talk is just as essential as pillow talk in building a
marriage with a strong foundation.
and prioritise goals together
is important for a couple to discuss their goals to
ensure they are both on track to achieving them. Couples
need to talk openly and honestly, and map out how
they’re going to achieve their goals financially,
instead of leaving it to one person to deal with it.
This means that if you consult a financial planner, make
sure you go together.
your partner’s money personality
money behaviour is affected by our upbringing. Still,
many couples are surprised at how different their
partners’ financial views are. A 2007 survey showed
that the greatest source of financial disagreements is
the amount of personal spending. This includes squabbles
over how much money is given to their respective parents
on a regular basis.
one partner is more aggressive in expenditure while the
other is conservative. This leads to arguments over bad
investment decisions and unhappiness over why one person
has greater control over the finances. The trick is to
acknowledge each other’s difference and make the most
of each other’s strengths. For instance, if one
partner is detailed and organised, he should take charge
of ensuring the bills are paid on time and managing the
and separate funds
need not be restrictive. Once the household expenses are
sorted out, calculate how much you can each spend and
set aside joint and separate funds that can be used to
pay for a fancy dinner or spa treats. Respect each
other’s freedom to manage this spending money.
a half-yearly basis, run through the family’s finances
together to ensure that you are on track. Take into
account any changes that may affect your savings and
investment plans. After all, it is a team effort. And if
anything should happen to one partner, the other knows
where all the important documents are.