pay fewer banking fees and simultaneously boost your savings when you combine your cash.)
Always the savvy one, you’re forever searching for new financial synergies. You’ve come to the right place. Use our Total Look tool with your online BMO Harris account to set up budget and savings goals, and keep tabs on all your transactions and credit cards (even non-BMO accounts).
Related: Buying your first home as a couple? Check out these 5 tips…
Wondering how your partner would answer these questions? Send a link and share your results to get closer, financially.
Think your friends can benefit from taking the quiz? Share these links