Description

Money is such a strange topic and for the most of us it is still a taboo subject and when you throw in another complex layer like a relationship, shit gets even more confusing and has the potential to cause serious.. serious issues in a relationship.

 I see this when I talk to clients, one person has a goal of starting a business and the other partner wants to buy a house which means there is a conflict. Some couples share bank accounts others do not, there is no right or wrong answer. It comes down to how comfortable you are in your relationship and what works for you and your partner. But here are my tips and things you need to consider when dealing with money in a relationship. 

• Relationship goals: Work out your relationship goals with your partner.
• Current financial situation: Take stock of your income and expenses, assets and debts.
• Attitudes to spending and saving: Are you a spender or saver? What about your partner?
• The financial controller: Who will handle the finances?

Episode Sponsor  

This episode is brought to you by More Time Financial. A financial planning, money management and financial education company who are on a mission to help young Australians make smarter decisions with their money.

 About Ross Marais

Ross Marais is a Gen Y Financial Adviser & Lifestyle Planner. CoFounder of More Time Financial.

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