What to Do When Your True Love’s a Spender, and You’re a Saver

Texas CPAs Offer Advice to Get Couples in Tune Financially

If you think two tinfoil turtle doves would grace the holiday table just fine, but your significant other wants to spring for titanium ones, your dilemma may be more financial than fashionable.

Texas CPAs say birds of a feather don’t always flock together and keeping a couple happy when one’s a saver and one’s a spender may require some work.
According to Texas Society of Certified Public Accountants (TSCPA) immediate -past Chairman James A. Smith, it’s best for couples to talk openly and honestly about their finances.

“Couples need to make sure they’re on the same page financially. Even if one spouse has a more impulsive spending personality and the other would rather save for the future, the couple must come together to create and stick to a family budget,” said Smith.

Some of the financial issues Texas CPAs recommend that couples discuss include the division of household financial responsibilities like paying bills and shopping for insurance, how best to teach children about money, and long-term goals like buying a house.