Whether it’s clothes, cars, repairs, hotels or food — the cheapest option usually is the lowest quality. If your significant other automatically chooses the lowest cost regardless of the consequences, it would be worth discussing short-term cost versus long-term value.
Higher-quality materials and craftsmanship often mean that things are better made, last longer and require less to repair and maintain over time. There is value in having nice things and spending more for amenities when it matters. This is ultimately a line you and your significant other will have to set for yourselves.
DISCUSS WHAT MONEY MEANS TO YOU
Some people value experiences over things. They might not see the point in spending money on gifts or lavish meals. Other people treasure thoughtful gifts and appreciate the effort that goes into fine dining. Neither of these points of view is wrong — it’s just a difference of perspective. The more you and your partner learn about each other’s money personalities, the better you can support each other now and in the future.
But if your significant other refuses to go on group dates just to avoid splitting the tab, or if you end up ruining your favorite shoes because you had to walk 10 blocks from the car to the restaurant rather than pay for valet, you might need to point out how your partner’s decisions are affecting you. Give them a chance to see it from your perspective and be prepared to listen to their response. After all, that’s what relationships are all about, right?
As always, we’ve got your back. — The On Your Own Team
[Any reference to a specific company, commercial product, process or service does not constitute or imply an endorsement or recommendation by On Your Own, the National Endowment for Financial Education or any of its affiliate programs.]