Working as a Team – Relationships and your Finances

Welcome to Finance and Fury

Today we are going to talk about relationships and money, and some strategies to start working as a financial powerhouse couple

We all spend money and we all have relationships

Doesn’t mean romantic relationships How has your relationship with money been developed? Did your parents talk about money around you? A lot of your foundations are through things you picked up as a kid Did you notice your parents ever fight about money? Based on what you observed you might try and avoid conflict about money What I was exposed to made a huge difference in my development It initially was uncomfortable talking to others about money, but with time you get used to it

 

Relationships & Money 101 Compatibility helps a lot. Some similar goals and visions. As a couple, you are meant to be greater than the sum of its parts That means something bigger/better than you would expect from the individual parts Think about a relationship in terms of an equation 1 + 1 = 3 If you have 2 people leading towards the same goals, you get a much better return. Your finances allow you to live a certain lifestyle What happens if you have differing values?

 

First step: Work out your own personal inventory and your values Get to know yourself a little better and use one of our workbooks Look at your financial habits and how they are impacted in a relationship Is there anything influencing your behaviour? What is my personal experience?

 

Getting on the same page – What you can do? Have you had a meaningful chat with your partner about money? Talked about spending habits, savings habits and shared goals? It needs to be a pretty focused chat around your goals What gets in the way? If uncomfortable, you might find it’s not as bad as you thought Important to get all the baggage out of the way at the start Create a list of shared financial goals Accountability buddy - Helping each other keep on track of these goals

 

The most important part: Talking about money with your partner Delaying this will do you no favours Relationships alone are a significant investment The more you invest, the better the relationship gets Are you both working towards your end financial goals?

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