5 Tips to Help You Save Money as a Couple

While you and your partner might have different financial goals, talking about money can help you find new to support each other.

3 min read

Talking about money with the people closest to you can be uncomfortable, but it can also pay off in a big way. While you and your partner might have different spending habits, long-term financial goals, and count with different income levels, talking about money together can help you get on the same page and find new ways of supporting each other.

We get it, opening a joint bank account with your partner can be a scary move. If you’re not ready to take that step, you can start making smart money moves with your significant other today. Here are a few ways to get started. 

1. Set up a weekly time to talk about money

Setting aside time to talk can help you and your partner initiate a conversation about money. Scheduling a set time may seem formal, but it helps to have a dedicated space to talk about topics that may seem uncomfortable at first.

Are you worried about how to start the conversation? Here are some questions you can use to get things going.

  1. What are our individual money goals? 

  2. What do we each spend most of our money on?

  3. What do we find frustrating about managing money?

  4. Are there obstacles that make it hard for either of us to save money?

  5. What do we want our financial future to look like 2, 4, or 8 years from now? 

These questions will help your partner understand your finances, what your expenses are, what challenges you face, and create a good starting point to discuss if or when you might want to combine your finances down the road. 

2. Create a budget

A combined budget can help both parties make sure they are on the same page. Start with essentials like rent, bills, student loans. Then move into variable budget categories like groceries, eating out, transportation, and general spending money. Don’t live with your partner? Make a budget for all the things you do together like date nights, vacations, concerts, or events you’ve been planning for.

3. Have more date nights at home

While romantic, nights out can get expensive, and given the current pandemic, they’re often more complicated than they seem. You can save some money each month by turning your home into a romantic getaway. Want some ideas for budget-friendly date nights at home? Try a living-room picnic or a backyard wine tasting. 

4. Map your common goals

What are your common goals? Whether it's moving to a new apartment, going to a music festival, or a trip abroad, it's important to align your goals. Write down your short-term and long-term goals and find a physical space for them. See where your goals overlap and start saving together.

5. Combine expenses where it makes sense

Moving in with someone can be a big step, and while for some couples this might be a no-brainer when it comes to combining expenses, you don’t need to change your living situation to start saving money. Do you each have a Netflix account? Individual music-streaming subscriptions? Sharing services can be a practical way to cut down on unnecessary spending. Many services allow for multiple users under one account, while others offer family plans ideal for couples.


Open an account that will let you share more with your partner 

N26 MoneyBeam lets you send or receive up to $3,000 per day with other N26 users in the U.S. So whether you’re paying your significant other back for something big like rent or small like a trip to the grocery store, we’ve got your back. Open your N26 account in 5 minutes today.

The N26 account is offered by Axos Bank®, Member FDIC. N26 Inc. is a service provider of Axos Bank. All deposit accounts of the same ownership and/or vesting held at Axos Bank are combined and insured under the same FDIC Certificate 35546. All deposit accounts through Axos Bank brands are not separately insured by the FDIC from other deposit accounts held with the same ownership and/or vesting at Axos Bank. The N26 Visa® Debit Card is issued by Axos Bank pursuant to a license by Visa U.S.A. Inc. The N26 Visa Debit Card may be used everywhere Visa debit cards are accepted.

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