There's no set rule. But once you get started and you meet up regularly for a money huddle, you can keep everything on track and running smoothly.
Remember, successful financial relationships also include room for failure and mistakes. You must let go of hurt and anger and use these three tools to build better financial communication.
The key is that there's no good or bad money personality. Each has its pros and cons. Each has strengths and weaknesses. It's just who we are. And most of us are a combination of the profiles, not just one.
The saver is the "penny saved, penny earned" type who gets a rush from saving money and avoids credit card debt. This person is organized and doesn't spend impulsively. He has his money in a savings account and then has an emergency account as a backup.
The spender lives in the moment and loves to buy for others. He gets a thrill from the act of buying.
The spender usually has some credit card debt and once he receives his paycheck it will be spent on something. The spender is always thinking about what to buy or do with his money next.
The Risk Taker
The risk taker is excited by possibilities and loves finding the next adventure. This person listens to his gut and is decisive.
The Security Seeker
The security seeker is trustworthy and is willing to sacrifice. He also is prepared for anything because he craves security. His initial reaction is that he wants to be safe. This person likely invests money in CDs and in the bank.
The flyer is the person who flies by the seat of his pants. He is focused on relationships and is happy to let others handle the finances.
Once you know your husband's or wife's money personality, you understand your differences, and can understand why you're not communicating well about your finances. You've identified each other's styles and personalities, and can get started on talking about how you can make them work together.