When couples begin building a life together—whether by moving in or getting married—learning how to manage money as a team is an important step. Clear communication about finances encourages collaboration and helps set shared expectations early on, making it easier to handle joint responsibilities like rent, groceries, utilities, or savings goals.

Being open about your financial situation allows both partners to understand where they stand, from income and spending habits to existing debts and long-term goals. Transparency also helps build trust, which is key when making everyday decisions and planning for the future.

While money conversations can feel a bit awkward at first, they are essential to creating a strong financial foundation as a couple. If you're planning to start that conversation soon, here are some practical communication tips to help make the process smoother and more productive.

1. Be Honest about Your Financial Situation

Honesty is the cornerstone of any strong relationship, and this is especially true when it comes to money. Early in the relationship, couples often avoid financial conversations out of fear of judgment or awkwardness. However, hiding financial details can lead to misunderstandings later on. For example, it’s common for Filipinos to take on responsibilities like sending money to parents or supporting their siblings’ education. Being open about these things from the start allows both partners to make informed decisions and plan accordingly.

This stage is also a great opportunity to discuss whether you want to open new accounts or apply for financial tools as a couple. Some partners may choose to maintain separate accounts while also opening a shared one for joint expenses. Others might also find it practical to get a new credit card that supports their lifestyle as a couple.

If you frequently shop at Landers, for instance, the Landers Cashback Everywhere Credit Card gives you up to 5% cashback. You can also earn 2% cashback on dining spends and 1% on all other qualified transactions.* To unlock the 5% cashback rate, all you need to do is accumulate PHP 50,000 worth of total spending on your card for the month—that’s not just spending at Landers, but anywhere you pay using your credit card.

Each one of the cashback points you earn is equivalent to PHP 1, and the points you accumulate can be used as a discount on your next purchase at Landers, helping you stretch your household’s budget. Additionally, the Maya credit card annual fee is waived for the first year (and is waivable in the following years), giving you further savings.

Whatever credit card you decide to get, just make sure you agree on how it will be used and who will be responsible for paying it off before applying for a new one.

2. Understand Each Other’s Money Style

Every person has a different relationship with money, which is shaped by their upbringing, experiences, and personal habits. One partner may enjoy spending on experiences, while the other prefers to save diligently for future security. These differences can lead to conflict if not acknowledged, but when embraced, they can complement each other. In the case of a spender, they can help a saver loosen up and enjoy life, while a saver can help a spender become more mindful of long-term goals.

So, take time to understand their perspective. Ask questions about how they were raised around money and what financial values they hold. Are they comfortable with risk, or do they prefer financial stability? Understanding each other’s money styles helps both partners align on financial goals and compromises. With this strategy, you can find a balance that works for both of you.

3. Schedule the Right Time and Place for Money Talks

Money conversations can sometimes be emotionally charged, so it's important to choose the right time and setting to discuss financial matters. Avoid bringing up sensitive topics like overdue bills or overspending during stressful moments, such as after work or while dealing with other personal issues. Instead, schedule a dedicated time when both of you are relaxed and can give the conversation your full attention.

4. Focus on the Topic

It’s easy for financial discussions to veer into other unrelated issues, especially if emotions run high. A conversation about budgeting might suddenly turn into an argument about personal habits or past mistakes. To avoid this, keep the discussion focused on the financial matters at hand. It’s also best to agree in advance that you’ll stay on topic and avoid bringing in outside frustrations.

5. Remain Open to Each Other’s Concerns

Active listening is crucial in any relationship, but it becomes even more important when discussing money. Finances often bring up strong emotions like fear, insecurity, or frustration. One partner might feel anxious about not earning enough, while the other may be frustrated with mounting expenses. When these emotions surface, it’s essential to give each other space to talk without judgment or interruption.

Having said that, practice listening with the objective of understanding rather than responding. Make sure to also acknowledge your partner’s feelings and concerns, even if you don’t share the same point of view. Doing so creates a space of empathy and emotional safety.

6. Keep a Positive Mindset about Your Partnership

Instead of viewing financial talks as a chore, try to see them as opportunities to grow closer and strengthen your partnership. Celebrate small wins together, like successfully sticking to a budget for the month, saving a little extra, or paying off a portion of a loan. These victories build momentum and reinforce your ability to work as a team.

7. Don’t Be Afraid to Ask for Help

If financial conversations often lead to arguments or confusion, it might be time to seek outside guidance. Many couples benefit from talking to a financial advisor, especially when dealing with larger goals like buying a home, investing, or starting a business. In the Philippines, several banks and financial institutions offer financial literacy seminars or online resources that couples can take advantage of.

You can also seek help from mentors, older couples you trust, or professional counselors if money issues are affecting your emotional connection. Asking for help shows that you're both committed to making things work and willing to learn.

For many couples, managing finances together can be challenging, but it’s an important part of building a life together. That’s why clear and open communication is essential. To make discussions about your household finances more productive and less stressful, consider adopting the tips mentioned above. And during these conversations, remember that the goal is to ensure you’re both on the same page with your financial plans, working together as partners toward a healthy financial future.

*Transactions that don’t qualify include: cash in, cash advance, quasi cash purchases, casinos and gambling, fuel, supermarket, pharmaceuticals, utilities, telco, and government.